The US$220m deal will allow PVH to focus on its global growth brands Calvin Klein and Tommy Hilfiger.
Israel-based apparel manufacturer Delta Galil Industries will design, manufacture and distribute men’s and women’s underwear collections under Adidas' Badge of Sport and Originals labels.
Canadian retailer Hudson's Bay Company (HBC) and leading growth capital investor Insight Partners have entered into a partnership to establish Saks Off 5th’s e-commerce business as a standalone entity.
Carole Kane, the co-founder of UK fast-fashion retailer Boohoo has survived a reported investor revolt to remove her from the board, winning strong shareholder support.
UK retail sales slipped in May – the first full month of trading since non-essential retail reopened for business – with consumer demand for apparel waning as bad weather led to a washout month.