In April, Volcom was sold by Kering to a pool of investors including the US brand’s management. It has ambitious plans for the future, as Todd Hymel, CEO of Volcom’s new owner Liberated Brands, told FashionNetwork.com.
The brand development and licensing company confirmed with Fashion Network the acquisition of Hervé Léger. The French fashion house was acquired by Marquee Brands in August 2017 with the BCBG portfolio.
Saks Fifth Avenue, Coach and Kate Spade partner Tulip raised $40 million in funding led by Kleiner Perkins. The mobile app provider plans to put its funding towards international expansion and innovation.
Global Brands announced a new three-year plan and the goal of $5 billion in revenue by 2020. The new plan builds on the company's current fiscal year results that included an 11.6% increase in revenue.
Brand licensor Marquee Brands LLC is leading a consortium that is preparing a bid for BCBG Max Azria Group LLC, which would allow the U.S. fashion house to exit bankruptcy with a footprint of 15 to 20 stores.