Due to the ongoing Chinese stocks generalised plunge, Alibaba Group Holding Ltd., is moving ahead with its 4 billion dollars’ worth of shares repurchase plan over two years. JD.com Inc. has authorised 1 billion dollars for the same purpose. The selloff that has pushed an index of U.S.-traded Chinese […]

REPORTRevenue for the first half year at Boohoo.com increased to 90.8 million pounds (137.7 million dollars), up 35 percent on the previous year. Growth in the UK was 30 percent, in line with the improved momentum witnessed in the first quarter of the year. “We are pleased to report a successful first […]

The investment bank Goldman Sachs has been commissioned by investment funds CVC, Permira, and Pai, current owners of Cortefiel, to seek a buyer for the Spanish fashion group. According to sources familiar with the matter, the sale price would be around 1,300 million euros, representing 13 times the […]

On Monday, The Yoox Group announced that the merger deed with Net-a-Porter had officially been signed, setting next October 5 as the official date for the new group to start trading. As Yoox advanced in an interview with ‘WWD’, the "merger would be effective subject to the registration of the deed with […]

British private equity firm Lion Capital, formerly the owner of Jimmy Choo, is reportedly considering a takeover of luxury shoe retailer Kurt Geiger. According to people familiar with the matter quoted by Sky New, Lion Capital, who along with a number of bidders presented initial offers on Monday, is […]

New York - Another day, another struggle for American Apparel. Last Friday, the New York Stock Exchange warned the L.A.-based retailer that they could be delisted. After the news was announced, the company's shares were off ten percent during after-hours trading to 15 cents for a market value of 28.20 […]

Many in the trade have raised their eyebrows when they heard that Bebe stores inc. has decided to venture into Greater China, Hong Kong, Macau and Taiwan. The first boutique is expected to open in the summer of 2016. “As we continue to expand our international footprint, our entrance into Greater China […]

Nike and Adidas beware - there’s a new sportswear brand on the block keen to take a bigger slice of the global sportswear pie, namely Under Armour. The Baltimore-based Under Armour already surpassed Adidas in the US in terms of apparel and footwear sales in 2014 and is predicted to become a runaway […]

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