Fashion group Shandong Ruyi’s creditors take full control of Lycra By Reuters U.S. fiber maker LycraShandong Ruyi Ruyi bought control of Lycra from U.S. conglomerate Koch Industries for $2.6 billion in 2019, borrowing about $1 billion for the deal –…
New owners prepare for Matalan takeover as founder’s final bid fails Matalan Matalan His fate was sealed as a group of the company’s lenders agreed a debt for equity swap. That move — which had been expected — comes after…
Yeezy Gap unveils ‘Engineered by Balenciaga’ collab YeezyGapBalenciaga Yeezy Gap unveils Engineered by Balenciaga collab. – Yeezy Gap Dubbed ‘Yeezy Gap Engineered by Balenciaga’, the brand dropped the first eight styles of a 25-piece collection reflecting timeless silhouettes translated through…
Launchmetrics promotes Margot Lasseigne to chief data officer Translated by Roberta HERRERA The specialist company in data analysis within the fashion, luxury, and beauty industries has solidified its team structure by appointing Margot Lasseigne to the newly created position of…
Shopify merchants seek AI boost for key sales decisions By Reuters API A week after e-commerce giant AmazonShopify Reuters Wall Street is expecting it to show revenue growth of 22.38% to $1.67 billion compared to last year, according to estimates…
Authentic partners with Kidz Concepts to launch Aéropostale Kids Authentic Brands GroupAéropostale, announced on Monday a strategic partnership with Kidz Concepts, to introduce a line for boys and girls in the United States under the Aéropostale brand. Authentic partners with…
Commercial court places Scotch & Soda France in receivership Translated by Cassidy STEPHENS The French operations of fashion brand Scotch & Soda were placed in receivership on November 2 by the Paris Commercial Court, at the request of Belgian group…
Deckers posts record Q2 sales growth on ‘exceptional’ Hoka, Ugg performance Deckers Brands announced on Thursday sales surged 24.7% to $1.092 billion for the second quarter, on the back of double-digit growth across all channels and markets, and ‘exceptional’ gains at its…
Now, this is what I call business formal. Salma Hayek Pinault shimmered like a gosh-darn shooting star in a three-piece gold suit on October 25, in a way that only she could. On anyone else, this ensemble could have veered…
Mango links with Boglioli for tailoring collab as retailer’s Man sales surge Spain’s Mango Mango x Boglioli The retailer said the collab helps it “reformulate its concept of tailoring by placing the focus on quality and design”. The first edition…
