Archive | January, 2024

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With Chico’s Acquisition, Private Equity Sycamore Partners Builds A $6 Billion Fashion Powerhouse

In a deal valued at $1 billion priced at $7.60 per share, private equity firm Sycamore Partners just acquired specialty fashion retailer Chico’s FAS, including the flagship Chico’s brand along with White House Black Market and Soma intimates.The Chico’s brands will be merged under Sycamore’s recently formed Knitwell Group that includes the Ann Taylor and […]

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As The Luxury Market Evolves, White Space Abounds If Brands Know Where To Look

The luxury market, including its goods and experiences, will end the year up eight to 10 percent over 2022 at current exchange rates, which is pretty dynamic considering the hefty comps it is up against. Expected to hit €1,508 billion ($1.65 trillion), it will have advanced between 18 to 20 percent over 2019, according to […]

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Coupang Gives Farfetch A Lifeline, Throwing Good Money After Bad

Farfetch Holdings, the online luxury marketplace and technology platform, reached the precipice of insolvency late last year. A last-minute $500 million bridge loan from the $21 billion South Korea’s Coupang gave the company a lifeline. Currently, Farfetch has a market value of $258.4 million.Since going public in 2018, Farfetch has proven to be a black […]

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Nike Is Losing Its Competitive Edge

Nike delivered some coal to investors’ stockings in the second quarter 2024. The quarter ended November 30, so it includes a good chunk of holiday sales.Revenues advanced a mere 1% to $13.4 billion, and the company warned third-quarter revenues would be down slightly, suggesting it doesn’t expect a robust late-season holiday surge either.Given greater visibility […]

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Luxury Outlet Stores Are Booming, But Brands Take Risks Putting Goods On Sale

Gucci is celebrating the 70th anniversary of its iconic Horsebit hardware motif, introduced first on men’s loafers in 1953. It tapped the brand archives to host a museum exhibition at Milan Men’s Fashion Week this summer and recruited NewJeans’ Hanni, Halle Bailey, and Julia Garner as the face of a new campaign supporting the Horsebit […]

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