The South Korean group has acquired the Italian sportswear brand for $65 million from US investment funds Twin Lakes Capital and B. Riley Principal Investments.
It’s a first for both McArthurGlen Designer Outlets and fashion rental platform By Rotation. The pair have come together to open a 10-day pop-up store at the Cheshire Oaks Designer Outlet this month.
In a further sign of businesses trying to control spiralling costs, Boohoo has now begun charging shoppers for returns. The online fast-fashion giant has discontinued its free returns system.
JD Sports has drawn up plans to build a new head office in Greater Manchester with space for 2,000 employees. Land in Pilsworth, Bury, has been earmarked for the scheme, next to its current headquarters
True to its London expansion schedule, French fashion and lifestyle brand IKKS Paris has opened its second store on the King’s Road. The new store carries its menswear, womenswear and junior lines.
Fashion e-tailer I Saw It First has launched an all-new conscious collection of loungewear made from sustainable cotton.
Bazaarvoice’s Influenster has launched a new mobile app to match shoppers with brands “seeking honest feedback on their products through authentic reviews, photos, and videos”.
Moss Bros has launched a collab that syncs perfectly with its tailoring speciality, linking with Peaky Blinders: The Rise, “an immersive show that places audiences in the heart of one of the most popular TV series”.
Adidas Spezial and former Oasis frontman-turned-fashion-entrepreneur Liam Gallagher are preparing for the launch on 22 July of their new collab sneaker, the LG2 SPZL.
Versace has released its ad campaign imagery for the AW22 season with British-American actress Lily James taking a starring role.
The sale process for upscale British heritage brand Gieves & Hawkes has begun following the earlier liquidation of its Hong Kong parent company, Trinity Group. FTI Consulting is running the process.
Global fashion shopping search engine and app Lyst has announced that its founder and CEO Chris Morton is becoming Executive Chairman and will focus exclusively on strategy, partnerships and financing initiatives.
Spain’s Mango is ramping up its expansion plans in Europe and this week has announced key initiatives in both Belgium and Austria.
Columbia Sportswear Company announced on Tuesday the appointment of Christiana Smith Shi to its board of directors as a director and as a member of its audit committee, effective July 8.
Designer Brands on Tuesday announced an investment in and licensing agreement with Le Tigre 360 Global, operator of Le Tigre, as the footwear firm looks to build its portfolio and double sales of 'owned brands' by 2026.
