In a rare takeover of a US firm by a UK-based one, yarns giant Coats Group on Monday said it has bought Patrick Yarn Mill for an initial price of $21m with the buy boosting its presence in performance and eco yarns.
Imports by retailers are estimated to rise 1.5 percent in December, indicating that companies are expecting strong sales through the holiday season, according to industry group National Retail Federation (NRF).
The Russian branch of French retailer Auchan has launched an internal investigation after suspected counterfeit products bearing the insignia of global soccer governing body FIFA were found on its shelves.
UK consumer spending has declined for the third month running, Visa said Monday, which wasn’t a surprise. But there was worse as it said 2017 is on track for “the worst consumer spending performance in five years.”
With every luxury brand executive racing to build a digital empire, it’s refreshing to sit down with Bruno Pavlovsky of Chanel; whose main focus for next year will be bricks and mortar, and live events.
Patagonia has joined a broad coalition that officially filed a lawsuit in federal court in DC against the Trump Administration, alleging the President illegally revoked protection of Bears Ears National Monument.
Kim Kardashian's Kids Supply clothing line has been accused of copying a Vetements dress that was custom made for Kardashian's daughter North, as well as a limited edition Comme des Garçons x Kosho & Co bomber jacket.