Callaway Golf Company (Callaway) has completed the announced acquisition of Jack Wolfskin from the previous shareholders on January 4, 2019 for 418 million euros or approximately 476 million dollars at an exchange rate of 1,140 euros to the US dollar. While Callaway is headquartered in Carlsbad, California, […]

Outdoor apparel and footwear brand, Columbia Sportswear Company has confirmed that it has closed its buyout of the remaining 40 percent interest in Columbia Sportswear Commercial (Shanghai) Company, its joint venture in China with Swire Resources Limited. The joint venture began operations on January […]

A venture controlled by HBC Chairman Richard Baker will buy the stake owned by a unit of Ontario Teachers’ Pension Plan Board in the Canadian retailer, according to L&T B Cayman, a top shareholder in Hudson’s Bay and a joint buyer. The news was reported by CNBC. Hudson's Bay portfolio includes Saks […]

CEO INTERVIEW Much is discussed about the competition between brick and mortar stores and ecommerce, and the need for retailers to be “omnichannel”. But, for Danish company Miinto, this is not a battle. Rather, one can build a bridge between the high street and the Internet. Miinto is an online marketplace […]

New York - Amazon founder Jeff Bezos has gotten its ‘richest man in the world’ title re-assured as his personal worth increased by 24 billion to 123 billion dollars. Inditex and Fast Retailing founders have also made it to the top 30 wealthiest people worldwide. Bloomberg Billionaires Index has been […]

The Accord on Fire and Building Safety in Bangladesh (Accord) has handed over the safety activities of 80 more readymade garment (RMG) factories to the government’s Remediation Coordination Cell (RCC), taking the total number of factories transferred to 100. The agency announced this in a press release […]

New York - This year, the world of fashion has been strongly affected by cyberattacks. From Amazon to Macy’s, we review the main hacks targeting the international textile industry. Hackers, cyberattacks and cybersecurity are some of the new words that have been cast within the everyday language of virtually […]

Michael Kors Limited has completed its change of name to Capri Holdings Limited. From January 2, its ticker symbol at the New York Stock Exchange will be CPRI. Fashion’s new luxury conglomerate, which includes footwear label Jimmy Choo, has also announced it has completed the acquisition of Italian […]

New York - A recent report forecasts the global yoga apparel market to grow at a CAGR of over 6 percent during the next five years. Technavio analysts forecast the global yoga apparel market to grow at a CAGR of over 6 percent during the 2019-2023 period. The increasing popularity of customized yoga […]

INTERVIEW A new generation of shoppers and workers are walking through the doors of fashion stores. Business strategies from mid-range brands to luxury brands are changing. To understand this change, brands need to leave an open space to create and implement new strategies for success. What are the […]

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