Apr 25, 2024 Last Updated 19:16 PM 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

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
Moncler to price IPO at €10.20 per share
Italian ski wear maker Moncler intends to price its initial public offering at €10.20 per share, the top of its earlier indicated range. The deal will reportedly raise €585 million to €681 million.
Leonard Green picks up Lucky Brand Jeans for $225M
Private equity firm Leonard Green & Partners has agreed to purchase Los Angeles-based jeans retailer Lucky Brand Jeans from Fifth & Pacific Companies Inc for USD225 million.
Bain Capital buys majority stake in parka maker Canada Goose
Bain Capital, the U.S. private equity firm, has bought a majority stake in Canada Goose Inc, a family-owned company which had been seeking an investor to help it meet demand for its high-end cold-weat

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