Apr 25, 2024 Last Updated 09:23 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

Retailers get aggressive as holiday shopping nears but shoppers plan to spend less- report
Retailers are going to be ramping up efforts to lure buyers on the final weekend leading up to Christmas but shoppers intend to spend less, Reuters reported.
US online eyeglasses retailer Warby Parker scores $60M in Series C funding
New York-based online eyeglasses company Warby Parker has scored $60 million in a Series C funding round from its existing investors to beef up its customer support team.
Private equity firm Sycamore to acquire Jones Group for $2.2B including debt
Jones Group on Thursday announced that it will be bought by private equity firm Sycamore Partners for $2.2 billion, including the assumption of its debt. Sycamore valued Jones Group shares at $15 apie
Activist investor Clinton Group eyes takeover of teen apparel retailer Wet Seal
Hedge fund Clinton Group in a regulatory filing on Wednesday said that it is exploring an acquisition of California-based teen apparel retailer Wet Seal. The activist investor seeks to buy out Wet Sea
Moncler to raise a total of €784M in IPO after selling more shares
Italian clothier Moncler is expected to raise a total of about €784 million in its initial public offering after arranging banks Goldman Sachs Group, Bank of American Merrill Lynch and Mediobanca exer
Darty exits Turkish business to stem losses
Darty, the third-largest electricals retailer in the European region, had agreed to sell Darty Turkey to eliminate losses in non-core markets. Darty has responded to weak consumer spending and competi
ITOCHU invests in Hong Kong's ASF Limited
Tokyo, Japan-based firms ITOCHU Corp and ITOCHU Textile Prominent Ltd have finalized a deal with Fenix Group Holdings Ltd to invest in ASF Limited, an intermediate holding firm under the sponsorship o
Blackstone, CCMP, Investcorp are remaining bidders for Italy's Versace
Private equity firms Blackstone Group, CCMP Capital and Investcorp are the only remaining bidders for a minority stake in Italian fashion house Versace. Versace seeks to exit a 20% stake in the first
Discount chain Loehmann's files for bankruptcy
Loehmann's Holdings Inc., a seller of discounted designer goods from brands like Michael Kors and Calvin Klein, has filed for bankruptcy protection in the US Bankruptcy Court in Manhattan.
UK virtual fitting room startup Metail raises additional £2.6M
UK-based virtual fitting room firm Metail has received £2.6 million in additional funding as it prepares to move into a new headquarters in East London.

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Canada's Justin Trudeau Dismisses Doctors' Plea to Reconsider Capital Gains Tax Increase

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Biden Administration Announces New Federal Rules: Airlines Required to Automatically Give Refunds for Delayed, Canceled Flights

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

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

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