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DigiDirect buys Mwave after parent collapses

Inside Retail

Founded in 2006, Mwave has become one of the major players in the consumer technology arena. The business is best known for its large range of PC and gaming hardware and accessories. The DigiDirect Group has acquired online technology retailer Mwave after the latter’s parent company, Esel, entered voluntary administration.

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UNIQLO Sibling Brand GU to Test North American Market With NYC Pop-Up

Retail TouchPoints

The 2,900-square-foot ground floor space will be GU’s first store outside Asia and will offer a selection of on-trend clothing and accessories for men and women. Launched in 2006, the company currently operates 450 locations. “It UNIQLO parent Fast Retailing will open its first GU retail store in the U.S. in a statement.

Marketing 317
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Estée Lauder to Acquire TOM FORD in $2.8B Deal

Retail TouchPoints

Zegna also will hold the license for TOM FORD accessories and underwear. . ELC had entered into a licensing deal to produce the luxury brand’s beauty products in 2006 with luxury fragrance, skincare and makeup categories. ELC will pay $2.3 Marcolin will pay $250 million to ELC when the deal closes.

Fashion 261
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How True Religion aims to be the latest Y2K-era brand to make a comeback

Inside Retail

Michael Buckley, True Religion’s president from 2006 to 2010 and its CEO as of 2019, has previously stated, “This consumer wants a deal. Today’s, True Religion shopper has an average household income of $65,000 and is much more cost-conscious. They’re not paying full price. What does that mean exactly?

Fashion 130
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Tapestry Gives Interim CEO the Job on a Permanent Basis

Retail TouchPoints

Luxury accessories and lifestyle brand Tapestry has appointed Joanne Crevoiserat as CEO, effective immediately. Additionally, Crevoiserat will be named a member of the Tapestry Board of Directors; Susan Kropf, an independent member of Tapestry’s Board of Directors since June 2006, will continue to serve as Chair of the Board.

Finance 218
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Ethical fashion label Arnsdorf closes

Inside Retail

” Arnott founded Arnsdorf in 2006 and established a following across Australia, North America, and Europe. . “Personally, I feel like there is still so much to do, explore, and experience for me to live fully aligned with my highest potential,” Arnsdorf founder and designer Jade Sarita Arnott said in an Instagram post.

Fashion 256
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Forever New signs three-store deal in Kuwait

Inside Retail

Founded in Melbourne in 2006, the brand is known for its wearable and timeless collections that celebrate modern femininity, with over 400 retail and concession stores globally and over 30 million visitors to its websites each year. The collaboration will also expand Forever New’s online presence to 6thStreet.com in the UAE.

Apparel 264