Swiss performance running shoes and apparel brand On has confirmed that tennis star Roger Federer has joined the company as a “close partner” after investing an undisclosed sum. The move comes following the end of the 20-time Grand Slam tennis champions contract with Nike and will see the star using […]

Sports Direct International is to rebrand as Frasers Group in December as part of the company’s elevation strategy. The UK sportswear giant is expected to formally rebrand after its shareholder meeting 16 December. Following its acquisition of House of Fraser, Sports Direct is upgrading its profile […]

Louis Vuitton is slashing internal staff discounts after French tax authorities said that the heavily discounted prices on the merchandise could be considered a taxable benefit. The brand said they will be putting a stop to staff discounts as high as 90 percent for unsold products, with reductions now […]

The RealReal has found itself in hot water this year over counterfeit items being sold through their website and store. The company's CEO Julie Wainwright has tried to say that there are no fakes on the website, but an ongoing investigation has found that is not true. CNBC recently obtained documents […]

Lucky Brand denim has announced a successful refinancing transaction that upsized its existing first lien term loan via existing lenders Wells Fargo Capital Finance and Gordon Brothers Finance Company. The transaction also refinanced Lucky Brand's former second lien credit facility via a new second […]

Abercrombie & Fitch Co. has announced plans for expansions Europe, the Middle East and Africa. The company is opening new stores for its brands in major cities in these key markets as part of an expansion strategy that has already started. In the UK, the company is introducing new stores to the Westfield […]

The Fashion Institute of Technology (FIT) has appointed new Trustees to its Board of Trustees. Gabrielle Fialkoff and Mona Aboelnaga Kanaan have officially commenced their terms on FIT 16-member board. Both are appointees the university's local sponsor, the Panel for Educational Policy of the New York […]

Funds advised by BC Partners LLP (“BC Partners”), through their participation in Pronovias Group (“Pronovias”), have reached an agreement to acquire Ladybird (the “Company”), a leading bridalwear company in Northern Europe, from its sole owner Olaf van den Brink. […]

Burberry is introducing a new global parental leave policy that offers all its employees 18-weeks of parental leave at full pay. The policy, which takes effect 1 April 2020 and is eligible for those who have worked at the company for over a year, also offers employees the opportunity to work a 30-hour […]

Macy's has said that they suffered a data breach three months ago, which resulted in some customers information being compromised and lead to a slump in sales. The news was reported by Bloomberg. “We are aware of a highly sophisticated and targeted data security incident related to macys.com that affected […]

RELATED NEWS

MORE NEWS

 

Latest jobs

 

MOST READ