Chinese group Anta Sports bought the Fila group's franchised brands for China, Hong Kong and Macao in 2009, and in 2021 the Italian sportswear brand’s revenue in the region reached CHY21.82 billion ($3.37 billion).
Ted Baker hasn’t announced the name of the preferred bidder to which it’s talking, but news reports say acquisition-hungry Authentic Brands Group (ABG) is the front-runner to clinch a £300m deal to buy the UK retailer.
Arklyz Group, owner of the specialty footwear retailer The Athlete's Foot announced is has acquired Shoe City, a Baltimore-based sneaker and streetwear lifestyle retail chain together with online platform, YCMC.
Fashion e-tailer Missguided is teetering on the brink with administrators stepping in after creditors issued a winding-up petition. And a report claimed that e-tail peer Boohoo is working on a pre-pack rescue.
Asda’s sales went into reverse in Q1 as the privately held supermarkets giant that owns the George clothing label suffered against tough comparisons with the year ago period and also from inflation hitting hard.
Q1 figures for Farfetch were more muted than some of its recent results and the company warned about the near-term impact of the macroeconomic backdrop that’s currently hurting fashion businesses at all price levels.
Just six weeks after being bought in a rescue deal, shirtmaker TM Lewin has relaunched e-commerce. Currently carrying the reborn label’s initial SS22 range, additional lines are “to be added in the coming weeks”.
Ulta Beauty announced on Thursday record-breaking financial results for the first quarter, as the cosmetics company logged revenue and earnings surges, thanks to increased comparables sales fuelled by consumer demand.