Lots of reasons have been put forward for Missguided’s failure with some saying that it signals the demise of fast fashion. But an analyst said the real reason was more straightforward and a common problem.
The Colombian botanical cosmetics brand, Loto del Sur, caught the attention of the Puig group in 2019, when they acquired a minority stake in the brand. Its founder, Johana Sanint revealed her plans for the future.
Chinese group Anta Sports bought the Fila group's franchised brands for China, Hong Kong and Macao in 2009, and in 2021 the Italian sportswear brand’s revenue in the region reached CHY21.82 billion ($3.37 billion).
Ted Baker hasn’t announced the name of the preferred bidder to which it’s talking, but news reports say acquisition-hungry Authentic Brands Group (ABG) is the front-runner to clinch a £300m deal to buy the UK retailer.
Arklyz Group, owner of the specialty footwear retailer The Athlete's Foot announced is has acquired Shoe City, a Baltimore-based sneaker and streetwear lifestyle retail chain together with online platform, YCMC.
Fashion e-tailer Missguided is teetering on the brink with administrators stepping in after creditors issued a winding-up petition. And a report claimed that e-tail peer Boohoo is working on a pre-pack rescue.