Clothing firm Sunrise Brands LLC has bid for the e-commerce business and intellectual property of bankrupt U.S. retailer The Limited, challenging a $26.3 million offer from private equity firm Sycamore Partners.
The second half of 2016 proved to be a tough one for Laura Ashley as the firm faced a challenging backdrop leading to a profit warning Thursday. But it is upbeat and sees improvement ahead as it grows internationally.
Wal-Mart Stores Inc has acquired online outdoor clothing and gear retailer Moosejaw for $51 million in an all-cash deal, the company said on Wednesday, as it works to boost its competitive standing in U.S. e-commerce.
Lingerie brand Agent Provocateur could be facing a pre-pack administration that would allow it to be bought without being saddled with some of its liabilities, and a deal could be imminent, according to reports.
Kevin Plank issued a statement to the Baltimore Sun to clarify his comments about Donald Trump. Plank received backlash from the public and Under Armour athletes following his pro-Trump comments in early February.