Archive | Clothing & Apparel

RSS feed for this section
the-nix-company-4Hmj9gkyM6c-unsplash

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 […]

Comments Off on With Chico’s Acquisition, Private Equity Sycamore Partners Builds A $6 Billion Fashion Powerhouse Continue Reading →
jp-valery-mQTTDA_kY_8-unsplash

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 […]

Comments Off on Coupang Gives Farfetch A Lifeline, Throwing Good Money After Bad Continue Reading →
bruno-nascimento-PHIgYUGQPvU-unsplash

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 […]

Unknown

J.McLaughlin: Out Of The Shadows Into The Fashion Spotlight

J.McLaughlin started as a men’s haberdashery shop on Manhattan’s Upper East Side in 1977. Opened by brothers Jay and Kevin McLaughlin, the store was designed to fit into its upscale neighborhood with classic men’s fashion that fit right in too. Originally, J.McLaughlin dressed men, but early on, women asked for the same fashion sensibility for […]

Comments Off on J.McLaughlin: Out Of The Shadows Into The Fashion Spotlight Continue Reading →
joel-muniz-S35L8gdaHxA-unsplash lvmh

Hitting The Wall? Luxury Market Leader LVMH’s Growth Slows

On the surface, LVMH just reported very reassuring numbers in its third-quarter earnings update. Organic growth totaled 14% through the first nine months of 2023. However, the company took a 4% hit due to exchange rate fluctuations, so adjusting for that, sales advanced 10%, from $60 billion last year to $66 billion this year (€56.5 […]

Comments Off on Hitting The Wall? Luxury Market Leader LVMH’s Growth Slows Continue Reading →