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Michelle Russell

INDIA: Future Group to merge retail units

11 September 2012 | Michelle Russell

India's Future Group has received board approval for the merger of its Future Value Retail and Pantaloon businesses. ... read more


US: PVH Corp appoints Grieder as Tommy Hilfiger CEO

30 October 2013 | Michelle Russell

Apparel giant PVH Corp has appointed its Europe CEO Daniel Grieder to the role of Tommy Hilfiger global chief executive.... read more


US: Jones Group Q3 sales climb on lower costs

30 October 2013 | Michelle Russell

US clothing and footwear company The Jones Group has booked an increase in third-quarter earnings, boosted by lower costs on the year ago period.... read more


US: Coldwater Creek slims workforce expense in restructuring

30 October 2013 | Michelle Russell

Struggling women's apparel retailer Coldwater Creek has initiated a restructuring programme that involves slimming its workforce expense by 20%.... read more


US: Frederick's of Hollywood agrees to be taken private

20 December 2013 | Michelle Russell

Frederick's of Hollywood Group has entered into a deal to be taken private by a group including HGI Funding, valuing the intimate apparel brand at around US$11m.... read more


US: Clinton exploring financing for potential Wet Seal deal

19 December 2013 | Michelle Russell

Activist investor Clinton Group has said it is looking at financing options for a possible acquisition of US women's apparel retailer Wet Seal.... read more


US: Jones Group snapped up by Sycamore Partners

20 December 2013 | Michelle Russell

US clothing and footwear company The Jones Group is to be bought by private equity firm Sycamore Partners in a deal worth US$2.2bn.... read more


Spotlight on...Can Sycamore turn Jones Group fortunes around?

20 December 2013 | Michelle Russell

Jones Group shares jumped nearly 5% in late trading yesterday (19 December) on the long anticipated news the struggling US clothing and footwear firm is finally set to get a new owner.... read more


US: Finish Line swings to Q3 profit, ups guidance

23 December 2013 | Michelle Russell

US athletic apparel and footwear retailer Finish Line has moved to a profit in the third quarter and raised its earnings and sales guidance for the full year. ... read more


US: Sale charges hit Q1 Neiman Marcus earnings

19 December 2013 | Michelle Russell

Neiman Marcus Group swung to a loss in the first quarter as charges from its sale to a private-equity firm hit earnings.... read more


US: Destination Maternity signs online deal with Macys.com

17 December 2013 | Michelle Russell

Destination Maternity Corp has signed an exclusive supply deal with US retailer Macy's for its e-commerce business.... read more


US: Mirage Fashions recalls Yoki leather jackets

17 December 2013 | Michelle Russell

US clothing retailer Mirage Fashions has recalled a batch of girl's leather jackets due to a potential hazard posed by its hood drawstring.... read more


US: Loehmann's again files for bankruptcy

17 December 2013 | Michelle Russell

US fashion retailer Loehmann's Holdings has filed for Chapter 11 bankruptcy protection for a third time and said it plans to sell substantially all of its assets.... read more


US: Hampshire Group expects FY losses, optimistic on outlook

23 December 2013 | Michelle Russell

Hampshire Group has said it will report another year of losses and poor results in fiscal 2013 but expects to produce positive cash flow and EBITDA in its next financial year.... read more


US: Jos A Bank Clothiers rejects Men's Wearhouse bid

23 December 2013 | Michelle Russell

Men's apparel and footwear business Jos A Bank Clothiers has said it will not accept a takeover offer made by Men's Wearhouse.... read more


UPDATE: US: Men's Wearhouse "surprised" at Jos A Bank bid rejection

23 December 2013 | Michelle Russell

The Men's Wearhouse has expressed its "surprise" at the rejection of its acquisition proposal by men's apparel and footwear business Jos A Bank Clothiers.... read more


US: Columbia Sportswear files patent lawsuit against Seirus

11 December 2013 | Michelle Russell

Outdoor apparel and footwear firm Columbia Sportswear has filed a lawsuit against Seirus Innovative Accessories for infringement on its patent for insulating Omni Heat reflective material.... read more


Spotlight on....Divestments key to Quiksilver turnaround

10 December 2013 | Michelle Russell

US surfwear brand Quiksilver has had a somewhat busy year as it implements a long-term strategy designed to boost its bottom line. The company has chosen to divest some of its assets in a bid to strengthen its core brands, which industry observers believe may be key to turning the group's fortunes around.... read more


CANADA: Canada Goose sells majority stake to Bain Capital

11 December 2013 | Michelle Russell

Canada Goose, the maker of cold weather outerwear, has completed a deal to sell a majority stake in the company to private equity firm Bain Capital.... read more


US: Frederick's of Hollywood Q1 losses widen

11 December 2013 | Michelle Russell

Intimate apparel brand Frederick's of Hollywood Group saw its net losses widen in the first quarter as it faced marketing and inventory challenges during the period.... read more


US: Dickies signs SG Footwear licensing deal for kids

11 December 2013 | Michelle Russell

Work wear apparel brand Dickies has signed a licensing deal with SG Footwear allowing it to broaden its product range to include children's footwear.... read more


US: New York Transit snaps up Charles David of California

12 December 2013 | Michelle Russell

Footwear firm Charles David of California has been acquired by US shoe business New York Transit, Inc.... read more


US: Quiksilver swings to Q4 loss, sales slide

13 December 2013 | Michelle Russell

US surfwear brand Quiksilver has swung to a fourth-quarter loss and booked a drop in revenues as it continues with its profit improvement plan.... read more


US: Cherokee optimistic despite Q3 profit decline

13 December 2013 | Michelle Russell

Global brand management business Cherokee has offered an optimistic outlook despite booking a decline in third-quarter earnings and flat sales.... read more


US: Costs push Gymboree Corporation to Q3 net loss

13 December 2013 | Michelle Russell

Tax impacts and acquisition adjustments pushed The Gymboree Corporation to a net loss in the third quarter, while sales declined.... read more


US: Former Guess exec joins Lucky Brand as CEO

13 December 2013 | Michelle Russell

Lucky Brand Jeans has appointed former Guess executive Carlos Alberini as its chief executive officer.... read more


US: RG Barry enters into purchase agreement with Mill Road

16 December 2013 | Michelle Russell

RG Barry Corporation has entered into a non-disclosure standstill agreement with Mill Road Capital Management for the purchase of the US footwear firm.... read more


US: Avery Dennison signs Round Rock RFID licensing deal

9 December 2013 | Michelle Russell

RFID solutions specialist Avery Dennison has signed a licensing deal with Round Rock Research that will see it accelerate the adoption of radio frequency identification (RFID) at the item level.... read more


US: AAFA welcomes Innovation Act passage

9 December 2013 | Michelle Russell

The American Apparel and Footwear Association (AAFA) has welcomed the introduction of the Innovation Act 2013 by the US House of Representatives, but suggested there is room for improvement on key provisions.... read more


US: Abercrombie & Fitch reworks CEO contract

9 December 2013 | Michelle Russell

Abercrombie & Fitch has reworked its contract with CEO Michael Jeffries to see his compensation paid in line with company performance.... read more


US: American Eagle Outfitters records "unsatisfactory" Q3

6 December 2013 | Michelle Russell

Teen apparel retailer American Eagle Outfitters said its financial performance in the third quarter was "unsatisfactory" after it recorded a slump in earnings.... read more


US: Charges hit Zumiez Q3 earnings

6 December 2013 | Michelle Russell

US sportswear brand Zumiez booked a drop in earnings in the third quarter hurt by one-off charges but offered an optimistic long-term outlook.... read more


US: Genesco Q3 sales, earnings fall

6 December 2013 | Michelle Russell

Apparel and footwear retailer Genesco saw its earnings tumble in the third quarter as same-store sales dropped.... read more


US: Penn University urges apparel licensees to sign Accord

6 December 2013 | Michelle Russell

The University of Pennsylvania has implemented a policy requiring all companies producing its collegiate apparel to sign the Accord on Fire and Building Safety in Bangladesh.... read more


US: Gulf Coast Spinning to invest in Louisiana cotton plant

6 December 2013 | Michelle Russell

Gulf Coast Spinning, a new venture formed to transform cotton into high-quality yarn for manufacturers, is to invest US$130m in a spinning facility in Bunkie, Louisiana.... read more


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