Apr 26, 2024 Last Updated 02:25 AM EDT

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Fashion/Clothing

Hugo Boss Is Finally Leaving Russia After the German Fashion House Agrees to Sell Russian Business to Stockmann

German fashion house Hugo Boss announced Wednesday that it had agreed to sell its Russian operations to wholesale partner Stockmann, marking the end of its presence in Russia.

FTC Sues to Block $8.5 Billion Merger of Coach and Michael Kors Handbag Makers

The Federal Trade Commission (FTC) has taken legal action to block Tapestry's $8.5 billion acquisition of Capri Holdings Limited, the parent company of Michael Kors...

FTC Sues to Block Tapestry's $8.5 Billion Takeover of Capri Holdings in Massive Luxury Fashion Merge

The Federal Trade Commission filed a lawsuit on Monday to halt Tapestry Inc.'s $8.5 billion acquisition of Capri Holdings, which would unite the Coach, Kate Spade, and Michael Kors brands...

Clothing Retailer Express to Shutter Over 100 Outlets as It Declares Bankruptcy

US multi-brand clothes retailer Express Inc. filed for Chapter 11 bankruptcy and will close over 100 stores...

Nike Set to Layoff 740 Employees in Oregon Headquarters in Second Phase of Job Cuts

Nike said in February that it will slash 2% of its global staff as par...

Lululemon Announces Closure of Washington Distribution Facility and Reduction of 128 Jobs

Lululemon announced that it will close its Washington distribution fac...

Latest News

Jos. A. Bank Clothiers Inc's board asks stakeholders to refuse $1.6B Men's Wearhouse Inc hostile bid
Shareholders were asked by the Jos. A. Bank Clothier's Inc board to refuse a hostile bid amounting to $1.61 billion from Men's Wearhouse, Reuters reported.
Neiman Marcus Department store chain given two weeks to answer to data breach
Dallas-based Neiman Marcus Group Ltd was given two weeks by Florida Attorney General Pam Bondi to answer questions about the cyber breach that happened during the holiday rush, Bloomberg reported.
Rhode Island's Teespring raises $20M to sell custom T-shirts
Rhode Island, US-based startup Teespring has raised $20 million in its first round of funding led by Andreessen Horowitz to sell custom and pre-ordered T-shirts for a cause.
Brookstone Co engages services of Jefferies Group, K&L Gates for debt restructuring- sources
To help it restructure its debt, retailer Brookstone Co has hired a financial adviser Jefferies Group and law firm K&L Gates, according to sources interviewed by Bloomberg.
US apparel retailer Aeropostale approaches private equity firms to explore exit -Bloomberg
New York, US-based clothes retailer Aeropostale Inc contacted private equity groups amid pressure from investors to sell itself, according to sources cited in a Bloomberg report.
US clothing firm Cherokee acquires Tony Hawk brand for $19M
Van Nuys, California-based apparel brand licensing firm Cherokee Inc acquired the Huntington Beach-based clothing brand of legendary skateboarder Tony Hawk in a deal valued at $19 million in cash.
Groupon grabs New York flash fashion site Ideeli in $43M cash deal
Chicago-based daily deals firm Groupon purchased New York-based flash fashion site Ideeli in a deal valued at $43 million in cash in a bid to compete with Amazon and other retail businesses.
UK retailer Sports Direct acquires 4.6pct stake in Debenhams
Sports Direct, the biggest sporting goods seller in the UK, picked up a 4.6% stake in London-based multinational retail chain Debenhams for an undisclosed sum.
Neiman Marcus Group says some customers' credit card data may have been stolen
Private equity-owned luxury retailer Neiman Marcus Group Inc said a cyber breach in the middle of December may have compromised some of its customer cards, Bloomberg reported.
Target Corp says data breach larger than initially believed, state prosecutors get probe underway
Target Corp said the cyber breach of its payment cards during the holiday shopping season was more extensive than what it had initially believed, Reuters reported.

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