By Reuters API Published May 4, 2024 As Adidas aims to build on hot demand for its three-striped white and black Samba and multi-coloured Gazelle sneakers, it’s also taking steps to prevent the shoes from becoming victims of their own success. Reuters The German sportswear giant ramped up production of the sneakers, known as “terrace … Read more
By Reuters API Published May 4, 2024 German consumer goods company Henkel slightly raised its guidance for 2024 on Friday, saying strong performance in the first quarter had boosted its sales and earnings outlook. Reuters The group raised its guidance for full-year organic sales growth, now expecting an increase of 2.5% to 4.5% compared with … Read more
By Reuters API Published May 4, 2024 L Catterton, a private equity firm backed by French luxury group LVMH, said on Friday it succeeded in securing enough shares in luxury shoe maker Tod’s to take it private in agreement with the Italian group’s main shareholder, the Della Valle family. Reuters L Catterton said it had … Read more
Charles Tyrwhitt’s results last month showed the menswear brand doing well, and now we know that sister brand The White Company has been getting stronger too as the parent company of both has filed its annual accounts at Companies House. The White Company Bectin Ltd — which is owned by Tyrwhitt and White Company husband-and-wife … Read more
Online resale platform ThredUp announced on Thursday the appointment of Florin Filote as its general manager of Europe. ThredUp names Florin Filote as general manager of Europe. – ThredUp In this role, Filote will lead ThredUp’s European operations across nine countries in Central and Eastern Europe. Prior to joining ThredUp, Filote held leadership positions at … Read more
By Bloomberg Published May 2, 2024 Teen clothing retailer rue21 has filed bankruptcy and will attempt to sell itself, marking the third time the business has sought court protection and the latest sign of trouble for mall-based outlets. Rue21 The retailer, which is majority owned by Blue Torch Capital, filed Chapter 11 Thursday in Delaware … Read more
DKNY has teamed up with Dubit, a pioneering in-game retailer, to introduce a collection of virtual jackets, handbags, and hats from its recently debuted ‘Heart of New York’ collection, on Roblox. DKNY unveils virtual collection on Roblox. – DKNY The collection, including 20 unique pieces, will be available for purchase within select Dubit retail locations … Read more
By Bloomberg Published May 2, 2024 Starting next year, Patagonia’s wetsuits won’t just be recycled — they’ll be reincarnated. At the company’s “Wetsuit Forge” repair and design center, located a few blocks from the beach in Ventura, California, a first-of-its-kind wetsuit is draped over a table. The suit looks and feels like any other, but … Read more
Jonathan Ram has left Clarks after two years running the footwear business in the wake of its takeover by LionRock Capital. Ronnie Fieg for Clarks Originals The former HanesBrands and New Balance executive doesn’t have a direct replacement for now. A company spokesperson told Fashionnetwork.com: “Clarks announces that CEO Jon Ram has made a decision … Read more
Centric Brands announced on Thursday a licensing agreement with Authentic Brands Group for Vince, a fashion brand, for accessories. Centric Brands and Authentic ink licensing agreement for Vince accessories. – Vince Under the terms of the agreement, Centric will undertake the design, manufacturing, and distribution of Vince-branded handbags, small leather goods, and belts for both … Read more
