Articles by Angela Gonzalez-Rodriguez
Millennials whose financial position improved will spend more on trends, mainly apparel
New York – A recent study shows that out of all consumer whose financial position has improved in the last year, Millenials were the most likely generation to increase spending on consumer products. Within the apparel segment, consumers are favouring value brands, those with strong value proposition, such as fast fashion, quality/price,...
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What’s going on with Koovs, ‘India’s Asos wannabe’?
New York – Doubts over Koovs’ future are building up after the Indian ‘Asos wannabe’ has failed to secure the funding they need to keep up with their ambitions. Lord Alli, formerly at Asos’ helm, listed Koovs PLC on London’s junior stock market, AIM. His vision was to replicate the success he helped build during his 12 years tenure as chairman...
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Richemont gets ready to face LVMH’s growth by associating with Alber Elbaz
New York - The terrible enfant of French fashion and the Swiss group - the world’s third luxury player by capitalisation - have announced a collaboration. Richemont thus prepares himself to face an increasingly fierce competition to dominate the luxury fashion and accessories industry. At a time when LVMH has redoubled its commitment to...
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Last-minute offer from private investors challenges Authentic Brands’ bid for Barneys
New York – A last-minute offer led by fashion label Kith’s investor Sam Ben-Avraham would have reportedly challenged the bid presented by Authentic Brands Group (ABG) to acquire ailing Barneys New York business. The upscale department store operator, which filed for bankruptcy in August, had been seeking proposals to best Authentic Brands’ 271...
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Madewell partners with thredUp to contribute to the circularfashion economy as IPO nears
New York - Anne Crisafulli, SVP of Merchandising at Madewell, explains to FashionUnited that “Our teams work to integrate sustainable practices at every step of our denim’s lifespan, whether you’re purchasing a new pair of jeans that are made at a sustainable factory or recycling old ones through our longstanding recycling program with Blue...
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Fast Retailing grows by 7.5 percent in 2019 despite South Korean boycott
New York – Fast Retailing Co Ltd (9983.T) on Thursday booked record profit for a third consecutive year on strong sales at its Uniqlo stores in China, and forecast further growth in the current year albeit dented by a boycott of Japanese goods in South Korea. Operating profit climbed 9 percent to 257.6 billion yen (2.40 billion dollars) in the...
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Foot Locker reinforces diversification strategy with Rocketsof Awesome’s investment
New York - Foot Locker (FL) is one of the financial backers of online kids clothing store Rockets of Awesome. The athletic apparel company has reportedly invested about 12.5 million dollars during a funding round last February. As highlighted by ‘Seeking Alpha’ earlier this week, as part of a strategic partnership, Rockets of Awesome will set up...
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GU, the youngest Fast Retailing brand, triumphs
New York – GU, the most experimental and elegant of Fast Retailing’s brand portfolio, has become one of the growth engines of the Japanese group on its own merits. Often referred to as the cheap Fast Retailing brand - which also owns UNIQLO, Theory and Comptoir des Cottoniers -, GU has become a profit generator. Available at more affordable...
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China-U.S. resumed tariff talks and potential Brexit deal affects stocks
New York – European shares rose on Thursday as early signs of positive progress in U.S.-China trade talks emerged and hints of a potential Brexit deal cheered up retail stocks. Investors were hopeful on Thursday after U.S. President Donald Trump tweeted he would meet Chinese Vice Premier Liu He on Friday for further trade talks, confirming the...
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JackRabbit acquires sports retailer chain Olympia Sports
New York – U.S. fashion retailer JackRabbit has announced it has acquired retail sporting goods company Olympia Sports. JackRabbit, part of CriticalPoint Capital (CPC) portfolio, has secured a deal that covered certain assets and liabilities, including the online presence and the Olympia Sports brand. According to CPC partner Brad Holtmeier, the...
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