The French brand with 95 stores (fashion, house, and bazaar) has fallen into the pocket of another low cost player -- British group B&M.
John Lewis has released its annual report on what Britons have shopped in the last year and it shows a country opting for brighter, bolder colours, embracing leopard, jumpsuits, Love Island and vegan beauty products.
U.S. healthcare conglomerate Johnson & Johnson said on Tuesday it is acquiring all outstanding shares of Japanese cosmetics firm Ci:z Holdings Co Ltd that it does not already own for 230 billion yen (£1.6 billion).
Piper Jaffray has released the results of its 36th “Taking Stock With Teens” study, showing that Gen-Z girls are now spending three times more on beauty than accessories, while streetwear still dominates apparel trends.
A Greek court has rejected an injunction filed by jewellery maker Folli Follie for temporary protection of its assets from creditors, according to a court document seen by Reuters.
PayPal Inc Holdings Inc has made a strategic investment in Tala, a financial technology startup that lends to underserved consumers in emerging markets, the companies said on Monday.
According to the financial press, the French brand, owned by LBO France since 2015, looks to have reached an agreement with its creditors, in the form of a deal by which they would become the label's new owners.
The apparel group announced on Monday that it has completed its transaction with founder and former chairman George Feldenkreis, who has taken the company private at a price of $27.50 per share.
Christos Angelides’ strategy for upmarket fashion company Reiss seems to be paying off, with the company posting a 6.7% in like-for-like sales for the six months to August.
The Spanish label is forecasting a revenue of €64 million at the end of the 2018 financial year, and has acquired stakes in womenswear brand Jorge Vázquez and bridal wear label Victoria.
Turnover declined and losses have widened at UK shirtmaker Thomas Pink as the business prepared for a complete relaunch of the brand to elevate its product offering and positioning.
Superdry co-founder Julian Dunkerton said at the weekend that the company is on the wrong path, also suggesting that he won’t stay quiet if the situation continues to deteriorate after the recent profit warning.
Dr Martens was upbeat on Monday, reporting "progress against all strategic priorities as the power of the brand continues to achieve strong and sustainable, global growth.”
Debenhams is gearing up for a raft of store closures with the firm’s target of saving £100 million meaning more than 50 stores could shut.
Rallye, the holding company that controls French supermarket retailer Casino, has received an offer for its 'Courir' sports brand, with both companies keen to sell assets and trim debts.
