Ascena Retail Group, Inc. and certain of its subsidiaries announced that it has entered into an asset purchase agreement with Premium Apparel LLC, an affiliate of Sycamore Partners, to sell Ascena’s A…
Unilever acquires SmartyPants Vitamins
Unilever announced that it has signed an agreement to acquire SmartyPants Vitamins, a U.S.‐based Vitamin, Mineral & Supplement company.…
Royal Streaming expands its APAC footprint
As we watch the world slowly reopening simultaneously, companies have been utilizing the downtime by implementing improved safety and hygiene protocols to bring back customer confidence upon their ret…
Gap announces financial results
Gap Inc. reported its financial results for the third quarter of fiscal year 2020, ending 31st October. …
MINISO opens 100th physical store in November
Lifestyle product retailer MINISO opened its 100th post-IPO physical store this November, signaling a market expansion streak amidst industry-wide scale back and closings.…
China’s Happay inks US$10 million injection from Australian investment firm
Chinese buy-now-pay-later company Happay announced it has secured a US$10 million investment, thanks to a funds injection by Australian investment firm, AP Ventures.…
Frasers Group to increase stake in Mulberry
Frasers Group announced its acquisition of 4.3 million ordinary shares in Mulberry Group Plc from Kaupthing ehf at US$1.98 per share.…
L Brands announces financial results
L Brands, Inc. reported 2020 third quarter results ended 31st October, 2020. …
H&M expands partnership with Renewcell
H&M Group announced that it has reached a multi-year agreement with the innovative Swedish textile recycling company Renewcell to supply it with Circulose® fibers made from unusable textile waste…
11.11 and the growth of Chinese tech giants
It is fair to say that Double-11 / Singles’ Day was a runaway success; sales topped $116 billion from China’s two biggest e-commerce players alone.…