Walmart might announce Flipkart deal by end of week
As the race between Amazon and Walmart has gone on to see who will buy Flipkart, Business of Fashion has reported that Walmart could be coming out on top by the end of this week. If this deal is finalized, it would be the biggest acquisition Walmart has ever made. Walmart and Google's parent company […]
EQT acquires stake in Dunlop Protective Footwear
Danielle Wightman-Stone
EQT Mid Market Europe fund has announced that it has acquired a majority stake in Dunlop Protective Footwear, the leading global manufacturer of protective wellington boots, and will support the brand on its "global growth" ambitions. The majority stake was acquired from Dunlop Protective Footwear's […]
Delta Galil to acquire Eminence Group, prominent underwear player in France
Israeli textile firm Delta Galil Industries Ltd. announced that it has signed an option to acquire Eminence SAS and its subsidiaries, known as the Eminence Group. The group manages underwear brands Eminence and Athena in France and the Italian underwear brand Liabel. Delta Galil said in a press release […]
Amazon puts in bid for Flipkart
It's now a race between Amazon and Walmart to see who will get to claim the coveted prize of Flipkart. As FashionUnited reported last month, Walmart seemed to be on its way to closing a deal to take a majority stake in Flipkart. Walmart seemed better poised to buy Flipkart because the transaction would've […]
Machine learning becomes fashionable: retailers use automated inventory management
Angela Gonzalez-Rodriguez
Clothing and fashion make up the majority of the more than 530 billion euro the European e-commerce sector is worth. The fashion industry is buoyed by online marketplaces and new technology primarily applied to the improvement of the supply chain and the customer's experience. "The next generation of […]
Christopher & Banks seals leaseback agreement for the sake of greater financial flexibility
The U.S. womenswear chain, which operates 462 stores in 45 states, has secured a 13.65 million dollars agreement with a private, unaffiliated investor group to sell and lease back its corporate headquarters. The company expects the deal "to provide greater financial flexibility as we execute on our […]
Perry Ellis signs license deal to market Gotcha brand in North Africa
Perry Ellis International, Inc. has signed a license agreement with Casablanca-based retail group, Kennek FZE for them to source and distribute a full range of products from surf, skate and ski brand Gotcha in North Africa. Kennek, which is the manufacturer and distributor in North Africa for brands […]
eBay and PayPal finalise new payment deal
Auction marketplace eBay has confirmed that it will offer PayPal as a way to pay on its website until July 2023, making PayPal a payment option on its new intermediated payments model. "PayPal has been a great partner for eBay, and as part of our new payments experience PayPal will continue to be a […]
Walmart closes in on Flipkart deal
Suning launches concept store for imported European goods in China, Jiwu
Zadig & Voltaire looks for investor to push growth