Adidas launches comfort-focused ready-to-wear capsule As consumers continue to adapt sportswear for their everyday lives, sports companies are responding with more launches targeting those everyday lives as well as sports activities. Adidas And Adidas Launching with “early access” on 9…
Gap eliminates 500 corporate jobs amid shrinking margins By Reuters GapOld Navy Gap The company is laying off staff and eliminating positions that are currently open across a range of departments, it said. The eliminated roles are mainly at its…
Kookaï placed in receivership Translated by Cassidy STEPHENS The women’s fashion chain Kookaï, sold in 2017 by the Vivarte Kookaï This procedure has been triggered by “the economic difficulties faced by the ready-to-wear sector in Europe”, accentuated by the Covid-19…
Victor Capital sells PrimaLoft to Compass Diversified Translated by Roberta HERRERA Primaloft, the nearly 40-year-old thermal insulation material specialist, has been acquired by the American group Compass Diversified, also known as Codi. The American holding group has already invested in…
Streetwear brand Neoity reveals its new store in Los Angeles At 702 Traction Avenue, in the heart of the Arts District in Los Angeles, a new streetwear brand Neoity opened at the beginning of the summer. Neoity opens its first…
Castore in long-term partnership with Oracle Red Bull Racing Castore has captured another high-profile partnership — and arguably its biggest yet. The UK premium sportswear brand has signed a long-term deal with Formula 1’s Oracle Red Bull Racing to give…
British e-commerce firm THG ends agreement with SoftBank There’s been speculation for some time and it’s finally been confirmed — e-tail giant THG has ended its deal with Japan’s Softbank and the latter’s massive investment in THG’s Ingenuity arm won’t…
Levi Strauss cuts 2022 profit forecast on softening demand, strong dollar By Reuters Levi Strauss & Co Levi’s Consumers are shifting their focus away from higher-priced products and clothes to essentials due to decades-high inflation, affecting Levi’s and other apparel…
Lightspeed launches B2B network to connect brands and retailers Canadian technology company Lightspeed Commerce Inc. announced on Thursday the launch of the Lightspeed B2B platform bringing together thousands of the world’s brands and retailers. Lightspeed launches B2B network to connect…
Vera Bradley CEO to retire Vera Bradley, Inc. announced on Thursday the planned retirement of president and chief executive officer Robert Wallstrom and the launch of a search for its next CEO. Vera Bradley CEO to retire. – Facebook: Vera…
