Isak Andic, the visionary founder of the Spain-based fashion giant Mango, has passed away tragically at the age of 71. His untimely death occurred on Saturday following an accident in which he fell down a ravine near the Salnitre caves close to Barcelona, as recently reported by El Pais. Andic was a significant force in […]
Real Estate Can’t Save Department Stores
Department stores in the United States are at a crossroads, with numerous retail giants struggling to maintain profitability amidst increasing competition and changing consumer behaviors. Investors, however, continue to eye their real estate assets, believing that selling off these properties offers a quicker path to financial recovery. Yet, history has shown that this strategy rarely […]
J.Crew: How to Build an ‘Ageless’ Brand
As one of America’s iconic retailers, J.Crew has faced its fair share of challenges over the years, especially after emerging from bankruptcy in 2020. Under the leadership of CEO Libby Wadle, who assumed her role during the tumultuous period of the pandemic, J.Crew has not only regained its footing but is projected to reach a […]
Saks Owner Hudson’s Bay Is Selling Junk Bonds for Neiman Deal
In a significant move within the luxury retail market, Hudson’s Bay Co. has turned to the junk-bond market to finance its acquisition of Neiman Marcus Group. This approach indicates the company’s strategic positioning to consolidate its place in a fiercely competitive segment. The bond sale, estimated at $2 billion for a five-year term, is set […]
Mike Ashley Calls for Accountability at Boohoo in Bid for Board Seat
Billionaire Mike Ashley has made headlines once again by renewing his bid for a board seat at Boohoo Group Plc, the online fashion retailer currently struggling with performance issues. Ashley, who owns over a quarter of Boohoo’s shares through his company Frasers Group Plc, describes the company as “underperforming” and lacking a “clear strategy to […]
This Week: Will Zara’s Charmed Run Continue?
In the dynamic landscape of fast fashion, Zara stands as a prominent figure. Over the past few years, the brand has enjoyed a charmed existence, consistently appealing to its consumer base and outperforming numerous rivals in the fashion industry. As the world anticipates the quarterly performance report from Inditex, the parent company of Zara, on […]
Starmer Plans to Leave Scrutiny of Shein IPO to UK Regulator
In a significant move within the ongoing discourse surrounding corporate governance, the UK government has decided to delegate the examination of Shein’s initial public offering (IPO) in London to the Financial Conduct Authority (FCA). This decision comes amid calls for more thorough scrutiny of Shein’s labor practices, specifically regarding allegations of using forced labor linked […]
Asos Battling for Turnaround in Tough Market
In a challenging landscape for online retailers, Asos, the British fast fashion giant, is projected to face considerable hurdles as it tries to regain growth by 2025. The company recently reported an 18% decline in sales over the past six months, aligning with prior expectations, yet signaling a larger crisis in a competitive market. This […]