Business

BREAKING: Topshop’s Parent Arcadia Group Files For Bankruptcy

UNITED KINGDOM — British multinational fashion retailer Topshop’s troubled parent Arcadia Group, owner of eight retail brands, has filed for bankruptcy in the U.K., the company...

Jessica Lomax Named Executive Vice President, Global Head Of Design At Calvin Klein

NEW YORK, UNITED STATES — After almost two years later, Calvin Klein has finally found its global head of design. The company has named Jessica Lomax...

Migos’ Rapper Quavo Acquires Minority Stake In Legends

CALIFORNIA, UNITED STATES — Rapper Quavo of the Hip-Hop group, Migos is now adding apparel owner to his forever growing resume. He just acquired...

Printemps To Shutter Stores, Cut 428 Jobs In Restructuring Plan

Printemps de la Beauté in Paris. PARIS, FRANCE — French retailer Printemps said that it plans to close four of its department stores and three...

BREAKING: VF Corp. To Buy Iconic Streetwear Brand Supreme For $2.1 Billion

NEW YORK, UNITED STATES — Iconic streetwear brand and retailer, Supreme has a new owner. Current investors The Carlyle Group and Goode Partners will sell...

French Investor Eurazeo SA Sells Farfetch Stake

PARIS, FRANCE — In March 2019, D.M. Fashion Book reported that Eurazeo SA has sold its remaining stake in Moncler, worth about 4.8 percent of the...

Instead Of 500, Nike Will Now Cut At Least 700 Jobs At Oregon Headquarters

BEAVERTON, OREGON — Last summer, D.M. Fashion Book reported that American multinational corporation Nike, Inc. announced that at least 500 workers will lose their jobs in its Beaverton, Oregon,...