N Brown puts jobs at risk
Online fashion group N Brown is to cut a small proportion of staff as part of the retailer’s ongoing transformation programme. The group behind the Simply Be, JD Williams and…
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Rumours intensify about a possible sale of the eyewear manufacturer
Translated by Cassidy STEPHENS Published Mar 18, 2024 Marcolin is attracting a lot of interest. According to reports circulating on the market, a number of suitors are interested in buying…
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Bluegem sells Beautynova majority stake to PAI Partners
London-based Bluegem, the private-equity firm, has struck a deal with PAI Partners for the latter to acquire a majority stake in Beautynova, the professional haircare platform. Beautynova The acquisition will…
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Ted Baker owner calls in administrators, but Authentic in talks with potential partners
The spate of major British brands being put into administration by their relatively new owners doesn’t appear to be over with Ted Baker the latest. Ted Baker On Tuesday it…
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UK sportswear big names Castore and Umbro in “groundbreaking” alliance
In a first for Castore, the fast-growing contemporary British sportswear brand has completed a “highly innovative” deal with domestic heritage brand rival Umbro. It will see Castore expand its already…
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Kering anticipates 10% sales drop due to Gucci decline
By AFP Published Mar 19, 2024 French luxury giant Kering said Tuesday it is anticipating a 10-percent drop in year-on-year sales in the first quarter due to a decline in…
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Moncler investor sells stake at 67 euros, shares down over 3%
By Reuters API Published Mar 19, 2024 Italy’s Rivetti family, former owner of the Stone Island brand, said on Tuesday it had sold a stake in Moncler, sending the Italian…
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Ykone buys majority stake in Indian influencer agency Barcode
Translated by Nicola Mira Published Mar 19, 2024 French group Ykone has extended its international presence. The group is a major player in the influencer marketing sector, and was sold…
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US lawmaker demands LVMH’s Loro Piana answer for ‘exploitation’ in Peru
By Bloomberg Published Mar 19, 2024 A US lawmaker wants Loro Piana to answer for what he sees as the “exploitation” of Indigenous workers providing raw materials for the Italian…
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The RealReal narrows losses in Q4, sees improving year
The RealReal reported a 10% dip in total revenue to $143 million for the fourth quarter, with the luxury online platform narrowing its losses to round out the year 2023….
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