The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
American fashion group PVH said Wednesday it is selling off brand trademarks and other assets for IZOD, Van Heusen, Arrow and Geoffrey Beene, as it looks to focus on its core global brands, Calvin Klein and Tommy Hilfiger. The transaction is expected to close during the third quarter of this year, subject to regulatory approval.
The deal comes amid a wave of consolidation in the American retail sector, with groups including Gap and Ralph Lauren shedding smaller labels to focus on a tighter portfolio of brands. ABG, a licencing company that owns Forever 21, Barneys New York, Juicy Couture and Nine West, has been an active player. In May, it joined forces with SPARC to acquire outdoor brand Eddie Bauer. The company is reportedly also planning for an IPO this year, according to Bloomberg.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.
The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.
Nordstrom, Tod’s and L’Occitane are all pushing for privatisation. Ultimately, their fate will not be determined by whether they are under the scrutiny of public investors.