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wpadmin
Catch all the latest news about footwear industry acquisitions, and licensing and distribution agreements here. Got a deal in the works? Tell us at web@footwearnews.com. Oct. 19, 2020: Private equity group Tattarang has acquired Australian heritage footwear brand R.M. Williams from L Catterton for an undisclosed amount. Founded in 1932, R.M. Williams is best known for...
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Over the past year, retailers across all categories have had to adjust how everyday business operations are run. To better understand how small businesses are adapting, Chase Ink conducted a survey asking small business owners what changes they have made to overcome the new challenges presented by the pandemic. Notably, 64 percent of small business...
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LONDON — As the first luxury brand to work with Chinese fashion influencer Tao Liang, professionally known as Mr. Bags, to develop limited-editions bags and sell them through his WeChat mini program “Baoshop,” which has become a solid way for brands to engage with China’s hard-core handbag collectors, Tod’s is introducing a new bag shape,...
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Toys “R” Us has a new e-commerce partner. The toy retailer’s digital and fulfillment services, which had been supported by Target since October, are now in the hands of Amazon. Today, shoppers who browse and select merchandise on the ToysRUs.com website will be redirected to the product’s page on Amazon.com where they can purchase the item....
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It’s not over yet. In March, retailers were forced to temporarily shutter their doors due to COVID-19. Five months later, companies are continuing to deal with the fallout from the virus — and as cases continue to ramp up, more store closures may be on the horizon in some states. In fact, California made the...
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As the coronavirus pandemic drags on, online shopping habits continue to evolve. Even with the easing of lockdown measures in most U.S. states (with some now reverting), a lot of people are still investing in staying at home, according to trends seen by media companies with large or growing affiliate businesses. This includes Wirecutter, owned...
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Primark has rejected tens of millions of pounds from the British government. The department store announced over the weekend that it would not take advantage of the country’s funding scheme, which would’ve provided it 30 million pounds, or nearly $38 million at current exchange, for bringing back its furloughed workers. “I can confirm that Primark...
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LONDON – Yet another British fast fashion retailer, Quiz, has launched a probe into one of its factories in Leicester, England, a city that is quickly making a name as the country’s sweatshop capital. Quiz, which is headquartered in Glasgow, Scotland and is quoted on the London Stock Exchange, said  Monday it is investigating “an...
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With bankruptcy purportedly imminent, Ascena Retail Group is reportedly preparing to close at least 1,200 stores. The retailer, could file for Chapter 11 protection as early as this week, according to a Bloomberg report, with an agreement in place to shed about $700 million of its $1.1 billion in debt. Across its banners — including Ann...
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MILAN — Leading cosmetics manufacturer Intercos Group said Wednesday it has taken over the joint venture it created with fashion and beauty retailer Shinsegae International by acquiring the remaining 50 percent of Shinsegae Intercos Korea Inc. Financial details of the deal were not disclosed. The operation mirrors Intercos’ strategy of further investing in the country, leveraging...
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