Sandra Stangl Is Exiting Banana Republic
Despite a brief uptick in sales, up 24 percent between 2021 and 2022, the brand’s growth has stalled.
The tie-up is a milestone for the skater-inflected London label and the American preppie-western giant, which has never done a streetwear collaboration and is trying to attract millennials.
Supreme’s partnership with private equity giant Carlyle is symbolic of streetwear’s high growth potential. BoF identifies the top acquisition targets in the space.
"In the space of eight years, founder Lev Tanju 's brand has gone from being Supreme's scrappy London sibling to a worldwide cultural force."
Fashion insiders from 27 countries celebrated the BoF 500 at a gala dinner at the London Edition hotel, with support by QIC Global Real Estate.
In a few years, the entrepreneur has turned his skateboard company into an influential creative force with its graphic designs.
Despite a brief uptick in sales, up 24 percent between 2021 and 2022, the brand’s growth has stalled.
The move comes as System owner Mike Obenson aims to turn what began as a bi-annual print title into a global media brand with a stronger digital offering.
Former Under Armour COO Colin Browne has been appointed to lead the industry organisation formerly known as the Sustainable Apparel Coalition.
The company also beat Wall Street targets for third-quarter results, hinting at a recovery in demand for beauty and cosmetic products in the US after a long bout of inflation.
The British brand’s share price, which has fallen by almost 60 percent this year, declined by a further 4.5 percent in early trading on Wednesday
Manzanita Capital has selected the investment bank Raymond James to conduct a sale of the premium British beauty retailer, per Sky News.
The British fashion and homewares company said Wednesday that full price sales climbed 5.7 percent in the first quarter, which was slightly ahead of an expected 5 percent rise.
The listing drew orders for multiple times the number of shares available and is contributing to a broad resurgence of European initial public offerings.