China’s Shein reportedly set to raise $2 bln, eyes US IPO later this year By Reuters Chinese online fashion retailer Shein UAE’s sovereign wealth fund Mubadala is a major investor in this round as are existing investors, private equity firm…
Jacob Cohën appoints Matthew Adams Dolan as head of women’s collections Translated by Cassidy STEPHENS Jacob Cohën has entrusted its women’s collections to Matthew Adams Dolan. The Italian premium denim specialist, which has been investing in its women’s line for…
Kontoor Brands finishes 2022 strong with Q4 earnings, sales uptick Kontoor Brands announced on Tuesday a strong finish in 2022, with fourth-quarter sales and earnings lifting on the back of surging U.S. sales and gains in the company’s Wrangler The…
Under Armour boosts profit forecast as discounts spur demand By Reuters Under Armour Under Armour Increased promotions offered during the all-important holiday season encouraged customers to look past recession worries and stock up on its athletic shoes and hoodies. Steep…
69% US consumers willing to pay more for sustainable products By Fibre2Fashion Consumers in the US remain invested in eco-conscious practices, according to a survey from Blue Yonder, a digital supply chain company. The results show that an impressive 69%…
Tendam to propose a further capital reduction of 17 million euros to its shareholders Translated by Roberta HERRERA Tendam is working on a new capital reduction amounting to 17 million euros. To this end, the board of directors of Tendam…
Ralph Lauren launches Cradle to Cradle certified sweater, recycling program Ralph Lauren Ralph Lauren launches Cradle to Cradle certified sweater, recycling program. – Ralph Lauren The crewneck sweater launches through Ralph Lauren’s Men’s Purple Label and Women’s Collection brands, and…
THG’s share price surges after Apollo bid approach Shares in under-pressure UK online beauty e-tailer and e-commerce services provider THG leapt 40% at one point on Monday after it released news of an early-stage takeover approach from US private equity…
Dick’s Sporting Goods names new EVP, stores Dick’s Sporting Goods announced that Ray Sliva will join the company as executive vice president, stores, effective January 3, 2023. Dick’s Sporting Goods names Ray Sliva EVP of Stores. – Dick’s Sporting Goods…
Elite World Group appoints Michelle-Marie Heinemann Scaglia as director Translated by Cassidy STEPHENS Elite World Group is expanding its board of directors to three members, with the arrival of entrepreneur Michelle-Marie Heinemann Scaglia as a new director on Wednesday April…
