The company's Board of Directors have rejected an unsolicited proposal from Carson’s Holdings, Inc. to acquire all the company's outstanding stock, announcing plans to launch an in-house stock repurchasing program.
The news that Raf Simons and Calvin Klein were parting ways, revealed deliberately Friday evening as the fashion world clocked off for Christmas, didn’t surprise the industry. We look at what doomed the relationship.
Suit retailer Misura Sartoria has taken over tailoring specialist The Tailormates, which filed for bankruptcy in November. Misura Sartoria will open a flagship at the former The Tailormates store in January.
Nike Inc shares rose 8% on Friday, after the company's solid quarterly results eased worries that escalating trade tensions between Washington and Beijing would weigh on China demand and hurt the group's growth.
The news that sales fell at Walgreens Boots Alliance and that the firm wants $1bn in cost savings has shone the spotlight firmly on UK beauty chain Boots and could see it responsible for a huge chunk of the cuts.
E-tail may be generally stronger than physical stores on the sales and profits front, but in the festive period, bricks and mortar chains have beaten their pureplay rivals on one key measure - social media engagement.
The Batra Group and apparel and footwear company Cherokee Global Brands have entered into a new license agreement for the Tony Hawk brand, covering apparel and accessories in Europe, the Middle East and Africa.
The Oregon-based sportswear giant reported strong growth in both revenue and earnings in the second quarter, as the company reaps the benefits of the effective implementation of its “consumer direct offense”.