Paul Smith Group Holdings, the company that owns the Paul Smith trademarks, has filed its annual results for the year to June 30 2020 and said that the final quarter of that year was hit hard by the pandemic.
The owner of Tommy Hilfiger and Calvin Klein is focusing on its flagship labels and has sold its heritage brands for $220 million, in a deal that has made Authentic Brands (ABG) a specialist in formal American menswear.
The German luxury e-tailer announced on Wednesday that, as part of its aggressive expansion strategy in the U.S. and Canada, Heather Kaminetsky will be joining the company as president for North America on June 1, 2021.
Boohoo Group is set to acquire collapsed British department store group Debenhams in a cut-price deal that will result in the closure of the group's remaining department stores, the Financial Times reported on Sunday.
Frasers Group was reportedly racing to try to do a deal on Debenhams at the weekend, but reports also suggested that US-based Barneys owner Authentic Brands has both Debenhams and Arcadia in its sights.