Dan Henry Watches has published a study saying that sales of luxury timepieces are on the rise, and according to the creator of Dan Henry Watches, that growth has contributed to a new trend in the industry: the emergence of microbrand watches. Purchases of luxury timepieces, for more than 100 years […]

After a 17-year run, Swarovski will no longer be the sponsor for the CFDA Awards. Swarovski has been the main sponsor of the event. “After an incredible 17-year partnership on the CFDA Fashion Awards, the CFDA and Swarovski have decided to shift the scope of the relationship and work on other programs […]

BlueGem Capital Partners has sold The DMC Group, which comprises of leading European needlecraft brands, including DMC, Wool and the Gang and Sirdar, to Lion Capital LLP. BlueGem formed The DMC Group in August 2016 as a consolidation platform for complementary needlecraft brands, following the acquisition […]

Klarna, Europe’s leading payments provider and a newly-licensed bank, has announced that it is partnering with Canadian instant financing provider, PayBright to allow global retailers to offer an instalment payment method for Canadian consumers. The partnership will give Klarna’s 100,000 global retailers […]

New York - Gap has landed upscale childrenswear brand Janie & Jack at Gymboree’s liquidation sale. According to court documents released over the weekend, it’s paying 35 million dollars for the online business and leases to Janie and Jack stores. After filing for bankruptcy for the second time in two […]

Amazon doesn't want any frauds. The global retailer has announced plans for Project Zero, a new program that will help them counteract one of their biggest criticisms: counterfeits. The news was reported by Business Insider. The name of the project derives from Amazon's goal to get the number of counterfeits […]

Neiman Marcus Group LTD LLC has announced today that it has made significant progress in refinancing discussions and has reached an agreement in principle with majority holders of each of the company’s term loans and unsecured notes on the framework of a comprehensive amend and extend transaction. The […]

Paris-based fashion, music and lifestyle brand Maison Kitsuné has announced a joint venture with JoeOne in China, as it looks to expand its global reach and add 50 points of sales in the next five years in the region. The news follows the multi-faceted Paris-meets-Tokyo brand’s strategic announcement […]

Wall Street Journal has reported that Gap Inc., the parent company of Gap, Banana Republic, Athleta, and Intermix, will be splitting into two publicly traded companies. The companies will now be split into Old Navy and a yet-to-be-named company, which will consist of Gap, Athleta, Banana Republic, Intermix […]

Toplife, the luxury e-commerce platform launched by Chinese online giant JD.com in 2017, is set to merge into Farfetch China, as part of a new partnership agreement between the two companies. In addition, products from over 3,000 luxury brands will be made available for JD.com’s 300 million app users, […]

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