By Bloomberg Published Aug 22, 2024 The owner of T.J. Maxx has acquired a 35% stake in Dubai-based Brands for Less for $360 million, giving the US discount retailer access to fast-growing consumer markets in the Middle East. Reuters TJX Cos. is buying into the firm at an enterprise value of $1.2 billion, according [...]read moreTJ Maxx owner gains mideast access with Brands for Less stake
By Bloomberg Published Aug 8, 2024 After a year on the job, the chief executive officer of beleaguered Vans owner VF Corp. says the worst of the apparel maker’s “horror story” is now behind it. Vans CEO Bracken Darrell, who took the reins in July of 2023, has been working to get the Denver-based company [...]read moreVans owner CEO says turnaround bid Is starting to gain steam
Unibail-Rodamco-Westfield (URW) — the French property giant that owns the Westfield shopping centre portfolio — has reported its first-half results with the company talking of a “strong performance”. Westfield London This was supported by “increased tenant sales and footfall, dynamic leasing activity for retail… and Retail Media revenues up 24.7% with Westfield Rise on track [...]read moreWestfield owner URW sees rising tenant sales in H1
British property giant Hammerson has sold its stake in one of the world’s most important luxury retail operators — Value Retail, which owns Bicester Village among other locations. And the buyer is a unit formed by acquisitive LVMH-back L Catterton. Bicester Village Hammerson holds around 40% of Value Retail and said Monday that it has [...]read moreHammerson sells its stake in Bicester Village owner to L Catterton vehicle
N Brown’s on the campaign trail to raise awareness of a “continued lack of inclusivity in the fashion industry when it comes to clothing fit and design, and the negative impact this has for many people”. JD Williams It’s called ‘Fashion for All’ and comes after the digital fashion group’s research revealed detail that “really [...]read moreSimply Be and JD Williams owner N Brown launches inclusivity campaign
By Reuters Published Jul 12, 2024 Japan’s Fast Retailing, the owner of clothing brand Uniqlo, said on Thursday its third-quarter operating profit surged 29%, buoyed by strong sales at home. Reuters Profit rose to 144.7 billion yen ($894.81 million) in the three months to May 31 from 112.5 billion yen in the year-earlier period. The [...]read moreUniqlo owner posts 29% jump in Q3 operating profit, raises forecast
LPP, the Polish fashion retail giant that owns Reserved and Sinsay, has released its Q1 results. And the company hailed a “very good” three months that generated over PLN4.3 billion (€982m/£826m/$1bn) in revenue, double-digit sales growth and “record operating profit”. LPP/Reserved It said the positive reception to its spring collections by customers led to that [...]read moreLPP sees strong Q1, Reserved and Sinsay owner predicts more of the same
The future of Groupe Rocher’s perfume production site in Ploërmel (Morbihan) is taking shape. The Breton cosmetics group that owns the Yves Rocher brand, which last September indicated that it wanted to sell the site, which employs 89 people, has announced that it is in exclusive negotiations with Arcade Beauty, an American group specialising in [...]read moreYves Rocher owner to sell its Ploërmel plant to Arcade Beauty
News of Renewcell’s bankruptcy earlier this year came as a shock to many who saw it as a standard-bearer for the circularity revolution. But the operation — now renamed Circulose after its key product — lives on with its remaining assets having been acquired. Tearfil in Portugal spinning Circulose into yarn The assets of the [...]read moreRenewcell gets new owner as Altor acquires assets
By Bloomberg Published May 24, 2024 VF Corp., the apparel and footwear company that owns the Vans and North Face brands, has sold off a pair of jets and has listed a Colorado airplane hangar as part of its efforts to cut costs and raise cash. Vans Amid a sustained decline in revenue, Chief Executive [...]read moreVans owner VF Corp. sells its planes amid declining sales performance