Iconix Brand Group, Inc. the company with investments in Modern Amusement, Billionaire Boys Club, and licensee for brands like Ocean Pacific and Rocawear, announced this week that they have purchased 75% of Pony for $37 million in North America, with 25% by Anthony L&S, which licenses G-Star Raw Footwear. Iconix has the option to expand […]
Wet Seal Files for Chapter 11
The writing was on the wall for the teen retailer when on January 7 of this year, Wet Seal announced the closing of 338 stores and a lay-off of 3,695 employees. On January 16, 2015, Wet Seal announced that it had filed for chapter 11 bankruptcy. Ed Thomas, Wet Seal’s CEO said, “After careful consideration, […]
American Apparel’s CEO and Founder Dov Charney Ousted by the Board for Misconduct—Fate of Beloved Teen Brand on Hold
On Wednesday, June 18, 2014, Dov Charney, the out-spoken founder and CEO of American Apparel, was ousted by his board of directors. The reason was because of the ongoing investigations of misconduct towards women. “This is not easy, but we felt the need to do what we did for the sake of the company,” Allan […]
Top British Fashion Chain Topshop Sells Big Stake to LGP, Owners of J Crew in Lucrative Deal—How This Impacts USA’s New High Street Fashion Trends
The Topshop deal is stirring things up in British fashion as the high street powerhouse, Sir Philip Green, has now officially sold a 25% stake to Leonard Green & Partners, the owners of J Crew, garnering him some 500 million pounds. Topshop, also known for their high-voltage collaboration with Kate Moss and her collection which […]
Retail Round-up: Abercrombie Q2 Net Earnings Down 52%; Hollister Takes a Hit; H and M Up 11%, Plan to Make “Oscar-Looking” David Beckham Statues
Moving into back-to-school season, retail within many youth culture segments is looking grim. One of the worst was today’s announcement that Abercrombie & Fitch’s second quarter net earnings fell a dramatic 52% to $15.5 million. Mike Jeffries, Chief Executive Officer and Chairman of the Board of Abercrombie & Fitch Co., said: “The second quarter results […]
Zumiez Buys European Retailer Blue Tomato for 59.5 Million Euros
Blue Tomato, a well-known European action sports retailer based out of Austria, has been purchased by U.S. based Zumiez today, June 19, 2012 for 59.5 million Euros, with an agreement for an additional 22.1 million Euros contingent on future payments based on performance over the next 3 years. Part of a move to expand into […]
Volcom Buys It’s Japanese Distributor, Plus How the Street Fashion Scene Differs in Japan vs. USA
Japan continues be a hotbed target for Volcom as they continue to move internationally, however as we’ve studied, the street fashion scene, especially in Tokyo, is far different than what you’ll find anywhere else.
Finally, Quiksilver Sells Rossignol, But Takes a Bath on the Transaction
It’s been one of those “Euro’s vs. Americans” heated debates that lasted an ugly 2 years until finally, selling the brand proved to be the only best option. Here’s the story.