With the UK suffering an almost-unprecedented wave of fashion retail failures, the footwear sector appears to be particularly vulnerable and news has come that another small-to-medium-sized business has gone under.
Film Fashion, the boutique division of global marketing and PR agency Rogers & Cowan, said Thursday that it will merge into R&C’s London-based entertainment marketing, partnerships and talent agency ITB Worldwide.
Having hit 1 billion euros in revenues and accomplished its objective of 13% growth in 2018, despite a slow-down at the end of the year, 2019 could well be the year that SMCP looks to acquire a new brand.
A report from the NPD Group has identified an increase of almost 50% in online luxury sales in the US over the last few years, with the growing shopping trend proving to be particularly popular among millennial women.
Amazon on Thursday forecast first-quarter sales below Wall Street estimates as new regulations in India created uncertainty around one of its key growth markets, even as the online retailer reported record holiday sales.
China’s Shandong Ruyi is continuing its growth-through-acquisition strategy with the textile and apparel conglomerate saying it has finally completed its acquisition of Invista’s Apparel & Advanced Textiles business.