Agenda-setting intelligence, analysis and advice for the global fashion community.
NEW YORK, United States — Sears Canada Inc., the struggling offshoot of Sears Holdings Corp., said it was seeking court protection from creditors in Ontario to carry out a restructuring plan.
“Sears Canada Group will work to complete its restructuring in a timely fashion” and hopes to exit court protection as soon as possible this year, the company said in a statement Thursday.
By Andrew Dunn.
While $1.75 billion in court-approved funding has brought labels back to the fold, the real test for vendors will come when that temporary safety net vanishes later this year.
A growing number of mass and premium brands are pushing upmarket with a more luxe look, better materials and, often, higher prices. This case study unpacks how these labels are navigating the tricky challenge of elevating a brand.
Brands from Prada to Abercrombie & Fitch will provide clarity on how the fashion industry is approaching the newly uncertain trade landscape. Plus, a preview of Paris Fashion Week.
The goods come from more than 380 brands, including Burberry and those owned by luxury powerhouses LVMH and Kering.
The American cosmetic giant’s buyout of Ayurvedic beauty line Forest Essentials came as a surprise. By picking an under-the-radar brand it knows well, the company can show that it’s still in the M&A game without needing to outbid rivals.
The underwear company is anticipating net sales of at least $6.85 billion in the current fiscal year, exceeding analyst estimates and marking the highest revenue since its split from L Brands Inc in 2021.
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Strong growth at Miu Miu helped lift results, but the Italian luxury group said that integrating Versace will weigh on margins in the near term as it begins the turnaround of the struggling brand
