Latest Articles in Business

Esports apparel brand We are Nations acquires Sector Six Apparel

We Are Nations, the Esports (electronic sports) retail and merchandise company, has acquired Sector Six Apparel, an American company specializing in jerseys and custom team wear, with the intention to expand it into Europe in 2019. “With this acquisition we will be given the appropriate resources to begin our global expansion with an initial...

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Interview: The/Studio, making small batch production easier

Amazon, Alibaba, Shopify and even Instagram have made it easier for starters to launch a niche fashion brand online. However, the “first mile” of the supply chain hasn’t changed much: the majority of fashion manufacturers still operate according to the traditional model, in which collections are planned up to 1 year in advance and ordered in...

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Snoop Dogg becomes a shareholder in Klarna

Swedish financial tech firm Klarna has confirmed that American rapper, Snoop Dogg, aka Calvin Broadus, has become a minor shareholder in the company, which offers retailers including Asos and Missguided buy-now-pay-later services. “Snoop is not only a rap legend, but also a successful businessman, with a genuine interest in tech, retail and...

Business

Gymboree Group files for Chapter 11 Bankruptcy Protection

Gymboree Group Inc., the parent company of childrenswear brands Gymboree, Crazy 8 and Janie and Jack, has filed for relief under Chapter 11 of the Bankruptcy Code in the US Bankruptcy Court for the second time in two years. The company, which operates hundreds of stores in the United States, Canada and Puerto Rico, has also announced that its...

Business

Men shopping more often than women across majority of online and in-store channels

Global technology company First Insight Inc. has published a new report "The Arrival of the New Male Power Shopper", which revealed that men are shopping more frequently in-store and online than women. The company recently surveyed consumers on shopping habits, purchase behavior and influences driving decisions found that 53 percent of men...

Business

Sears to stay open for now

Sears, Inc. Chairman Eddie Lampert has won a bankruptcy auction for Sears with a plan that will keep the retailer open and save over 50,000 jobs. The news was reported by Bloomberg. Lampert's bid won over other proposals that would have forced the retailer to liquidate and sell its assets. The bid is valued at 5 billion dollars, which is a 150...

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No deal Brexit could spell disaster for British fashion industry

It was to be the plans of all plans, with Prime Minister Theresa May to lay out the withdrawal agreement for the UK to leave the EU. The terms of which spelled out the future relationship for both citizens and companies whose close ties to the continent remain under threat. But while in a matter of weeks Britain is due to leave the EU, the...

Business

Christopher Raeburn rebrands

British sustainable fashion designer Christopher Raeburn is rebranding his eponymous label to ‘Raeburn’ to coincide with the brand’s 10-year anniversary. The re-brand, which also includes a new logo, follows the recent appointment of Christopher Raeburn as Timberland’s first global creative director, and the appointment of his brother Graeme...

Business

European Commission investigates Nike’s tax status in the Netherlands

The European Commission has launched an in-depth investigation into Nike’s tax arrangements in the Netherlands, looking to examine whether the country’s tax administration body, Belastingdienst, has given the sportswear giant an unfair advantage over its competitors. Between 2006 and 2015, Dutch authorities issued five tax rulings, two of which...

Business

Safilo and Levi Strauss & Co sign eyewear licensing agreement

Safilo Group has added one more brand to its licensing portfolio: Levi’s. The eyewear giant, which makes sunglasses and prescription glasses for brands like Dior, Banana Republic, Kate Spade and Moschino, has scored a global licensing agreement to design, manufacture and distribute glasses for Levi Strauss & Co. The contract goes until November...

Business

Coach signs licensing agreement with Incipio to launch mobile phone accessories

California-based Incipio Group has signed a global, multi-year licensing agreement with Coach to launch a line of mobile device accessories which will be available on Coach’s website and Coach stores worldwide in the fall of 2019. Coach will design the accessories, which will include smartphone and tablet cases made of genuine leather, while...

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HSBC predicts luxury market to slow down in 2019

International bank HSBC forecasts growth in the luxury sector to slow down from 9 percent in 2018 to 6 percent in 2019. But that isn't necessarily bad news. In a report titled Expecting the Unexpected, shared by email with FashionUnited, the bank said the main reason why it believes the sector is likely to slow down is because it has been...