The acquisition has fallen through after six months of negotiations. The budget fashion chain led by Stefano Beraldo deemed the price excessive, after provisionally reporting net sales of €1.5 billion (up 11%) in 2022.
The textile/apparel trade show will hold its Spring/Summer 2024 session from Tuesday February 7 to Thursday 9 with 1,245 exhibitors, featuring a new Smart Tech section and once again the Maison d'Exception section.
THG Ingenuity has inked a strategic alliance with And Digital, the software engineering firm, “to accelerate digital transformation, help brands bridge the digital skills gap and unlock the potential of commerce tech”.
Collaborations continue to be a sure way to give brands a refreshing buzz or a way to update a product line. The latest is a tie-up between retail fashion giant Zara and footwear brand Clarks for a style reboot.
BMG has illustrated the importance of its developing menswear ops with news that it has acquired the Peckham Rye label. And it willl make the most of its "strong sense of old-school south London cockiness".
Texworld Evolution Paris 2023 will be home to most of the global sourcing for fashion brands, from ready-to-wear to luxury, at the Paris-Le-Bourget exhibition centre from February 6 to 8, 2023 in France.