Today, BoF can exclusively reveal that Australia-based custom footwear e-tailer Shoes of Prey has raised a $5.5 Million Series A round, led by Khosla Ventures.
Billabong is ready to open new stores. The company based in Gold Coast, Australia, closed or sold about 34 percent of its locations over the past three years as it slashed debt by A$394 million ($333 million).
From Australia’s wild west coast to the Canadian hinterland, new wealth from oil and gas is helping to turn remote cities into fashion-hungry hubs.
Black Milk’s rabid fan base is the driving force behind the fast-growing Australian clothing brand, influencing everything from product design to marketing. BoF examines one of fashion’s most obsessive fandoms.
SYDNEY, Australia — Shareholders of David Jones Ltd, Australia's No. 2 department store by sales, on Monday backed a $2 billion bid by South Africa's Woolworths Holdings Ltd, ending weeks of uncertainty over the intentions of top shareholder Solomon Lew.
For the first time, Australian Indigenous Fashion Week provides a platform for the country’s Aboriginal designers.
SYDNEY, Australia — South African retailer Woolworths Holdings Ltd is set to buy Australia's second-largest department store David Jones for $2 billion, trumping an offer from Australian rival Myer Holdings Ltd with a hefty premium.
SYDNEY, Australia — Law firm Slater & Gordon Ltd said on Thursday it was preparing a class action lawsuit against Australian surfwear company Billabong International Ltd over alleged misleading conduct in information disclosure.
Under pressure from international competition, unaffordable real estate and manufacturing woes, Australia’s fashion industry is facing a crisis. But there are signs of hope amidst the gloom.
SYDNEY, Australia — Billabong International Ltd., Australia’s largest surfwear company, posted its fourth consecutive half-yearly loss after A$65.6 million ($59 million) of one-time costs compounded a 4.6 percent fall in sales.
SYDNEY, Australia — David Jones Ltd., Australia’s second-largest listed department store company, rose the most in two months after it said it received a merger proposal in October from larger rival Myer Holdings Ltd. that it rejected.
With the launch of Sneakerboy, Chris Kyvetos, a member of the recently launched BoF 500, is targeting a new generation of luxury consumers with a highly covetable selection of sneakers and an innovative digital retail model that blends the tactility of a physical store with the efficiencies of the Internet.