Victoria's Secret & Co said on Tuesday it will sell a 49% stake in its China business to a Hong Kong-based lingerie maker for $45 million in cash, aiming to boost sales with the help of a local partner.
The British Fashion Council (BFC) has released the schedule for next month’s London Fashion Week. It runs from February 18 to February 22 as a digital-physical hybrid, showcasing both women’s and menswear brands.
Which has been more costly to British businesses, Covid or Brexit? Both, according to ParcelHero. Its research reveals that the “self-inflicted wound” of Brexit has cost UK businesses as much as the Covid pandemic.
Isak Andic, founder of the Spanish retailer Mango, creates a board of directors for Punta Na and appoints himself as chief executive. His children Jonathan, Judith, and Sarah Andic will also form part of the board.
Chinese fashion retailer Shein is reviving plans to list in New York this year and its founder is considering a citizenship change to bypass proposed tougher rules for offshore IPOs in China, sources said.