Mulberry, the renowned British luxury handbag manufacturer, is facing significant challenges marked by a notable decrease in sales and increasing operational losses. Recent reports reveal that the company will reduce its head office workforce by approximately 25%, translating to about 85 job cuts from its corporate functions, as it strives to navigate through troubled waters […]
BoF VOICES 2024: Fashion’s Next Moves
At the recent Business of Fashion’s VOICES 2024 gathering in Oxfordshire, industry leaders gathered to discuss pivotal strategies and innovations shaping the future of fashion. The conference featured insights from prominent figures including designer Simon Porte Jacquemus, H&M CEO Daniel Ervér, and e-commerce executives like Lauren Santo Domingo and Michael Kliger, marking a significant moment […]
Groupe Dynamite Aims for $1.7 Billion Valuation in Canadian IPO
Groupe Dynamite Inc., a prominent Canadian retailer focusing on women’s apparel, has formally initiated its journey towards an initial public offering (IPO). By this move, the company is not only tapping into the public markets but also aiming for a significant valuation of C$2.3 billion, approximately $1.7 billion. This opportunity places CEO Andrew Lutfy in […]
Moncler Not in Talks to Take Over Burberry, Sources Say
In recent days, the luxury fashion industry has been buzzing with speculation surrounding a possible takeover of Burberry by Italy’s Moncler. However, insiders have now clarified that Moncler is not in discussions to acquire the British luxury brand, as reported by multiple sources. This clarification comes after a dramatic roller-coaster for Burberry’s stock, which saw […]
Burberry Shares Jump On Report of Moncler Takeover Bid
Burberry has made headlines as its shares surged by over 7 percent following speculation that Italian luxury brand Moncler is considering a bid for the British fashion icon. This unexpected rise in Burberry’s stock, which climbed to 872 pence in early trading on Monday, reflects a broader context of fluctuating consumer demand for luxury goods. […]