Invertex, an Israeli fashion-tech company that delivers measure-to-fit footwear solutions, has announced the closing of 2 million dollars of seed funding. The round was led by Jerusalem-based equity crowdfunding VC OurCrowd through its OurCrowd First early stage fund. Permoda, an international leading […]

Retail's spring of discontent continues, with another company announcing a round of store closures. Rue 21, the trendy teen retailer, has confirmed via their Facebook page they will be closing hundreds of stores amid lender talks. Around 400 stores are expected to close, with 14 having already gone […]

With the four-year anniversary of the Rana Plaza disaster approaching in less than a week, the Alliance for Bangladesh Worker Safety (Alliance) reported at a press conference last week that 72 percent of repairs have been finished and that 71 factories have completed their Corrective Action Plans (CAPs). […]

US private equity group Carlyle Group has strengthened its position in Italian fashion brand Twinset by buying the remaining 10 percent stake from founder Simona Barbieri, to increase its stake from 90 percent to 100 percent. The Carlyle Group sees Twinset as a “key investment” in the European fashion […]

After being purchased by Mike Ashley, Agent Provocateur seems to be struggling in the U.S. The lingerie brand has officially filed for bankruptcy protection recently. In New York, Agent Provocateur filed for Chapter 11 bankruptcy protection as reported by WWD. Over a month ago, the company was purchased […]

PODCAST: In this monthly Fashion Friday podcast series directed by FashionUnited contributor Euromonitor International, Peder Kraugerud, an Industry Research at Euromonitor International, gives us a glance at the green beauty market in the Nordics. Naturally healthy and organic food and drinks have […]

London - PVH Corp has signed a licensing agreement with USA Legwear LLC to manufacture, sell distribute and promote women's hosiery and socks under the Warner's brand. Two of PVH subsidiaries are to offer socks, tights, leggings, as well as sheer hosiery items from Warner's, which will launch for Spring […]

Bebe recently has announced a mass amount of layoffs, following plans to shutter 21 stores this year. The Brisbane-based retailer has announced approximately 717 layoffs to be effective starting May 27. The layoffs were confirmed in a notice to the California Employment Development Department made by […]

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