US clothing company G-III Apparel Group has agreed to acquire Sonia Rykiel, a French luxury fashion brand for an undisclosed price. The European luxury fashion brand in question was created by late French fashion designer Sonia Rykiel. Her brand had liquidated operations in 2019. G-III Apparel Group said that it intends to expedite the relaunch […]
Sundance, a lifestyle retailer of women’s and men’s apparel and accessories owned by Hollywood actor Robert Redford, has opened a new store in the Greater Detroit Area. Located in The Village of Rochester Hills, the new Sundance store spans an area of 4,120 square feet. It is the lifestyle retailer’s first location in Michigan. Matey […]
PacSun, a California-based teen apparel retailer, is expanding with new stores in Los Angeles and New York City. The newly opened PacSun Los Angeles store is spread across 5,000 square feet, while the New York teen clothing store which spans 8,000 square feet is set to open on 19 March. Alfred Chang – PacSun President […]
Walmart acquisition of Bare Necessities : US retail giant Walmart has acquired Bare Necessities, an American online lingerie retailer for an undisclosed price as per the latest retail acquisition news. Bare Necessities is one more addition to Walmart’s portfolio of digital apparel brands such as Bonobos, Modcloth and ELOQUII. Bare Necessities, established in 1998, offers […]
VF acquisition of Williamson Dickie : American worldwide apparel and footwear giant VF Corporation has signed an agreement to acquire workwear manufacturer Williamson-Dickie in an all-cash deal worth around $820 million. VF Corporation says that the Williamson Dickie acquisition aligns with its commitment to active portfolio while boosting its growing workwear platform further. The subsequent […]
Retail industry news : Gymboree Corporation, an American children’s apparel retailer, has announced its decision to shut down business at about 350 of its stores to channelize its financial resources on potentially profitable locations. According to the latest apparel retail news, the stores closure from the American clothing retailer is in accordance of a court-supervised […]