
Walmart Inc’s Flipkart will buy a 7.8 percent stake in Aditya Birla Fashion and Retail Ltd for 15 billion rupees ($204 million), the fashion retail company said, sending its shares up 6 percent on Friday.
339 published items with the word (s) or phrase Forever 21 in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
Walmart Inc’s Flipkart will buy a 7.8 percent stake in Aditya Birla Fashion and Retail Ltd for 15 billion rupees ($204 million), the fashion retail company said, sending its shares up 6 percent on Friday.
Authentic Brands Group, the parent company of the Los Angeles-based apparel retailer, has announced a partnership with AR Holdings in order to expand the brand’s presence in Latin America.
J.Crew is closing all six of its UK locations, including the massive flagship on Regent Street, calling in liquidators to its British operation and will serve the British market via its global webstore.
Cross-border e-commerce specialist Global-e has named a former Boden exec as its VP of Business Development and has also signed up Never Fully Dressed to its platform.
As news circulates about an imminent Chapter 11 bankruptcy filing from the historied American fashion retailer, potential buyers are reportedly preparing for a possible bidding war for the company.
John Varvatos, Sies Marjan, J.C. Penney, Neiman Marcus and J. Crew: a spate of defaults has hit the US fashion industry, the Covid-19 pandemic delivering a fatal blow to an already faltering market.
The premium clothing brand has reportedly drafted in advisers from RSM Restructuring Advisory to assess its retail footprint in the UK. It operates eight stores and concessions across England.
Forever 21 has relaunched its online store in the UK and mainland European markets by partnering with cross-border e-commerce specialist Global-e.
As part of the partnership, Walmart will offer nearly 750,000 pre-owned items of women’s and children’s clothing, accessories, footwear and handbags on Walmart.com.
Warpaint London, the beauty specialist that owns the W7 and Technic brands, reported 2019 results on Wednesday and said sales to the EU have grown, while a Tesco deal could be the first of many. But profits are down.