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Hot on the heels of being named the Australian Fashion Laureates Emerging Designer of the Year, Gabriella Pereira this month opened the doors to the first physical retail concept this month for her label Beare Park. I studied maths and even went into finance after university, working with people and finding that dynamic environment exciting.
Industries such as fashion, for example, face significant customer stakeholder pressure as well as complex, decentralized supply chains with the heavy burden of Scope 3 emissions (approximately 96% of the sector’s total). This naturally engages more of the business model, from finance to IT to supply chain.
“We’re excited to unveil Adored by David’s, offering stunning, affordable dresses to help her embrace sustainability without compromise,” said Kelly Cook, President for Brand, Technology and Finance at David’s Bridal in a statement. “By
In a discussion with Sheena Butler-Young, senior correspondent for Business of Fashion , Ross recalled the origin story of her brand and how it stemmed from a personal need of hers. I thought that catering to people who were interested in music and fashion would be my strength, Hilfiger mused.
The Steve Madden board of directors has unanimously approved the transaction, which the company plans to fund with a combination of committed debt financing and cash on hand. The acquisition is expected to close in Q2 2025, subject to customary closing conditions.
million and a 25% interest in a newly formed Authentic subsidiary, ABG Vince, in a bid to strengthen its finances. The VNCE acquisition marks P180s third strategic deal, which also has included an investment in fashion label Altuzarra and a digital partnership with multi-brand premium retailer Elysewalker.
Last month, fashion rental technology provider Caastle came crashing down, dealing another blow to an industry that is already facing scrutiny about its underlying economic model. According to The Fashion Law , P180’s lawsuit stated, “Caastle knew that [its] entire endeavor was a sham. For many, the economics just don’t stack up.”
To date, only three UK retailers have ever made it into the 1bn profit club – and fashion giant Next has just become the fourth member. In fact, the retail boss seems to downplay that Next is only one of two fashion retailers to ever hit the prestigious 1bn threshold. growth in sales. Fluke or form?
In doing so it crossed a milestone of 1bn of Start Up Loans financing for start up and early stage businesses. With a strong focus on sustainability, Robin Valley is known for its crafted wooden fashion jewellery, designing and selling earrings, necklaces, key chains and more.
Matalan , the prominent UK-based fashion and homeware retailer, has announced two key senior appointments as part of its ongoing focus on strategic growth and customer-centric initiatives. His experience in finance and audit oversight is expected to add valuable insights to Matalan’s board as the company navigates its strategic growth plan.
Last week, S&P Global Ratings downgraded Saks Global’s credit rating from “CCC+” to “CC,” saying the luxury retailer’s US$600 million financing transaction announced on June 27 was “tantamount to a default.” During the same period, combined sales at Neiman Marcus and Bergdorf Goodman sank by 10 per cent.
dip in fashion and sport resulting from the “heavily discounted and contracting market”. In a challenging environment, our results reflect a resilient retail performance that remained ahead of the UK online non-food market, as well as a continued strong Very Finance performance. to £392.1m and Littlewoods down 14.4%
That sentiment is playing out in Richemont’s finances. Its ‘Other’ division, which houses fashion brands like Alaïa, Chloé, and Peter Millar, remains a mixed bag, down 1 per cent overall. Soaring gold prices have reinforced jewellery’s status as a wearable asset. Meanwhile, watches are ticking in the wrong direction.
Everything from recruitment, logistics, to finance are naturally different in a foreign country and need to be considered. We feel incredibly proud to sit alongside brands we admire in a space that mixes high-end fashion with attainable luxury. Setting up operations in a new country is not without its challenges.
The fashion giant has held talks about tapping the high yield market for 50m of the proposed total, The Telegraph reported. Related Story The Shein effect: Is fashion stuck in a race to the bottom? Debenhams Group, formerly Boohoo Group, is in discussions about a debt package worth as much as 175m.
The global fashion industry has taken centre stage in the push to decarbonise as climate concerns intensify. But despite bold net-zero targets, a new report from the Business & Human Rights Resource Centre reveals a stark omission in fashion’s climate commitments when it comes to the workers who make the clothes.
Dive Brief: Saks Global has secured $600 million in financing commitments from most of its bondholders. With this deal, the department store company will not pursue the $350 million in financing that was slated to close Monday. Kaarin Moore/Retail Dive Listen to the article 3 min This audio is auto-generated. By Daphne Howland • Feb.
The latest Saks Global Luxury Pulse survey found that optimism among wealthy shoppers is sharply declining, with confidence in the economy, personal finances, and the market’s future all hitting new lows. Tariffs have further dampened sentiment. The data bears this out. The post Luxury’s resilience is being put to the test.
” The fashion chain was forced to shutter all 46 of its stores and cut more than 700 jobs by the middle of August. Matches Frasers Group put luxury fashion etailer Matches into administration in March just three months after it acquired the business in a £52m deal from Apax Partners. It relaunched the brand online last month.
These include luxury fashion, high-end cosmetics, lifestyle products, pet care, and niche fashion brands. They are shifting focus to internal optimisation, improving management efficiency, and reducing operational costs.
Yet we still saw an appetite amongst retailers for investing in technology such as artificial intelligence (AI) to drive efficiencies across operations, finance and compliance obligations. We sat down with leading retail finance experts from The Reject Shop, Forever New, Taking Shape and Vinomofo to find out.
Boohoo Group boss Dan Finley has unveiled his turnaround plan for the fashion giant as he looks to shift the entire business to a marketplace model. As part of the wider strategic change, the fashion giant – which also operates Boohoo, Man, PrettyLittleThing , Karen Millen – will now be known as Debenhams Group.
Mainland China proved particularly difficult, as the fashion category encountered headwinds there. Notably, only six of the new stores will be fashion boutiques; the majority will focus on beauty, jewellery, and other high-margin categories. The Americas declined 4.2 per cent, while Europe eked out a modest 0.6
Kevin Grant, a senior member of the finance team since 2021, has been promoted to CFO to replace Long. For the fourth quarter, the company posted a 6.8 per cent increase in net sales, driven by a 21.6 per cent growth in US sales.
Gordon Brothers is most commonly known for its work helping companies through bankruptcy, handling things like restructuring, financing and asset liquidation. But recently, a lesser-known division of Gordon Brothers found itself in the spotlight when the company sold the iconic British brand Laura Ashley to brand management firm Marquee.
Kontoor Brands will finance the transaction through cash on hand and new debt. Supported by the benefits of Project Jeanius and the acquisition of Helly Hansen, we are well-positioned to deliver another year of strong returns and value creation.
The embattled fashion retailer, which delisted from the London stock exchange earlier this year , appointed Teneo as administrator after ongoing financial struggles. HSBC, the retailer’s main lender, was reportedly reluctant to continue supporting the retailer, pushing the company to explore alternative financing options.
This means self-financing most initiatives, keeping a low debt load and only spending within the limits of operating cashflow — sound business strategies all, but not necessarily the operating model for many companies today. We take risks, and we try a lot of new things, but we also have a beautiful balance sheet.
The fashion retailer is seeking shareholder approval for the proposal in a general meeting scheduled for 8 January 2025. Quiz has proposed to cancel its listing on the Alternative Investment Market (AIM) and re-register as a private limited company, as it continues to grapple with ongoing financial difficulties.
The move, led by the founding Ramzan family, could result in hundreds of job losses across the fashion retailer s store network, which currently consists of around 60 locations and employs approximately 1,500 people. Quiz recorded losses of nearly 7m last year, compared to a 2.3m profit the previous year.
Fashion and leather goods fell 5 per cent to €9.15 Eric du Halgouet, executive VP of finance for Hermes, said during a press call that increased average transaction values across all regions have mitigated the impact of reduced foot traffic. The company has posted a sales increase of 11.3 billion for the third quarter.
Frasers Group has replaced its existing £1.65bn financing facilities with a new £3bn term loan and revolving credit facility, giving the retail giant greater financial firepower for its growth ambitions.
However, the deal was never finalised, partially due to waning private-equity appetite since high-profile flops, including that of Toys R Us, made financing such transactions much more difficult. In 2019, private equity firm KKR made a $70 billion offer to buy Walgreens, back when the company was valued at over $55 billion.
With an existing small presence in Manchester, the move sees PUMA relocate its UK HQ from London to Manchester and will be home to the companys sales, marketing, merchandising, finance, people & operations and direct to consumer departments.
James Dorling has been named director of property at the fashion and homewares retailer and will be responsible for overseeing its network of over 220 UK stores. Down has extensive experience in retail and finance and brings “valuable expertise” from leadership roles at Selfridges Group, Dunelm, Tesco, and Topps Tiles.
Tags: Fashion, Sports Marketing, Food and Beverage, Home and DIY, Health and Beauty, Share this Article: Ready to connect to your customers in a more meaningful way?
From sustainable fashion choices to the latest tech gadgets, millennial women are conscious consumers who value quality and ethics. They use budgeting apps to manage their finances effectively and make informed spending choices.
The fashion retailers parent company Associated British Foods said an investigation was launched after a claim was brought forward against Marchant by an individual about his behaviour towards her in a social environment. ABF chief executive George Weston said: “I am immensely disappointed.
Apollo had helped to finance The Carlyle Groups purchase of a majority stake in the brand back in 2021, which valued the business at 750m. Inventory is now at very healthy levels and we are focusing fully on new season trading for SS25. Click here to sign up to Retail Gazettes free daily email newsletter
Chemists, fashion stores and home dcor outlets were the biggest drivers of store closures in the year, comprising 604, 199 and 152 net closures respectively. While household finances are improving, consumer confidence remains cautious. Store openings over 2024 edged down 1.5% year-on-year to 9002, averaging at 25 per day.
Miller joined The White Company in 2015, after sitting in various finance positions across John Lewis, Debenhams and House of Fraser. Incoming CFOMartin joins from Charles Tyrwhitt, where he has spent the last eight years as its finance boss. Alan Martin from our fellow Bectin Group business Charles Tyrwhitt will be joining us as CFO.”
Earlier this year, Eastside Golf announced partnerships with leading national fashion and sports retailers, including Nordstrom, Golf Galaxy, Dick’s Sporting Goods and House of Sport, while continuing to expand its presence in streetwear and golf pro shop locations.
He joined Michael Hill in 2017 following his career at Aurizon as head of tax, shared services, and finance partnering. Lowe is the company’s current chief financial and supply chain officer.
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