Mike Ashley’s Sports Direct is reportedly set to close its packing facility in Wigan, Greater Manchester on June 13, resulting in 300 job losses. Workers from the Wigan warehouse were informed of the news on Monday, according to the Guardian, with a source telling the British news publication that the […]

Margiela owner Only The Brave, best known as OTB, is looking to acquire some new brands as the company's cash flow is growing. Business of Style has reported that the company is looking to invest 200 million euros over the next three years, most likely acquiring other brands. In addition to Maison […]

All the speculation that someone was trying to buy Moncler was put to rest this morning by the Financial Times who reported that no one has asked to buy Moncler, with their CEO, Remo Ruffini, saying he would like to see what happens with the company in the next three or four years. “It would seem to […]

Sportswear brand Asics has reopened applications for its Tenkan-Ten global growth catalyst programme to help sports and wellbeing start-ups reach their full potential. The accelerator programme returns for a second year in partnership with IESE Business School and is looking for growth stage start-ups […]

British sports retailer JD Sports has received backing by shareholders to press ahead with its 90 million pound takeover bid of smaller rival Footasylum. In a statement released on Friday, JD Sports said it received acceptance for its 82.5 pence per share offer by 92 percent of shareholders, adding […]

Bonmarché has said that a takeover bid made by Edinburgh Woollen Mill owner Philip Day “materially undervalues" the retailer and "its future prospects.” Earlier in April, Day bought a 52.4 percent stake in the retailer via his Dubai-based investment vehicle, Spectre, triggering a mandatory takeover […]

LK Bennett’s Chinese franchise partner Byland UK has bought the British fashion and accessories brand for an undisclosed sum after it fell into administration in March. Rebecca Feng, who runs Byland UK, bought the UK, Irish and wholesale division of the company late on Thursday, following weeks of speculation […]

Eterna Style Holding GmbH, for the financial year 2018, increased revenues by 0.7 percent to 105.1 million euros (118.5 million dollars). The company said in a statement that the company’s domestic business in Germany improved 1 percent, while its export business declined by 0.2 percent. Commenting […]

Sustainability seems to be the redemption song nowadays that is turning from a mere buzzword into a flourishing movement. In view of the growing knowledge also among consumers that the fashion industry is most likely the second most polluting industry on the planet, any and every responsible step taken […]

Dr Martens owner and private equity firm Permira is reportedly planning to sell the British heritage footwear brand or float it on the US stock market. According to Sky News, Permira is preparing to hire bankers to oversee a review of its options for the company just six years after it bought it from […]

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