The owner of New York & Company and Fashion to Figure announced on Monday that it has filed for Chapter 11 bankruptcy and is planning to shutter a large number – if not all – of its brick-and-mortar stores.
The group is set to buy 371 stores and selected assets of Jet for 480 million rand ($28.7 million) from Edcon’s administrators, allowing the South African retailer to expand into the budget apparel market.
Minimalist lifestyle brand Muji’s U.S. subsidiary has filed for Chapter 11 bankruptcy protection, its Japanese owner Ryohin Keikaku Co said on Friday, joining the list of casualties from the coronavirus pandemic.
Now that’s how a brand can use digital in fashion. After a week of grumbling by pretty much everyone in fashion about the predictability of the online season, along comes Loewe with a major 24-hour web happening.
We know this was a purely digital menswear season in Paris, but it was nice to see a designer attempt to put on something close to a show – named "The Horsepower Takeaway" from Denmark’s Henrik Vibskov.
The house of Giambattista Valli has appointed Charlotte Werner to be its new Chief Executive Officer, as the house’s recent investor Artémis helps to boost the management of the critically acclaimed couturier and house.
As footwear retailer Clarks seeks new funding, a number of private equity companies are reportedly keen to take a stake in the company. And a former Triumph head is joining next month to run the Clarks unit.
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