Fashion/Clothing

Hermès Sued in Class Action Lawsuit Alleging Unfair Exclusivity Tactics in Birkin Bag Sales

Plaintiffs argue that Hermès restricts Birkin bag sales to high-volume buyers, violating antitrust laws.


Gucci Owner Kering Sees 14% Slump in Stock Price After Profit Warning Owing to Asia Sales Decline

Kering issued an unexpected profit warning due to plummeting Gucci sales in Asia, lowering its stock price by 14%...

TikTok Roasts Balenciaga's 'Absurd' $4,400 Luxury Bracelet Resembling Ordinary Sticky Tape

TikTok users had a blast mocking Balenciaga's $4,400 "luxury" bracelet, resembling a roll of sticky tape, unveiled during Paris Fashion Week...

Under Armour Founder Kevin Plank Reported to Return as CEO and the Company's Share Price Suddenly Jumped

Under Armour founder Kevin Plank is taking over as CEO of the sportswear company again...


Latest News

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.
Two investors vie for minority stake in Italian luxury brand Versace
Italy's state backed Fondo Strategico Italiano (FSI) and private equity firm CCMP Capital are leading the race to secure a minority stake in Italian luxury goods group Versace.
Sycamore to announce $1.2 billion Jones Group acquisition by next week - sources
According to one of the two sources who were knowledgeable of the process, private-equity firm Sycamore Partners might announce its $1.2 billion acquisition of Jones Group Inc as early as next week.
Russian investor AddVenture invests in e-store Nebo.ru and food startup Chefmarket.ru
Moscow, Russia-based fund AddVenture has invested $2 million in online jewelry seller Nebo.ru and an undisclosed amount in food delivery startup Chefmarket.ru for their marketing and expansion project
Sycamore Partners close to acquisition of Jones Group Inc- sources
Citing sources, Bloomberg reported that consumer and retail-focused private equity firm Sycamore Partners is nearing a deal for the acquisition of retailer Jones Group Inc.
JC Penney trims high-profile brands in favor of its own labels
JC Penney Co Inc CEO Mike Ullman told Reuters exclusively that the company is planning to dispose and trim some of its top name brands like Joe Fresh clothes and its own jcp menswear in order to focus
Men's Wearhouse Inc third quarter earnings increase as sales rise
The earnings of Men's Wearhouse Inc for the fiscal third had beaten analysts' estimates, driven by an increase in sales. The retailer turned the tables on Jos. A. Bank Clothiers with its own buyout of
Top deals of the day - bids, mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported on Wednesday, including Fortum, National Vision, Saipem, CTT, MTS, Southern Pacific, Warrnambool, Verbund, Bakkafrost, Popular and
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