Spanish fashion distribution company Tendam has announced the early repayment of a 190 million euro ($196 million) syndicated loan, leading to a significant reduction in debt servicing costs. The move comes as part of the company’s ongoing efforts to improve…
In just three years, Maxime and Jimmy Gov, the co-founders of Project X Paris, have taken the streetwear fashion label from a small startup to a global brand with a projected revenue of 300 million euros by 2027. The Gov…
German fashion house Hugo Boss has successfully secured a loan of €175 million ($188 million) through a promissory note. The loan, which was arranged by a consortium of banks led by Commerzbank and Landesbank Baden-Wu00fcttemberg, will aid Hugo Boss in…
In a momentous step towards solidifying its position as a global leader in athletic footwear, New Balance recently held a groundbreaking ceremony for its new factory in Londonderry, Northern Ireland. The facility, spanning a colossal 1.5 million square feet, is…
In the world of fashion, there are few duos as iconic as Kaia Gerber and Cindy Crawford. The mother-daughter pair has taken the fashion industry by storm, gracing magazine covers, walking the runways of top designers, and becoming the faces…
In a significant leadership move, Kohl’s Corporation, a renowned American department store chain, has revealed changes in its board of directors. The company has appointed Margaret Jenkins as its new Chairperson, replacing Frank Sica, while also welcoming Tom Kingsbury as…
ASOS, the British online fashion retailer, is reportedly exploring the sale of its Topshop, Topman, Miss Selfridge, and HIIT brands, according to Sky News. The company has faced financial difficulties in recent years, and the sale of these brands could…
Since joining Gap Inc. as its CEO in March 2023, Ken Meeker has been tasked with the challenging mission of revitalizing the company and rekindling investor confidence. With years of experience in the retail and consumer goods industries, Meeker brings…
Carter’s, a leading American brand of children’s clothing, recently released its financial results for the third quarter of fiscal 2023, revealing a 3% decrease in net sales compared to the same period last year. Despite this setback, the company’s overall…
Lagoped, the French athletic apparel brand renowned for its innovative and sustainable designs, has secured 5.7 million dollars in a recent funding round. This strategic move will fuel the company’s ambitious plans for international expansion, enabling it to reach a…
