Footasylum Plc said on Tuesday its larger rival JD Sports Fashion Plc has increased its stake in the company to more than 18 percent. Footasylum made the disclosure in a filing.
After slowing down in the last three years, the Italian label owned by Kering is relying on new creative director Daniel Lee, whose first show is scheduled on February 22 in Milan, to return to growth.
Karl Lagerfeld's righthand woman and longtime collaborator Virginie Viard has been tasked with heading the design of Chanel's collections following the death of the star couturier, who passed away on Feb. 19.
Chinese conglomerate Fosun International announced a takeover bid for troubled German clothing retailer Tom Tailor on Tuesday, further expanding its reach into Europe's fashion sector.
Consumers are pessimistic and cautious about spending but are also unwilling to rein-in their purchases say two new reports that highlight the on-going Brexit confusion.
Brazil sporting goods company Centauro filed for an initial public offering on Monday, according to a securities filing.
Joor, a New York-based wholesale platform and data exchange that connects brands with retailers, has announced the closing of a $16 million Series C funding round set to catapult the platform into the Asia market.
The Japanese sports and footwear company has appointed Koichiro Kodama as president and CEO of Asics America, part of a slew of executive changes in the group’s North American division following a difficult year.
Five years after its creation, the Israeli-American visual search shopping specialist has announced that it has closed a $6.5m funding round led by Matrix Partners.
Chinese holidaymakers shelled out the most money in European countries over the Lunar New Year. Data also suggests that Chinese visitors to Europe dropped the most money in department stores and luxury shops.
Mid-market footwear and apparel chain LK Bennett could be up for sale again with reports that the founder of the business, Linda Bennett, has called in advisors to look at options for it.
Chinese e-commerce giant Alibaba Group Holding Ltd is in talks with Germany’s Metro about taking a stake in the German wholesaler’s China operations, three sources told Reuters on Thursday.
Sports retail giant JD Sports Fashion sent much smaller peer Footasylum’s shares up almost 66% on Monday after the company said that it had bought a stake in the struggling firm.
English Premier League team Manchester United is one of the biggest football teams on the planet so any brand that links up with it can be guaranteed global exposure and it now has an eyewear deal with Maui Jim.
The German group reported sales of over 4.6 billion euros in 2018 and an operating margin of 7.3%. While it looks like growth may slow in 2019, the company's major focus will be on improving its profitability.
