The latest news
Frasers Group continues building ASOS stake, now owns nearly 10%
Frasers Group has again increased its stake in ASOS, which has been at the centre of takeover speculation. It has seen acquisition-hungry Frasers upping its stake to almost 9.9% from 7.4% as the week started.
Frasers Group inks JV deal for Sports Direct expansion to Indonesia
Frasers Group Asia Sdn Bhd (or FGA, which is a subsidiary of the UK company) has revealed a new joint venture agreement with PT. MAP Active Indonesia.
Edit LDN launches National Vintage League collab
The National Vintage League brand has launched a curated and edited collection exclusively on The Edit LDN.
Munich posts 40% revenue growth in 2022-23, expands internationally
The Spanish sneakers brand hit record sales in 2022, with revenue up by 40% to €74.3 million. Revenue in Italy was up 20%, as Munich continued to expand internationally, and opened new monobrand stores in Spain.
Photographers Michael Avedon and James Dylan launch new publication Breach
The creatives, grandsons of Richard Avedon and Bob Dylan, respectively, found a photography first publication with digital and print issues.
ASOS sees bid approach as share price slumbers - report
ASOS is believed to have received a £1 billion takeover approach a few months ago from a Turkish company taking advantage of the potential in its giant market but also its falling share price.
Columbia Sportswear's Sorel CEO to depart
Columbia Sportswear announced on Friday that Mark Nenow, president of its Sorel brand, has resigned in order to focus on his health.
Gap settles Patagonia trademark lawsuit over 'iconic' pocket design
Outdoor clothing retailer Patagonia Inc has settled its lawsuit accusing Gap Inc of illegally copying the "iconic" snapped flap pocket that the company has long featured on its fleece outerwear.
Edward Enninful to exit British Vogue, taking on global advisory role
And another one bites the dust. Edward Enninful is to exit British Vogue the magazine has made known, making him the latest editor-in-chief of a Vogue in the past several years to exit their position.
M&S expands shoe brands offer as it targets major footwear growth
M&S is making a big play for British consumers’ footwear spend and is adding more third-party footwear labels to its Brands At M&S offer with a focus on summer shoes that can help it in a season in which it lags.
Lululemon outlook lift thrills Wall St as yogawear stays in vogue
Lululemon raised its annual sales and profit forecasts on Thursday as wealthy Americans snap up its pricey activewear even though inflation hounds wider retail spending, sending the company’s shares up 13% after hours.
Sneaker marketplace Laced raises new funding
Laced — the British sneaker marketplace — is aiming to make access to in-demand products fairer and has raised £10 million/€11.2 million to help it do that.
Under Armour chair offloads $100-million stake
Under Armour, Inc. announced on Wednesday its executive chair and brand chief Kevin Plank has sold $100-million worth of shares to BDT Capital Partners, an affiliate of merchant bank BDT & MSD Partners.
Paris Saint-Germain opens storefront in Miami
Located at 1024 Lincoln Rd, Miami Beach, the store will be run and operated by leading hat retailer, Lids.
Wolverine appoints new president, brand leadership
Wolverine World Wide Inc. announced on Wednesday the appointment of Chris Hufnagel as president of Wolverine Worldwide.
Sportswear rules! Surge continues as data shows what's driving media impact
The latest data report from Launchmetrics shines the spotlight on sportswear and the headlines story is — perhaps unsurprisingly — that athleisure and sneakers continue to be key drivers while luxury is also important.