The special committee of the Miami-based apparel group's Board of Directors has released a statement in response to Randa's proposal, reaffirming their support for the company's acquisition by founder George Feldenkreis.
Gordon Brothers said it plans to exploit Bench’s heritage as one of the world's first streetwear fashion brands, and will focus on re-establishing its e-commerce and wholesale presence in Europe and North America.
Superdry continues to progress despite challenging sales in its physical stores. But a focus on e-tail, wholesale, womenswear and other key product extensions means it's staying confident for the year ahead.
Primark continues to see impressive growth as its store openings widen its reach, dollar exchange rates begin to work in its favour, its Italian debut is declared a success and it expects higher profits.
On July 4, shares of Mehul Choksi’s jewellery brand Gitanjali Gems dropped by over three percent following the ED’s application to a special Mumbai court to label Choksi a “fugitive economic offender”.
The company announced that Future Lifestyle Fashions Limited has agreed to subscribe for up to a 29.9% stake in Koovs in a ‘transformational’ deal that will help it raise cash and reach more customers.
The ED is set to ask a special court in Mumbai to brand jewellery tycoon Mehul Choksi a "fugitive economic offender" and confiscate over Rs 6,000 crore ($900 million) in assets as part of the PNB fraud case.
With an audience full of rappers and influencers, Virgil Abloh's first show for Louis Vuitton turned heads in Paris – it also confirmed a new strategy for the label, with two designers targeting quite different markets.