In a rare takeover of a US firm by a UK-based one, yarns giant Coats Group on Monday said it has bought Patrick Yarn Mill for an initial price of $21m with the buy boosting its presence in performance and eco yarns.
Troubled international retail conglomerate Steinhoff, whose shares plunged last week after disclosing accounting problems, said on Sunday it had appointed two advisory firms ahead of a meeting with lenders on Dec. 19.
Apple Inc Chief Design Officer Jony Ive is returning to day-to-day management of the company’s design teams after handing off managerial duties two years ago to focus on other projects, Apple said on Friday.
The menswear tradeshow will shift locations for its winter edition. Departing Paris' Maison de la Mutualité, the event will head to the city's Marais district from January 19 to 21, with a scaled-back layout.
The cool reception suggests the $550 billion newcomer will need to trim its margins and ramp up stock selection, and eased the market’s worst fears about its potential to devastate brick-and-mortar incumbents.
Black Friday may have been expected to deliver a major boost to UK fashion stores but not only did it not do that, the race to buy online and general consumer caution meant that early December was weak too.
MCH Group, which owns exhibitions such as Art Basel and Baselworld, is looking to gain a foothold in the UK and expand its international portfolio as it announces the acquisition of art show Masterpiece London.