It seems Bagir is losing patience. The tailoring specialist has been waiting several years now for an investment by Shandong Ruyi to complete and with no sign of that happening, it's taking action for breach of contract.
Go Global closed on the deal for the online women's retailer, which carries a range of women's indie and vintage clothing, shoes, handbags and accessories, on January 27, with financial backing from Tiger Capital Group.
The San Francisco-based apparel group has teamed up with the world’s largest fashion resale platform to encourage consumers to participate in the circular economy, becoming a partner in its Resale-as-a-Service program.
It will launch its drops strategy to maximise the opportunity for one-offs and exclusives provided by acquired firms such as Stadium Goods and New Guards, as well as its huge partner boutique and brand network.
With its new CEO and short-term funding in place, Laura Ashley has released a weak set of results with losses increasing and even e-tail sales dropping. But the firm is upbeat and sees international opportunities ahead.
Italy’s Aeffe Spa, owner of the Alberta Ferretti and Moschino fashion houses, expects its first-quarter results to be hit by the coronavirus outbreak in China, a top executive told Reuters on Wednesday.
A month after its spin-off from its parent company was scrapped, the Gap-owned brand has revealed that it will be exiting the Chinese market in the next few weeks, citing plans to refocus its international strategy.
German sportswear makers Adidas and Puma have both warned that the coronavirus outbreak was hurting their business in China due to store closures and fewer Chinese tourists travelling and shopping in other markets.