With Topsoho likely unable to repay the €250 million bond debt that matured on Tuesday, its creditors could acquire a 53% stake in Topsoho-owned SMCP, only to perhaps decide to sell it, as FashionNetwork.com has learned.
The New York-based fashion group announced the launch of its new premium denim brand on Wednesday, revealing a label combining sustainability, quality and artistic sensibility, set to make its debut in October.
Are sneakerheads in for a rough holiday season? Nike Inc's updates to its full-year sales outlook on Thursday will likely answer that as it deals with unprecedented supply challenges ahead of the holiday season.
Luxury lifestyle brand BALR is relaunching in Britain and Ireland this season and has appointed Start agency as its UK sales partner. The label launches in lHarvey Nichols, Selfridges, and the expanding Flannels chain.
UK-based luxury brand Belstaff has released its results for the whole of 2020 and it was a decidedly mixed bag with clear improvements in some areas but the INEOS-backed business was still loss-making.
French luxury resale site Vestiaire Collective’s onward march is continuing with news that it has raised a further €178m in new finance, six months after a previous funding round. The firm is now valued at $1.7bn.
The San Francisco-based online styling service reported net revenue of $571.2 million for the fourth quarter on Tuesday and also announced the launch of its new Stitch Fix Freestyle shopping experience.
Paul & Joe showed its new collection in London on September 20, a first for the French label and a reflection of its new approach, which its founder has described to FashionNetwork.com in an exclusive interview.
Sergio Tacchini Europe and Sugi International have announced a new long-term footwear licence deal that will see products launching for AW22. Sugi will distribute the branded footwear to retailers across the EMEA region