In 2017 when Giorgio Armani announced it would shutter its Armani Collezioni and Armani Jeans brands as part of a new distribution strategy, the company said it was prepared to see losses. Those losses have incremented to 10 percent year on year, as the Armani Group this week announced revenue fell […]

Sports apparel giant Nike is reportedly exploring the sale of its surfwear brand Hurley International. A sale of Hurley is one of the options that Nike is considering for the Costa Mesa, California-born brand, Reuters reported, citing people familiar with the matter. Nike did not disclose the amount […]

Even though the trade dispute between the United States and China has moved away from escalation and towards reconciliation since the G20 meeting in June in Osaka, the consequences of this already year-long exchange of blows between two big players in the international cotton industry are clearly noticeable […]

The period apparel industry is on the rise. Four-year-old e-commerce company Ruby Love, which specializes in a wide range of leak-proof womenswear, announced that it received a 15-million-dollar investment from global fund The Craftory. The Craftory supports mission-driven consumer brands; it has previously […]

Luxury footwear brand Manolo Blahnik has acquired Italian women’s shoe manufacturer Calzaturificio Re Marcello, which currently makes the label’s shoes. Manolo Blahnik, which is independently owned, has been working with the Vigevano-based factory since 1990. “Calzaturificio Re Marcello is synonymous […]

With social media becoming more of a retail platform, fashion brands and retailers are well advised to take note. A 2018 study by Ofcom found that the average Britons now spend 24 hours a week online; more than twice the time they did in 2011. They also check their phone every 12 minutes, no doubt to […]

UK-based retailer Watches of Switzerland Group has reported a surge in pre-tax profits of 181 percent to 20.1 million pounds in the year to 28 April. The company saw revenue climb 22.5 percent to 773.5 million pounds and a 10 percent rise in like-for like sales. Watches of Switzerland chief executive […]

After a 15 year run, fashion designer Derek Lam is hanging up the hat on his collection business and will now be focusing his efforts on his contemporary line, 10 Crosby Derek Lam. “The momentum is there,” Lam said to Vogue.com regarding his 10 Crosby business. “It’s been growing at a nice clip, and […]

The Coveteur, the digital publication that originally started as a blog for a sneak peek into the closets of fashion industry professionals, is now in talks to be sold to Great Bowery, an umbrella agency in New York that holds fashion and luxury talent firms Camilla Lowther Management, Streeters, M.A.P., […]

Premier Brands Group has sold U.S.-based apparel brand Anne Klein a new brand management platform, WHP Global. Founded by founder of Wave Hill Partners, Yehuda Shmidman, WHP Global launched on Wednesday with Anne Klein as its first acquisition. According to a press release, WHP Globla's mission is to […]

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