E-Commerce Firm Jumia Draws Takeover Interest From Axian
A deal between the biggest e-commerce platform in Africa and telecommunications company Axian would help both company expand across the continent.
As immigration raids in Los Angeles spur large-scale protests, the fashion industry has remained largely silent. The Debrief explores the reasons behind the muted response and the tangible actions brands can take to support vulnerable workers.
The industry’s newfound political neutrality is being tested. Meanwhile, fresh retail sales figures and trade negotiations will clarify the outlook for the rest of the year.
The Trump administration is rapidly stepping up immigration raids in US cities, touching off protests and legal challenges. Even if brands aren’t willing to weigh in publicly, they need a plan to support their workforce.
The latest US inflation data, covering the weeks after the Trump administration’s tariffs kicked in, shows prices for clothing declined at their fastest pace in years. Consumers shouldn’t get complacent though — many experts say sticker shock is still coming.
The latest US inflation data, covering the weeks after the Trump administration’s tariffs kicked in, shows prices for clothing declined at their fastest pace in years. Consumers shouldn’t get complacent though — many experts say sticker shock is still coming.
Football boots, also known as soccer cleats, are becoming unlikely fashion statements in the US, a market dominated by basketball sneakers for decades.
Under chief executive Matt Baer, the company has placed an emphasis on personalisation and purchase flexibility. The strategy appears to be working; Stitch Fix posted revenue growth for the first time Tuesday after 12 consecutive quarters of topline contraction.
Under chief executive Matt Baer, the company has placed an emphasis on personalisation and purchase flexibility. The strategy appears to be working; Stitch Fix posted revenue growth for the first time Tuesday after 12 consecutive quarters of topline contraction.
Sheena Butler-Young and Brian Baskin delve into whether this year’s high-profile campaigns, critical executive changes and a blockbuster sneaker release signal a newfound focus on female athletes.
As global sailing race SailGP embarks on its fifth season and prepares to be the subject of a new docuseries, fashion and beauty brands such as Tommy Hilfiger and L’Oréal are joining in as sponsors.
The ultra-fast fashion giant and partner Reliance Retail plan to rapidly expand their Indian supplier base and start overseas sales of India-made, Shein-branded clothes within six to 12 months, sources told Reuters.
US inflation data will offer a first read on the impact of Trump’s trade policy. Plus, The Business of Beauty Global Forum 2025.
Founder Emily Oberg discusses her entrepreneurial journey from Calgary to Los Angeles, transforming her passion for fashion and wellness into the cult lifestyle brand Sporty & Rich.
The Persson family, founders of H&M, are increasing their stake in the company, fuelling speculation of a potential move to take the fast-fashion retailer private despite official denials.
A deal between the biggest e-commerce platform in Africa and telecommunications company Axian would help both company expand across the continent.
The Persson family and its related companies owned over 60 percent of H&M's shares at the end of May, prompting speculation the company may return to private ownership.
As part of the arrangement, a group holding a slim majority of the struggling luxury retailer’s $2.2 billion of 11 percent bonds, will provide Saks an immediate $300 million loan, according to deal terms reviewed by Bloomberg.
Shein aims to submit the filing confidentially as soon as this week, a source familiar with the matter told Reuters. A second source said the filing was expected to be made by Monday.
CEO Elliott Hill said the company is making progress in its turnaround effort, though a return to growth will take time.
Retail is suffering from weak discretionary spending, margin compression and tightening credit conditions, pushing distress in the sector to the highest level since the global financial crisis in 2009.
The embattled fast-fashion company's repayment plan includes a settlement with lenders and former Forever 21 parent Sparc Group that’s designed to boost recoveries for unsecured creditors that stood to get pennies on the dollar.
Claire’s needs to address a nearly $500 million loan due in December 2026 and recently chose to defer interest payments on its debt to conserve cash.