There is no doubt that the Corona crisis has accelerated the digitalisation of work and made working conditions more flexible. Large corporations such as Bayer, Deutsche Bank, Zalando and others have already decided to considerably reduce the number of business trips, even “after Corona” (whenever that […]

Moncler, the original purveyor of the down jacket, is taking direct control of its e-commerce channels to accelerate a new era of digital transformation for the brand. The company previously outsourced its online operations to Yoox Net-a-Porter. The news will come as a blow to YNAP, which just last […]

Under Armour has received a possible enforcement action from the SEC (Securities and Exchange Commission.). The notice in question is a Wells notice inquiring about the accounting treatment of Q3 and Q4 sales from 2016. Last week, on July 22, Under Armour's former CEO and current executive chairman, […]

For the 5th year running the ‘Women Count 2020’ has revealed that gender diversity at the top levels of British business needs urgent attention, with data proving that companies in the FTSE 350 with diverse leaderships perform considerably better and have higher profit margins. According to the report, […]

Boohoo is to build its own ‘model factory’ in Leicester following controversy in recent weeks sparked by allegations of poor working conditions at some of its suppliers' factories. CEO John Lyttle told The Mail on Sunday that the company could begin producing its own clothing with a local joint-venture […]

Corneliani is receiving an investment from the Italian government. Italy's Ministry for Economic Development will be granting the luxury brand a 10 million euro loan to help Corneliani continue operations. The news reported by WWD. Like many fashion brands, Corneliani suffered economic fallout from […]

After filing for bankruptcy earlier this month Brooks Brothers has reached an agreement for sale with multi-brand platform SPARC Group LLC. A motion has been filed with the United States Bankruptcy Court for the District of Delaware to attain approval for the sale of Brooks Brothers' assets for 305 […]

Ascena Retail Group Inc, the parent company of Ann Taylor, Loft, and Lane Bryant, is seeking a 150 million dollar loan from its creditors to keep the company functioning during their bankruptcy filing. Ascena is working on a restructuring plan that will also allow creditors to install new board members. […]

Employees at Amazon-owned Whole Foods filed a lawsuit against the grocery chain alleging punishment for wearing Black Lives Matter or BLM masks. The lawsuit, filed in federal court in Boston by Whole Foods workers in Cambridge, accuses that the company fired one employee and disciplined around 40 others […]

Yoox Net-a-Porter Group and Armani have announced a new strategic development in their 20-year relationship for what they are calling a new “distribution model for the future” by developing the ‘Next Era’ omnichannel business model. The new strategic phase, in place until 2025, will see both companies […]

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