Swedish brand Acne Studios has sold minority stakes, 41 percent, to IDG Capital and I.T. Group, according to news reports from WWD and Business of Fashion. The remaining shares will stay in ownership of founders Mikael Schiller and Jonny Johansson. IDG will acquire 30.1 percent and I.T Group will buy […]

Whether you’re a fashion manufacturer, distributor, wholesaler or retailer, streamlining your operation and processes while keeping track of a multitude of data is key. But if your IT system cannot live up to the challenge, with disparate or outdated software packages, it’s almost impossible to gain […]

Finnish pulp and paper manufacturer Stora Enso has joined The H&m Group, Inter Ikea Group and SunPine founder Lars Stigsson in their joint venture TreeToTextile AB. The project aims to develop new textile fibres from renewable forest raw materials, at attractive costs. All four partners have an equally […]

Sportswear giant Adidas has announced that it has completed the first tranche of its multi-year share buyback programme announced in March 2018. Between March 22, 2018, and December 4, 2018, Adidas has bought back 5.1 million shares, corresponding to 2.5 percent of the company’s share capital, for a […]

Reuters has reported that European Union anti-trust regulators have fined Guess 45.3 million dollars for illegally blocking cross-border sales in Europe as part of a crackdown of illegal practices blocking e-commerce in the EU. Guess came under investigation in June 2017 after a year-long inquiry of […]

There's only so many independent brands left up for grabs. With Versace recently being acquired by Capri Holdings (formerly Michael Kors Ltd.), luxury brands left up for potential acquisitions are few and far between. Roberto Cavalli is a jewel that no one has acquired yet though, but Diesel founder […]

French luxury giant LVMH said Friday that it had reached agreement to buy hotel group Belmond, whose properties include the Copacabana Palace in Rio de Janeiro and Cipriani in Venice, in a transaction worth 3.2 billion USD (2.8 billion euros). LVMH said it would acquire Belmond for 25.00 USD per class […]

The German textile industry is awash with bad news: well-known manufacturers like Gerry Weber, Tom Tailor and Esprit seem to fail to attract enough customers. And that's not just because of the record breakingly hot summer of 2018. A famous name is no longer enough in the fashion world to guarantee […]

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