The apparel, footwear and brand management company announced on Wednesday that it successfully reduced its losses in fiscal 2019 despite revenue declines, as it reaped the benefits of its restructuring efforts.
On Monday, the staff of Parisian label Sonia Rykiel, currently in receivership, voiced their fears for the future, while the Paris trade court is set to rule in July on a still mysterious potential buyer.
An intense men’s fashion week starts in Paris on Tuesday, with the ‘Karl for Ever’ event and 60 catwalk shows, including rookie labels Bode, Phipps, Ludovic de Saint Sernin and Sies Marjan, and Balmain’s gig-show.
Parisian label Sonia Rykiel has filed for receivership and is looking for a new owner, FashionNetwork.com learned on Tuesday. The announcement comes after several years of declining sales at the label.
Following its acquisition of Invista's Lycra division, Chinese group Shandong Ruyi is reportedly planning to launch a $500 million IPO for the business, now operating as The Lycra Company, within the next three years.
As athleticwear and beauty continue to be strong trends among Gen-Z consumers, Piper Jaffray has released its semi-annual “Taking Stock With Teens” report, revealing strong progress for Vans, Lululemon and Ulta Beauty.