The American women's clothing retailer has agreed to sell a majority interest in its subsidiary, Maurices, to an affiliate of private equity firm OpCapita LLP, as part of its review to enhance shareholder value.
Tommy Hilfiger has closed its global Fifth Avenue flagship in Manhattan and will close its Miami store on Collins Avenue, as the American label reshapes itself to gain ground in an increasingly digital era of commerce.
American fashion label Badgley Mischka is set to launch its first luxury luggage collection with the intention of reaching a wider and younger audience, featuring three sizes of luggage in multiple patterns and colors.
The war of words between Sports Direct and Debenhams heated up on Monday as Sports Direct delivered strong criticism of Debenhams' board at 7am, later coming back with a shock announcement that it could make a full bid.
Tencent shareholder Naspers plans to float a portion of its e-commerce ventures on Euronext in Amsterdam, a move South Africa’s biggest company said on Monday will create a $140 billion European internet giant.
Neiman Marcus Group Ltd said on Monday it had reached an agreement with a majority of its lenders to extend the maturities of its debt by three years to help the luxury retailer turn around its business.
On Monday, France’s Secretary of State for Digital Affairs, Mouni Mahjoubi, castigated Amazon for not being among the signatories of the code of conduct for e-tailers and the SMEs selling products on their sites.
French label The Kooples, currently in negotiations for a possible take-over by Swiss group Maus Frères, has unveiled a new collaboration with Puma, featuring sneakers and, for the first time, sportswear.