New York – Plus-size womenswear retailer the Avenue announced earlier this month it will close its 222 stores nationwide. As explained in a corporate release issued by the retailer’s designated liquidation advisers - Hilco Merchant Resources – the fashion company will shut all its stores across 33 states. […]

Notonthehighstreet, the curated online marketplace, has appointed Claire Davenport as its new chief executive officer. Davenport, the former chief executive of HelloFresh UK, will succeed Barrie Seidenberg, who has led Notonthehighstreet as chief executive since April 2018. Seidenberg was diagnosed […]

Total sales at John Lewis for the week ending August 17, 2019, were down 2.8 percent on the same week last year. The company said in a statement that fashion sales were also down 4.3 percent. However, sales of women's accessories were up 3.1 percent with premium accessories performing particularly well, […]

Tendam, having brands such as Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty under its portfolio is said to be considering going public. According to a report by CincoDías, the company may launch the initial public offering (IPO) in 2020. The report added quoting industry sources that […]

Tailored Brands, Inc. has announced the sale of its corporate apparel business to a group led by the existing corporate apparel U.K. executive team for total cash consideration of 62 million dollars. For the second quarter, the company expects to report net sales in the range of 787 to 789 million dollars, […]

Monsoon Accessorize CEO Paul Allen has stepped down a month after creditors backed plans for the company to seek rent cuts in 135 of its 258 leased stores as part of a Company Voluntary Arrangement (CVA). Allen spent 6 years at the business, initially as finance director before making his way to the […]

New York – H&M announced Monday it is partnering up with India’s e-commerce giant Myntra to tap into the exploding Indian online market. H&M launched its dedicated Indian e-commerce site last year which, according to Fredrik Olsson, managing director at H&M, already generates over 15 percent […]

New York - West Africa's largest clothing manufacturer, DTRT Apparel Ltd (DTRT), has announced a major investment from investment firm Verod Capital Management and Red Bull GmbH. The amount remains private. Verod Capital is investing alongside a major strategic investor, Red Bull, which will be an anchor […]

New York - Vuori, a, California-based performance apparel brand, has received a 45 million dollars growth equity investment from Norwest Venture Partners. Jon Kossow, Managing Partner at Norwest, will join Vuori’s board of directors as part of the deal. The company intends to use the funds to continue […]

New York – The fashion and apparel industry in China continues to thrive despite the current tensions with USA taking a toll in the export-import trade between the two economies. ‘China Investment Bank Club’ has published its China’s Richest Report 2019: 51 of them owe their position to their fashion […]