After filing for bankruptcy earlier this month Brooks Brothers has reached an agreement for sale with multi-brand platform SPARC Group LLC. A motion has been filed with the United States Bankruptcy Court for the District of Delaware to attain approval for the sale of Brooks Brothers' assets for 305 […]

Ascena Retail Group Inc, the parent company of Ann Taylor, Loft, and Lane Bryant, is seeking a 150 million dollar loan from its creditors to keep the company functioning during their bankruptcy filing. Ascena is working on a restructuring plan that will also allow creditors to install new board members. […]

Employees at Amazon-owned Whole Foods filed a lawsuit against the grocery chain alleging punishment for wearing Black Lives Matter or BLM masks. The lawsuit, filed in federal court in Boston by Whole Foods workers in Cambridge, accuses that the company fired one employee and disciplined around 40 others […]

Yoox Net-a-Porter Group and Armani have announced a new strategic development in their 20-year relationship for what they are calling a new “distribution model for the future” by developing the ‘Next Era’ omnichannel business model. The new strategic phase, in place until 2025, will see both companies […]

Swiss watch exports plunged again in June, an industry body said on Tuesday, though there were early signs of a potential uptick thanks to renewed demand from China. In April, exports plummeted by an annualised 81.3 percent, and were followed in May by an impressive decline of 67.9 percent as global […]

Kanye West, the controversial rapper and fashion entrepreneur, said in a Tweet he will walk away from his lucrative deals with Gap and Adidas if he is not appointed to the board of both brands. Shares in Gap fell by 6 percent on Monday, despite the company aiming to grow sales with West’s Yeezy brand […]

California-born board sports brand Volcom, owned by Authentic Brands Group, is targeting expansion in China after signing a partnership with the China Ting Group, a leading China-based lifestyle company specialising in retail development and brand building. Through this partnership, the China Ting Group […]

In 2018, Neiman Marcus Group, owned by Ares, completed a transaction that moved MyTheresa, the German luxury e-tailer it acquired in 2014, out of its debt structure. The transaction proved very controversial as creditors began filing lawsuits saying that Ares did this to keep creditors away from the […]

As we hear of more countries throughout the world coming out of lockdown, retailers are faced with new challenges as they cope to resume operations in this “new normal”. Supermarkets, convenience stores and other retailers of daily necessities that remained open during the outbreak have […]

What was already apparent in May continued in June as well: The fashion industry has recognised the importance of its sustainability efforts - commercially and for the sake of the environment - and even after Corona, fashion companies are making them a part of their budgets. The industry also seems […]

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