Kasper Rorsted, the CEO of German sportswear brand Adidas, has urged British lawmakers to consider a second referendum on Britain’s withdrawal from the EU, as he warned of the impact on the European economy.
Joules may have seen its margins dented in the AW18 and Christmas season but it continued to expand at home and abroad as shoppers bought into its lifestyle offer despite reining-in their spending elsewhere.
Epic Rights, a boutique merchandise and branding company with retail licensing partners including 21 Savage, Britney Spears, and the Jimmy Hendrix brand Authentic Hendrix, has been acquired by Bravado.
San Francisco Equity Partners (SFEP) has acquired a majority stake in skincare company Jane Iredale, adding to its list of partner companies including skincare brand Yes To and cosmetics label Japonesque.
Foot Locker, Inc. has made a $2 million investment in Pensole Inc., allowing the footwear company and its vendor partners to foster new talent and gain early access to collaborative design and new manufacturing talent.
Upscale Hugo Boss had a good Christmas trading period with the German firm saying its Q4 sales rose and that profits will grow in FY19. It was helped by growth in the UK, France and China, plus its webstore expansion.