Nike is planning on opening a new distribution center in Marshall County, Mississippi as part of its plan to increase production and logistics capabilities in North America. The news was reported by Sourcing Journal. Earlier this year, Nike had closed a Memphis-area facility it had operated for more […]

Hylete, Inc., the fitness lifestyle company engaged in the design, development, manufacturing and distribution of premium performance apparel, footwear, and gear for men and women, has announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission […]

Farfetch announced on Thursday that it has purchased 100 percent of New Guards Group, the Milan-based parent company of brands including Off-White, Palm Angels, Marcelo Burlon County of Milan, Unravel Project, Heron Preston, and more. The online retail platform has fully acquired the company, which […]

The Milan-based New Guards Group, parent company to a portfolio of much-hyped streetwear brands including Off-White, Palm Angels and Marcelo Burton County of Milan, has a new owner: Farfetch. The news came as the British and Portuguese-based retail marketplace announced its second quarter results this […]

ANALYSIS New York – Weighted by high rents and online competition, Barneys New York announced at the beginning of August its decision to seek for bankruptcy protection. The high-end department stores chain has also secured a last-minute lifesaver in the form of a 218 million dollars capital injection. […]

Fashion talent and creative agency Starworks Group has abruptly shut down. Just three years Vice Media took a majority investment in the company that was expected to help them expand, but amid a mount of debt and legal issues they have ceased operations. The news was reported by WWD. Starworks was originally […]

Klarna, payment provider and bank, popular for its 'buy now, pay later’ services, has raised 460 million US dollars in an equity funding round to become Europe’s largest private fintech firm, valued at 5.5 billion US dollars. The Swedish finance company, which works with 130,000 merchants globally including […]

London-based start-up, Hero, which works with retailers to transform analogue retail space into “smart stores of the future”, has confirmed that it has secured 10 million US dollars in Series A funding to “accelerate” its reinvention of retail. Led by S28 Capital in San Francisco, with participation […]

Fanbytes, one of the fastest-growing video influencer platforms in the UK helping brands target Gen Z on social platforms Tik Tok, Snapchat and Instagram, has received “strategic investment” from KM Capital to further support retail brands engage with Gen Z audiences. Fanbytes help brands reach young […]

Swimwear brand Vilebrequin has selected Gerber Technology's integrated solutions, YuniquePLM and AccuMark CAD, to facilitate quick product development and centralize all information, making it easily accessible to every member of the team. Gerber Technology is a flexible materials and fashion technology […]

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