Chinese group Fosun International Limited has announced an increase in its stake in German lifestyle clothing company Tom Tailor Holding AG. Fosun sees the additional investment as a way to strengthen its position as a long-term strategic anchor investor in the company. The Chinese group therefore owns […]

Shares at Sports Direct took a 15 percent dip at the market close Friday after the retailer issued a profit warning based on poor trading over the holiday season. Mike Ashley’s owned retailer said it had seen a "deterioration of trading conditions on the high street and a continuation of the unseasonal […]

The CEO of Chinese internet giant Alibaba, Daniel Zhang, has revealed the company's expansion plans for 2016 and spoke of a "three-pronged strategy", which includes targeting first-tier cities in China and promoting e-commerce among rural Chinese and globally through international e-commerce websites. […]

Los Angeles - Footwear and activewear brand Nike is officially suing competitor footwear company Skechers. On January 4, Nike filed a lawsuit claiming that Skechers infringed on some of their designs. The lawsuit included 14-pages which also documented exhibits spanning over 168 pages. The two designs […]

Los Angeles - A 200 million dollar bid is now out for American Apparel. After undergoing numerous ups and downs for 2015, the SoCal retailer received a possible offer from an undisclosed source. As the company recently announced that they would be seeking a 90-day extension for their bankruptcy filing, […]

British high street retailer French Connection has sold a 5.16 percent stake to the son of the founder of homeware Dunelm Group, Will Adderley, for an undisclosed sum. The acquisition, which was completed on January 7, was carried out via Adderley investment vehicle WA Capital. The sale comes not long […]

American Eagle Outfitters has said that fourth quarter comparable sales to date have increased 4 percent. The company continues to expect fourth quarter EPS to be in the range of 0.40 dollar to 0.42 dollar per diluted share, compared to EPS from continuing operations of 0.36 dollar last year. “Despite […]

Online womenswear retailer Atterley has entered administration and ceased trading after its parent company, Maison Seven, was placed into administration earlier this week. Atterley, formerly known as Atterley Road, is currently under the management of court appointed administrators from KPMG insolvency […]

Blue Inc, has filed a notice at the High Court to appoint Leonard Curtis as administrators to A.Levy & Son Limited, one of its subsidiaries. Additionally, the British retail group has announced its restructuring plans. The company has filed a notice at the High Court to appoint Leonard Curtis as administrators […]

British homewares, furnishing and fashion brand Laura Ashley has called in administrators to take care of Laura Ashley Australia. The company will continue trading for the time being. As reported by local media, Laura Ashley director Daryl Chait has appointed FTI Consulting to administer the ailing […]

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