Dr Martens is heavily focused on its recovery, but that turnaround may not happen under its current ownership structure with a report saying it’s being eyed for a takeover by a number of major non-UK firms. Dr Martens The heritage UK business is listed on the London Stock Exchange but its valuation today is ‘only’ … Read more
Dr Martens issued an update on Tuesday that detailed the ongoing challenges at the business. But in headline-grabbing news, it also said its CEO is to step down. DR Kenny Wilson won’t be going straight away, however. We’re told he’s “decided that this will be his final year as CEO. As part of an orderly … Read more
Once upon a time it seemed that Dr Martens could do no wrong, but missteps at the British bootmaker and a tough environment have sent its shares down from a high of around £5 three years ago to below 74p at one point this year. And now a major shareholder is calling for action. DR … Read more
Matches has laid off almost half its staff — 273 people — as it trades through administration while a buyer is sought by insolvency specialist Teneo. The company had employed 533 people in its three London stores and at its HQ from where it sells to consumers in 170 countries. Matches Benji Dymant, joint administrator, … Read more
Translated by Roberta HERRERA Published Feb 23, 2024 Thursday, the second day of Milan’s Women’s Fashion Week closed with a downpour. As the rain got heavier by the hour, the fashion shows continued unabated in the plush salons of Lombardy’s capital, with their share of delays. Following MM6’s techno-futuristic collection and Emporio Armani’s chic ready-to-wear, … Read more
Superdry announced its first-half results on Friday and as already flagged by the company, they weren’t great. The six months to 28 October saw what it called “challenging” conditions but “strong progress on cost and inventory reduction programmes”. Superdry Most of the figures were in negative territory and even the profit it made in H1 … Read more
Founded in 2015 in Los Angeles by Alex James and Vlad Elkin, the streetwear fashion brand Pleasures is known for its artsy and grunge/rock style, mainly inspired by 90’s subcultures. After releasing a hat that read “RIP Morrissey” and a T-shirt featuring Kurt Cobain’s suicide note, the brand began drawing attention with suggestive campaigns. Notably … Read more
By Bloomberg Published Dec 14, 2023 European clothing retailers Zara, Primark and Mango are making further inroads into the US interior via mall openings as they target areas with faster population growth than on the coasts.States such as Utah, Colorado and Tennessee have become a “very relevant” demographic for Zara, according to Spanish owner Inditex … Read more
