Things aren't looking pretty for Neiman Marcus. Business of Fashion has reported that Marble Ridge Capital LP said in a letter to Neiman Marcus Group Ltd LLC that the luxury department store company may be in default on its debt after it moved its MyTheresa business into an entity belonging to the retailer's […]

Alibaba founder Jack Ma said his ambitious pledge to create one million jobs in the US had been scuppered by the trade row between Beijing and Washington, Chinese state news reported Thursday. The billionaire owner of China's largest online shopping portal made the headline-grabbing promise to Donald […]

Orla Kiely, the designer label known for its retro prints across fashion and homeware products, has announced that its retail and wholesale fashion business has ceased trading as of Monday, September 17, after its parent company Kiely Rowan Plc called in administrators. On the retailer’s website it […]

The Competition and Markets Authority (CMA) in the United Kingdom confirmed Wednesday that the proposed merger between J Sainsbury plc and Asda Group Ltd. is being referred for an in-depth Phase 2 investigation. CMA noted that the deal raises sufficient concerns through its Phase 1 investigation for […]

The leading payment provider Klarna Bank AB has confirmed that it is acquiring Close Brothers Retail Finance (CBRF) to “significantly strengthen” its position in the UK market for retail financing and to enable it to accelerated growth and expansion of its consumer offering. Michael Rouse, chief commercial […]

Amazon has recently filed a series of new trademarks that indicate they are positioning themselves to launch more private label brands. Retail Dive reported that, an application for the trademark name "League of Outstanding Kids" for "clothing, footwear, headgear," was filed on September 9, and is one […]

When Nike cast former NFL quarterback Colin Kaepernick in their recent campaign, the controversy couldn't have followed any faster with people burning their Nike sneakers and apparel. Kaepernick's activism both on and off the field regarding civil rights and ending police brutality made him a point […]

Legendary French fashion house Chanel said Friday it had moved staff from New York to its global hub in London, a welcome change for the British capital which has been under threat of companies pulling out because of Brexit. Chanel, founded 110 years ago by Coco Chanel, said it had decided recently […]

New York-based AlgiKnit is one of the winning startups in the 2018 Postcode Lottery Green Challenge, the annual competition which supports starting entrepreneurs contributing to a greener world. Founded by 26 year old Tessa Callaghan, the company was awarded with 100,000 euros (approximately 116,000 […]

The minimum wage for Bangladeshi garment workers will rise by 51 percent from December, the country’s Ministry for Labor and Employment is quoted by Reuters as saying. According to the news agency, the new minimum wage has been set at 8,000 taka (approximately 95 dollars) a month, up from 5,300 taka […]