Hong Kong luxury retailers adjusting to drop in high-spending Chinese tourists

By Reuters API Published Dec 18, 2023 ​Hong Kong’s luxury retailers are adapting to fewer wealthy Chinese shoppers visiting the city and a shift towards tourists flocking to Instagram-coveted spots in trendy districts rather than splashing out on pricey branded gear. See catwalkLouis Vuitton – Pre-Fall2024 – Womenswear – Hong Kong Before the pandemic, the … Read more

Frasers Group has Matches in its sights

Frasers Group may have been suggested as a possible buyer for Browns if it comes up for sale, but a report has suggested it could snap up Matches before Browns ever comes on the market. Photo: Sandra Halliday Sky News — which has a good track record on fashion merger and acquisition stories — has … Read more

Innovative Eyewear names Emmanuel Ogbah as new brand ambassador

Innovative Eyewear, the developer of ChatGPT smart eyewear, has announced the signing of Emmanuel Ogbah as an official brand ambassador. Emmanuel Ogbah wearing the Lucyd Lyte Voyager XXL style smart eyewear – Innovative Eyewear Ogbah is a Nigerian professional football defensive end for the Miami Dolphins. He played college football at Oklahoma State and was drafted by the Cleveland Browns … Read more

Gildan CEO pushed board to back deals, director says

By Bloomberg Published Dec 18, 2023 The former chief executive officer of Gildan Activewear Inc. pushed the board to approve large acquisitions before he was shown the door, according to a director of the clothing manufacturer.  Glenn Chamandy – Gildan The board of Gildan, which owns the American Apparel clothing brand, has been at the … Read more

Paris Saint-Germain opens flagship store in Toronto

Paris Saint-Germain opened on Friday a flagship store in Toronto, marking the football club’s first store in Canada. Paris Saint-Germain opens flagship store in Toronto. – Photo: PSG In collaboration with sports merchandise giants Lids and Fanatics, the new club official store, located at 399 Queen Street W, offers an extensive array of products, including … Read more

Italy’s Cucinelli raises 2023 revenue growth forecast again

By Reuters API Published Dec 14, 2023 Italian luxury group Brunello Cucinelli on Wednesday raised its 2023 revenue growth forecast again, and now expects sales to slightly exceed 1.1 billion euros ($1.2 billion). Brunello Cucinelli The group, best known for its cashmere outfits, said in a statement that it expects revenue to grow around 22%-23% … Read more

HanesBrands appoints new chairman

HanesBrands announced on Friday the appointment of William Simon to the role of chairman of the board, effective December 31. Champion Simon’s appointment follows Ronald Nelson’s decision to retire as chairman and a member of the board at the end of the year. Simon has been a director a the U.S. apparel firm since 2021 and … Read more

Farfetch in talks with Apollo Global for rescue deal

By Reuters API Published Dec 14, 2023 Online luxury retailer Farfetch is in talks with Apollo Global Management to secure emergency funding for shoring up its finances, Sky News reported on Wednesday. Farfetch Shares of the company were up nearly 12% following the news. Farfetch is in discussions with several parties about securing new financing … Read more

Dior names Jay Chou as global ambassador

Dior announced on Friday Mandopop star Jay Chou as its latest global ambassador. Dior names Jay Chou as global ambassador. – Dior The move marks the first time a Mandopop artist has been chosen by Dior to represent the brand on a global scale. “As our new global ambassador, Jay embodies the spirit and singularity … Read more

Miss America names Jovani Fashion as official fashion partner

Annual pageant event Miss America has named evening wear brand Jovani Fashion as an official fashion partner.  Miss America names Jovani as official fashion partner. – Jovani The collaboration between Miss America and Jovani will combine the pageant’s rich heritage with Jovani’s innovative dress designs, and aims to elevate the presence of Miss America delegates … Read more