As news circulates about an imminent Chapter 11 bankruptcy filing from the historied American fashion retailer, potential buyers are reportedly preparing for a possible bidding war for the company.

Levi's announced its commitments to providing further financial support to its garment workers, after the company appeared on a list of brands that had not yet fully paid suppliers for already made product. 

Verishop launched on Tuesday a new social shopping app that will ultimately compete with the biggest social media platforms in shoppable social content. 

The Plano, Texas-based department store retailer has added two NYC locations to the list of stores that it is closing in the wake of its Chapter 11 bankruptcy filing in May.

Retailers Next, Zalando and Amazon are delisting products made by Britain’s Boohoo Group following a media report about dire working conditions in an English factory that supplied the popular brand.

Levi Strauss & Co on Tuesday cautioned its business would be hit in the second half of the year, even as the brand’s sales have been improving at its reopened stores, following government-mandated Covid-19 lockdowns.

Walmart Inc is close to launching its membership program, a direct competitor for online retail giant Amazon.com Inc’s Prime service, according to reports on Tuesday.

Uruguayan designer Gabriela Hearst has announced plans to move her next runway show to Paris during the French ready-to-wear season this fall, in a major win for fashion in the City of Light. 

Pentland Brands is to “hibernate” its sneaker brand Boxfresh and cut around 350 jobs as part of a strategic review of its global business.

Talk about a concise couture concept. Chanel unveiled its latest haute couture collection on Tuesday online, a stylish video that referenced the legendary Paris nightclub Le Palace in just one minute and 22 seconds.

Boohoo shares continued to plunge on Tuesday after weekend allegations linking it to illegal factories in Leicester had driven the share price down sharply on Monday.

Fashion retailer AllSaints has won creditor backing for its UK and US CVA proposals. It means it can proceed with its plans to downsize the chains with a small number of closures and strike new rent deals.

JD Sports Fashion continued to progress globally last year and despite the damage the pandemic has caused, it remained optimistic for its future prospects as it delivered its full-year results.

Ventures backed by big-name entertainers Kanye West and Francis Ford Coppola were among those approved for loans under a U.S. government program to help businesses survive the coronavirus pandemic.

The department store retailer has reportedly informed the landlords of its full-price namesake locations and its off-price Nordstrom Rack stores that it will only pay half of its occupancy costs for the rest of the year.

Intesa Sanpaolo has provided Moncler with a financing credit line for a maximum of 400 million euros linked to its sustainability objectives. The quilted jacket brand has also renewed its eyewear license with Marcolin.