Private equity firm Brait said on Friday that it had completed its acquisition of 90 percent of UK fashion retailer New Look for 780 million pounds. The founders and management of the British retailer had purchased the remainder. South African billionaire Christo Wiese’s Brait said in a statement that […]

Two US professors put the blame on retailers for cut-throat prices and stiff competition among garment manufacturers, showing how drastically apparel prices have fallen in the US in the last few years and how retailers are taking the major share of the profit. “The retailers can squeeze the prices as […]

REPORT Pentland Group results for the year ended December 31, 2014 reflected the continued international development of Pentland’s portfolio of brands in sports, outdoor and fashion, and another strong performance from the core fascias of JD Sports Fashion, in which Pentland Group is the majority shareholder. […]

ANALYSISEver strong dollar is making things expensive for H&M, as the Swedish retailer warned earlier this week it expects the strong American currency to translate into rising sourcing costs throughout the year after it hurt second-quarter profits. The world's second-biggest fashion retailer, said […]

REPORT For its fourth quarter ended May 31, 2015, Nike reported diluted earnings per share increased 26 percent and fiscal 2015 diluted earnings per share rose 25 percent to 3.70 dollars, reflecting 10 percent revenue growth. Group revenues rose 5 percent to 7.8 billion dollars, up 13 percent on a currency-neutral […]

French investment fund LBO has got the green lights to move on with the acquisition of fashion brand IKKS. The European Court of Competence approved the transaction on June 17. The European Commission said on June 17 that it had given the green light to the acquisition of ready-to-wear fashion group […]

The Gores Group, Los Angeles-based equity firm, announced that it will sell clothing company Big Strike Inc. to Arlington Global Financial Limited. The Gores Group acquired the lifestyle clothing company four years ago. The global investment firm, led by Alec Gores, was in possession of more than 70 […]

According to World Bank estimates, Nigeria's textile and garment industry loses billions of US dollars in garments and textiles each year because of cheap imports that are smuggled into the country. Local production has dropped to a mere 40 million US dollars annually. The cheap imports, particularly […]

Debenhams, in its trading update for the 15 weeks and the 41 weeks to June 13, 2015, said that in the 15 week period, group gross transaction value rose by 0.4 percent, taking the cumulative year-on-year performance to growth of 1.7 percent. Online sales delivered continuing positive momentum during […]

REPORT For the first half-year period from December 1, 2014 to May 31, 2015, well-received collections for all brands in the H&M group resulted in good sales and increased market share. The H&M group’s sales excluding VAT increased by 23 percent to 86,143 million Swedish Krona (10,462 million dollars) […]

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