Compagnie Financière Richemont, which owns 17 luxury brands including Montblanc, Cartier and Chloé, has signed a partnership with Lafayette Plug and Play, the accelerator program for retail and fashion startups developed by Galeries Lafayette Group. “We are very pleased to welcome Richemont as one of […]

Two Swedish giants are growing closer: Interogo Holding AC, an investment company linked to Ikea, has bought a 190 million US dollar stake in Hennes & Mauritz (H&M), according to news agency Bloomberg. Interogo didn’t previously own any shares in the fast fashion company. The acquisition of the 0.6 […]

Dozens of female garment workers in Myanmar’s biggest city Yangon were attacked by assailants wielding iron bars on Monday. Hundreds of garment workers at Fu Yuen Garment Co. Ltd., which produced ready-made garments for German discounter Lidl and up until April this year for British fashion brand Joules, […]

H&M Group is rethinking its new Millennial-focused brand, /Nyden, just six months after its launch. First intended to be an independent label, /Nyden has been integrated into H&M’s website this week, following the dismissal of founder, CEO and creative director Oscar Olsson in July. The company said […]

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Roberto Compagno, president and CEO of smart casual clothing company Slowear, the brand known for its Incotex, Zanone, Montedoro and Glanshirt brands, has announced a long-term partnership agreement with NUO Capital, which is acquiring a minority stake in the company. NUO's resources, skills and knowledge […]

Shanghai-based Icicle Fashion Group has announced the acquisition of struggling French fashion label Carven. The Chinese company, which saw a retail turnover of 178 million pounds (235 million US dollars) last year, issued a statement today saying it intends to “relaunch and redeploy” the Carven brand […]

London - Premium British cycling apparel brand Le Col has raised 2.35 million pounds from Puma Private Equity to fuel further growth, with the opportunity to increase the investment to 3.5 million pounds. Founded in 2011 by ex-professional cyclist Yanto Barker, the London-based Le Col has become known […]

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