KMD Brands sales up double-digits on pre-Covid levels KMD Brands announced on Wednesday revenues for the first quarter surged 62%, on the back of the removal of Australasian lockdowns and a return to more normal trading during the three months ending…
Wolverine to divest Keds, leathers business; reveals layoffs WolverineKeds The Rockford, Michigan-based company said it had started aworkforce reduction earlier this week, which it expects to result in approximately$30 millionin savings in 2023. I failed to specify how many workers…
Eloquii acquired by FullBeauty Brands FullBeauty Brands announced on Friday it has agreed to acquire plus-size fashion brand Eloquii Inc. from Walmart. Terms of the sale were not disclosed. Eloquii The New York-based plus-size company said the acquisition of Eloquii…
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…
Herno’s Claudio Marenzi steps aside, Gabriele Baldinotti named new CEO Translated by Nicola Mira Italian luxury outerwear label Herno has made a major change of management. Boss Claudio Marenzi Claudio Marenzi Baldinotti was one of the architects of Herno’s relaunch…
New owners prepare for Matalan takeover as founder’s final bid fails Matalan Matalan His fate was sealed as a group of the company’s lenders agreed a debt for equity swap. That move — which had been expected — comes after…
H&M profit gets Q1 Sellpy boost, says womenswear, COS and Arket are strong H&M H&M Operating profit rose to SEK725 million (€65m/£58m/£69m) from SEK458 million, corresponding to an operating margin of 1.3%, up from 0.9%. It had been expected to…
Odlo drops collaboration with Burton Snowboards Translated by Nicola Mira Sportswear brand OdloBurton The Odlo x Burton Snowboards collection The Slokar range is made with Odlo Performance Wool fabric, which blends natural merino wool and synthetic fibres to meet the…
India, Bangladesh outperform China in footwear supply to U.S. By Fibre2Fashion India and Bangladesh surpassed China in footwear supply to the U.S. In 2022, U.S. footwear imports from China did not reach the levels achieved in 2018. However, imports from…
Go Sport: the French court will examine the options of continuation or sale on April 18 Translated by Cassidy STEPHENS On March 15, the Grenoble Commercial Court handed down several decisions concerning the receivership of Go SportIntersport FNW As part…
