Skechers announced on Tuesday that it has purchased the minority share of its Indian joint venture, making the business a wholly-owned subsidiary of the footwear company as it looks to boost its presence in the country.
Southeast Asian fashion startup Zilingo said it has raised $226 million in its latest funding round from existing backers such as Sequoia Capital, with Singapore’s Temasek Holdings joining as a new investor.
Debenhams has secured a temporary cash injection to tide it over while talks go on and it also has a new own-brand sourcing deal with Li & Fung that should help it respond faster to trends with better quality product.
Sales by China’s retail businesses during the Lunar New Year holiday rose 8.5 percent from a year earlier, pushing up consumer stocks on Monday, but a cooler pace of growth added to evidence the economy is slowing.
It was another win for Helmut Lang at the label's Autumn/Winter 2019 show. Led by Mark Thomas and Thomas Cawson, the collection was anchored in fine tailoring techniques across both men's and women's suits.