Shandong Ruyi, the Chinese apparel conglomerate, hasn’t secured its financing deal yet!Image Courtesy: pinterest.comOwing to the ongoing Coronavirus outbreak in China, Ruyi is unable to raise US $ 600 million funds for the acquisition of Swiss luxury brand Bally, as it had planned earlier. It has been more than 2 years now since the deal was announced.The deal was finalised in February 2018 without disclosing financial details. Stakes in Bally had to be purchased from Luxembourg-based JAB Holdin

With an overall brand value rise of 38 per cent, the Latin American retail sector has outperformed all other categories in the 2020 BrandZ Top 50 Most Valuable Latin American Brands report, launched recently in Mexico City by advertising and public relations firm WPP and consulting firm Kantar, both based in the United Kingdom.Pic: ShutterstockThe huge growth in retail compares to just 2.6 per cent growth in value of the overall BrandZ LatAm ranking this year, according to a Kantar press release

Luxury fashion rental platform Armarium has been unable to sustain itself in the current retail landscape, and hence will be shutting shop on 7 March.Image Courtesy: thecurrentdaily.comThe brand, started by Trisha Gregory and Alexandra Lind Rose in 2016, tried to bring forth a unique concept within an industry harbouring a surfeat of rental platforms.Armarium offered higher-end, event-driven offerings as compared to the mundane subscription model.Continuallyfocusing on omni-channel presence with

New York Fashion Tech Lab (NYFTLab) –the industry pioneer in endorsing fashion, beauty and retail-tech advancement– has unveiled its seventh program.As technology is sought to be shaping the future of the industry, the 2020 Lab Companies include emerging technology firmsproviding market-ready solutions such as commercialising solution-based technology including predictive analytics, in-store consumer engagement, AI-powered product personalisation, advanced 3D/AR, circular economy and sustainabil

Callaway Golf Company has appointed technical apparel veteran Joe B. Flannery as the company's executive vice president for apparel and soft goods.Mr Flannery has more than 25 years of experience with global activewear brands, most recently as senior vice president and general manager of Newell Brands' technical apparel division, consisting of Marmot, ExOfficio and Coleman apparel. Prior to that, he has held leadership positions with The North Face, Adidas and other global brands.In his

New Look, a leading multichannel retailer operating in the value segment of the clothing and footwear market, announced net revenue of £830.1 million in third quarter (Q3) FY20 ended on December 28, 2019. This performance reflected reduced store base and reduced markdown activity, company reported. However, statutory loss before tax improved to £1.2 million.Pic: New Look"We have delivered a robust third quarter performance given the tough market conditions, as we maintained good control ove

, Europe's leading online platform for fashion and lifestyle, has posted 23.6 per cent increase in its gross merchandise volume (GMV) to €8.2 billion in full fiscal 2019 compared to €6.6 billion in FY18. Revenue for FY19 that ended on December 31, 2019 grew 20.3 per cent to €6.5 billion compared to €5.4 billion in same period prior year.Pic: Zalando"We look back at a very successful year. We achieved strong financial results in every single quarter," Zalando CFO, David Schröder, sa

On December 10, 2019, the board of Ted Baker plc, the global lifestyle brand, announced several actions focused on addressing underperformance and improving efficiencies across the wider group. Since that announcement, the group’s management team has conducted a wide-ranging review of Ted Baker’s operational efficiency, costs and business model.Pic: Ted BakerIn conducting this operational review of the business, the management team has identified a number of key strategic priorities. These inclu

M&S launches a new tool to connect more with their customers through personalised recommendations.Image Source: www.drapersonline.comThe tool stores the customers’shopping history to give more accurate and better recommendations.Also,it provides appointment reminders and suggestions for new products.The customer-booking details will now be available just through a scan. As the tool is linked to the M&S Spark loyalty card, it allows customers to scan their cards at store, which retrievest

If you are waiting for spring, which is a monthaway, Prada’s store in SoHo is a breakaway to feel those vibes!Yes, you hear it right!Prada debuted its ‘Hyper leaves’ at Galeria Lafayette in Paris. Drawing inspiration from nature, the blend of ‘reality and imagination’ creates a subtle background for the mannequins wearing designer labels spring/summer collection.The oh-so-pleasing neon structures perfectly twin with the real plants and a ceiling high tower on the lower level. Graphics of ferns a