Avatars from DRESSX, which Warner Music Group has invested in. Photo Credit: WMG After kicking off 2022 by striking a deal with “digital collectibles platform” Blockparty, Warner Music Group (WMG) has closed out the year […]
Shared from www.businessoffashion.com. Nordstrom Inc forecast full-year revenue and profit above estimates on Tuesday, signaling strong demand for its upscale apparel and footwear as Americans resume normal life, and driving its shares up 38 percent […]
Shared from Business of Fashion Activist investment firm Macellum Advisors GP LLC is seeking to take control of retailer Kohl’s Corp’s board and has nominated 10 directors, according to two people familiar with the matter. […]
Shared from Business of Fashion Spanish fashion retailer Tendam is considering launching an initial public offering in Madrid in a deal that would value the company at €2 billion ($2.28 billion), newspaper Cinco Dias reported […]
Shared from Business of Fashion Long one of Russia’s top sellers of mid-priced shoes, the company was unable to make necessary shifts to keep up with online demand and suffered from both falling foot traffic […]
Shared from Business of Fashion Africa’s largest clothing retailer has acquired a majority stake in Brazilian retailer Grupo Avenida. The transaction, which came into effect on Feb. 4, is expected to be worth around 3.5 […]
Shared from Business of Fashion The shoe retailer and e-commerce marketplace owner has defaulted on bonds valued at 592 million roubles ($7.7 million), 99 percent of which are held by Moscow-based Promsvyazbank (PSB). “The group […]