Payless ShoeSource announced that they have filled for chapter 11 bankruptcy on less than 1 billion dollars in assets and 10 billion dollars in liabilities, and will immediately close 400 stores. Payless has been in negotiations with lenders and at one point closed 1000 stores as part of a restructuring […]

American-made menswear label Mizzen+Main has announced that it has received a “significant growth investment” from L Catterton, the largest consumer-focused private equity firm in the world. Specific details of the amount of investment have not been disclosed, just that the private equity firm was the […]

Delta Apparel has confirmed the competition of its sale of vintage-inspired, licensed graphics T-shirt business, Junk Food Clothing Company to JMJD Ventures for 28 million dollars. The asset sale includes 25 million dollars in cash at closing, with promissory note payments due between June 30, 2017, […]

UPDATE London - Kate Spade & Co. is said to need more time to mull over Coach's take over bid. The latter reportedly made an offer to take over the US premium handbag label last week, although it remains unclear how much Coach has offered. By taking more time to go over the sale process gives potential […]

L Catterton, the world’s largest consumer-focused private equity firm backed by luxury conglomerate LVMH, is looking to create the largest independent swimwear and beach lifestyle business through its investments in Seafolly and Maaji. The global swimwear and beach lifestyle platform will combine Australian […]

Velvet, a California-based contemporary apparel company best known for the brand Velvet by Graham and Spencer is to be acquired by Japanese multi-brand apparel company Adastria. The Japanese group, which operates 21 brands across Japan and Asia, is targeting the North American market with its second […]

It seems that fashion designers can rest easy with a new decision made by the U.S. Supreme Court. Recently, the decision unveiled that the industry may become more broad about its fashion copyright protection rules. On March 22, the Supreme Court made a decision on a recent case regarding fashion copyright. […]

Like all brands, Lululemon has hopped on the train to court the millennial consumer. While they are working on expanding their number of stores, in an overly saturated retail market that might not be the best approach. However, if they can get more shoppers, they can at least stay on track to make their […]

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