Reebok Sold for £1.8bn to Authentic Brands
Authentic Brands Group will acquire Reebok from Adidas for a total consideration of up to £1.78bn. Adidas will share the majority of the cash proceeds...
Month : August 2021
BRACE FOR HIGHER PRICES OR EMPTY SHELVES IN XMAS EXPECTS RETAILERS
Rising prices of shipping containers is going to impact the prices of goods. Retailers have also warned of further disruption and delays for goods this...
H&M To Launch Second Hand Clothing Store in Canada
Swedish retail giant H&M is launching its own second-hand fashion platform in Canada next month. The new platform, called H&M Rewear, is a “one-stop digital...
MORE JOBS AND LESS TAKERS IN THE US
Employers in the U.S. face an interesting challenge ahead – how to fill nearly 10 million job openings with about a million fewer workers than...
MARKS & SPENCER ANNOUNCES NEW BRANDS
To transform the business post pandemic Marks & Spencer is set to announce six guest brands in clothing and footwear....
CRYPTOCURRENCY ACCEPTED BY LUXURY FASHION CHAIN
Philipp first fashion company to accept payment in 15 different cryptocurrencies At the start of the year, the value of bitcoin surpassed the £41,180 mark....
Asics’s income increased “significantly” to €70.5m
Asics has reported a consolidated net revenue increase of 44% cent year-on-year across all distribution channels for the year-to-date period ending June. The sportswear brand...
H&M x Sabyasachi Collection Unveiled
H&M’s collaboration with Indian label Sabyasachi announced last year is finally about to hit stores, following a delay due to the pandemic. Originally set to...
Arvind partners with Textile GenesisTM for block-chain based track & traceability initiative
Arvind Limited, the $1.5 billion textile to technology conglomerate has collaborated with Textile GenesisTM a block-chain enabled digital transparency platform for apparel supply chain. This...
35% Factories in Vietnam Closed
Around 30-35% of textile and garment factories in Vietnam have closed due to the COVID-19 pandemic, according to the Vietnam Textile and Apparel Association (VITAS)....