Payless ShoeSource Inc settled a dispute with its creditors on Tuesday, after creditors alleged that the company's private equity owners inappropriately siphoned off $400 million before the U.S. retailer's bankruptcy.
After Amazon.com Inc completes its takeover of Whole Foods, it might launch another brand with different standards, the grocery chain's chief executive said in remarks reported in a securities filing on Monday.
The direct-to-consumer brand offering Italian-made handmade luxury accessories has attracted the support of BaubleBar and Etsy investor BurdaPrincipal Investments. M.Gemi's total funding increases to $47.2 million.
We’ve become used to hearing about LVMH, L’Oréal and Estée Lauder buying trailblazing make-up brands so it’s quite a surprise to hear that Anglo-Dutch consumer products giant Unilever has thrown its hat into the ring.
N Brown was upbeat Tuesday as its womenswear and plus-size brands powered on, despite a weak environment, and its online operations soared. But its US business is a work in progress and will get more marketing spend.
Yves Saint Laurent, French luxury group Kering's second-biggest brand, expects to nearly double revenue in three to five years while boosting profits, adding to its recent strong growth, the company said on Monday.
LK Bennett has seen some challenges of late but the fashion retailer believes its turnaround is on track, despite more red ink last year. E-sales are surging at home and in the US and it's opening stores in new markets.
Apax Partners seems to be the frontrunner to buy fashion and GM e-tail giant Shop Direct, yet it’s still not a one-horse race with US private equity firm Hellman and Friedman also reported to have entered the fray.
It was a tough year for Bonmarché as the weather, too much casualwear, too little newness and a reliance on China for supplies hurt its ability to react to trends, even if its target customer is not trend-obsessed,