Gap Inc. reported its financial results for the fourth quarter and fiscal year 2020, ending 30th January, 2021.…
Vestiaire Collective completes new financing round
The leading global platform for desirable second-hand fashion announced the completion of a new US$215 million financing round, backed by global French luxury group Kering and US investment firm Tiger…
Moncler revenues down 11% in 2020, Asia sales inch forward
Moncler reported a double-digit annual sales decline for 2020, as several markets recorded heavy revenues, offset by Asia where revenues inched forward on 2019.…
L Catterton acquires majority stake in BIRKENSTOCK
BIRKENSTOCK has reached an agreement to sell a majority stake in BIRKENSTOCK Group to L Catterton and its affiliates including Financière Agache.…
Moncler acquires remaining 30% of Stone Island
Moncler has entered into an agreement with Venezio Investments Pte.Ltd., in respect of the acquisition of 30% of the share capital of Sportswear Company S.p.A..…
Xingsheng Youxuan raises US$2 billion in funds
Chinese community grocery shopping app Xingsheng Youxuan has reportedly raised some US$2 billion in a new funding round, sources have revealed to Reuters.…
LVMH acquires 50% stake of Jay Z’s Armand de Brignac
Moët Hennessy announced a partnership with Shawn JAY-Z Carter through the acquisition of a 50% stake in Armand de Brignac, a prestige champagne brand.…
Valentino posts sales loss in 2020 despite China, online lift
Valentino reported sales losses for the year 2020, despite an uptick from its mainland China market and an increase in digital sales.…
Amazon acquires Australian e-commerce platform Selz
Amazon has acquired Australian e-commerce minor Selz, according to a blog post written by Selz’s founder and CEO, Martin Rushe.…
Reflaunt raises $2.7m from fashion industry leaders
Industry leaders embrace circular economy.…