The owner of Tommy Hilfiger and Calvin Klein is focusing on its flagship labels and has sold its heritage brands for $220 million, in a deal that has made Authentic Brands (ABG) a specialist in formal American menswear.
Joules seems happy with its progress in the year to the end of May, despite the pandemic. It saw continued strong digital momentum and said that since reopening in April, store sales have been ahead of expectations.
The fast-growing UK-based athletic wear brand has announced that it will open its first U.S. distribution center in Rialto, California, in July 2021 – the next step in its ongoing expansion plans for North America.
Amazon.com Inc's Prime Day saw strong online sales growth in the United States on Monday even as supply chain snafus and a robust spending appetite limited the level of discounts on popular products like electronics.
This is big in the realms of underwear. Adidas has signed Delta Galil to design, manufacture and distribute men’s and women’s intimates collections under its Badge of Sport and Originals labels, launching in spring 2022.
LVMH continues to join with partners to accelerate growth post-pandemic, and after last week’s LVMH-Google Cloud news comes its luxury beauty giant Sephora forging a long-term strategic partnership with Zalando.
The French luxury group, which previously held 67% of the Italian brand, has purchased the remaining 33% from Laudomia Pucci, who is stepping down from her role as vice president and image director at the house.
Investors in Gemfields, the parent of high-end jeweller Fabergé, are unhappy. The gem producer and brand owner can expect a backlash over executive bonuses and the lack of transparency in its bonus scheme.