The American fashion retailer announced on Monday that it has acquired New York and Tel Aviv-based AI start-up CB4, as it seeks to transform its retail operations with the use of AI and machine learning.
Lockdowns were actually a positive for some companies. Endura was one of them, with the Scotland-based cycle gear producer riding high after consumer interest rocketed last year when the pandemic spread globally.
UK grocery and general merchandise retailer Morrisons is being acquired by the group that made a rebuffed bid for it earlier this year, with American group Clayton, Dubilier & Rice winning the auction at the weekend.
Coty Inc announced on Friday a definitive agreement to sell an approximate 9 percent stake in its hair care brand Wella to KKR in exchange for some of the cosmetic maker's shares the U.S. buyout firm owns.
Capri Holdings announced on Thursday that Versace has extended its license agreement with EuroItalia, the Italy-based global fragrance and cosmetics company, as well as entered into a new agreement with Michael Kors.
G-III, the parent company of the Donna Karan and DKNY brands, has announced that it has entered into a long-term licensing agreement with international perfume group Interparfums concerning the two labels’ fragrances.
Next, one of Britain's biggest clothing retailers, warned it may struggle to deliver its normal service in the run up to Christmas unless the government relaxes post-Brexit immigration rules to allow more workers in.
H&M Group sales are continuing to recover as its markets reopen, although it’s not bouncing back as fast as some rivals. That said, its net sales in local currencies increased by 14% year-on-year in Q3.
Boohoo Group hit another sales record in the first half with the company reporting H1 sales were even closer to the magic £1bn figure and that it doubled its market shares in the UK and US over the last two years.