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.
GOLD COAST, Australia — Billabong International Ltd., the unprofitable Australian surfwear company, accepted a refinancing proposal from a group including Oaktree Capital Management LP and Centerbridge Partners LP, saying it offered better terms than a rival plan to repay debt.