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 […]

Italian luxury group Prada said Thursday its decision to stop offering end-of-season discounts at its stores had helped boost its performance, as it posted a sharp rise in net income. "Our strategic decision to stop seasonal markdowns and to rationalize the wholesale channel has been well received by […]

German online shoe retailer Mybudapester.com is expanding and is starting its move into the Asian market with four employees and its own office in Beijing. With its presence in China, the retailer wants to advance its business in Asia's booming luxury market. The next step will be the launch of an online […]

A new era of sustainability is upon us, based on a growing awareness of our personal wellbeing and the impacts of pollution on our planet. The digital landscape facilitates constant and instant access to information (fact and fiction), empowering consumers to demand more transparency; which in turn […]

Wacoal International Corporation has confirmed that it acquiring digitally native and size-inclusive lingerie brand, Lively, founded by Victoria's Secret alum, Michelle Cordeiro Grant. Lively, part of Intimates Online, Inc., is headquartered in New York with two retail stores in New York and Chicago, […]

RELATED NEWS

MORE NEWS

 

Latest jobs

 

MOST READ