Equistone Partners Europe, one of the continent’s major mid-market private equity investors, is buying a controlling stake in German multichannel streetwear and hip-hop retailer DefShop for an undisclosed sum.
In an interview with FashionNetwork.com, Thomas Bretscher, Country Manager for Northwest Europe at Tom Tailor, talks about the company’s new three-year plan and the restructuring of the wholesale business.
The Canadian yoga apparel maker said quarterly profit and sales topped expectations as online sales surged 30 percent thanks to an effort to beef up its e-commerce strategy, and the company raised its outlook.
Lands' End CEO Jerome Griffith is pleased with the retailer's second quarter performance that includes an increase in net revenues and same-store sales. Net loss for the quarter expands to $3.9 million from $2.0 million.
Genesco reported a decrease in net sales, flat comparable sales and a $3.9 million loss from continuing operations. The company now expects its full year adjusted diluted EPS to be in range of $3.35 and $3.65.
If UK fashion, beauty and interiors stores are worried about competition from the discount sector now, they have a lot more to worry about in the next few years with a new report saying the sector will surge by 2022.
It won’t be long before Jimmy Choo joins the Michael Kors family but for now, the company remains an independent entity. And how is it faring as an indie? It’s doing well, very well, despite the US market being tough.