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.
ABG and its operating company reached an agreement today with the American outdoor apparel retailer’s owner, PSEB Group. The transaction is expected to close by June 1, pending US and Canadian approvals. ABG will own Eddie Bauer’s intellectual property, and the brand’s operating business will become part of the SPARC portfolio — which already includes brands like Brooks Brothers, Lucky Brand and Forever21. ABG has been on a bit of a buying spree over the past 18 months, adding those three brands, as well Barneys New York, under its umbrella.
For ABG, which hopes to tap into the growing outdoors market, international expansion and category growth are key parts of brand strategy. Launches in China and Korea will initiate that growth, as the brand looks to expand in Latin America, Europe and the Asia-Pacific region.
Joan Kennedy is Editorial Associate at The Business of Fashion. She is based in New York and covers beauty and marketing.
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.