Today, April 2, 2013, Billabong again asked for a halt in trading while confirming that the two take-over bids are still in review and plans for a big announcement are to be made this week. The ongoing drama for the surf and action sports brand has been brutal. In January, VF and Altamont Capital Partners […]
Urban Outfitters is on a roll and their music-inspired fashion themes are working. Today, March 11, 2013, they reported their fourth quarter financials with profits up 110% since last year at this time to $82.55 million from $39.26 last year. Urban Outfitters, owners of the popular brand Free People, Anthropologie, BHLDN, and Terrain also continues […]
Punk rock/Goth inspired retailer Hot Topic just landed a huge deal, getting bought by the private equity firm Sycamore Partners, owners of brands like Talbots, for $600 million. Hot Topic shareholders will get $14 a share as part of the deal, which is a whopping 30% above the closing price yesterday, March 6, 2013. […]
There’s been a lot of buzz around Vans lately, first with their announcement that they are stepping in as the title sponsor of the U.S. Open of Surf in Huntington Beach, CA this summer, replacing the role that Nike and Hurley held onto for several years, and now their recent collaboration with Metallica, topped by […]
Fast-fashion giant H&M is on a tear early this year, first with their financial reports indicating strong sales in Q4 up 9%, and big plans for expanding stores in China and the U.S. H&M has also completed a mobile-adapted H&M shop online which was launched in H&M’s 8 existing online markets in January 2013. According […]
American Apparel remains a leader when it comes to youth culture preferences and as it continues to move into various style categories beyond its roots of T-shirts and first layer pieces, consumers are moving along right with the brand. On February 7, 2013, the vertically integrated brand based in downtown Los Angeles reported a comparable […]
Financials are coming in for the New Year and two of the most important ones to watch are the fast-fashion giants, H&M and Uniqlo (Fast Retailing). First, H&M had a big announcement, yesterday, January 9, 2013 saying that they will launch their & Other Stories, a strong brand within the H&M group, in the Spring […]
In the continuing struggle to hang on, Billabong announced yesterday, November 18, 2012, that Paul Naude, Director of Billabong and President of the Americas will stand aside temporarily in order to investigate the possibility of putting forward a proposal for a leveraged buyout of the Company. Billabong has been struggling for some time. As a […]
While many brands continue to struggle in this difficult economy, VF Corp., owners of brands such as Vans, The North Face, Lee, Wrangler, Seven for All Mankind, Timberland, and Eastpak, announced yesterday, October 22, 2012, total revenues increase of 14% for the 3rd quarter. “Having achieved yet another quarter of record revenue, gross margin and […]
While TPG continues to work on plans for possibly acquiring Billabong, Quiksilver’s 20% shareholder Rhone Capital, a private equity firm, may be checking it out too. According to a recent story in Transworld Business, via The Australian, there’s another interested party in the Billabong crisis, which is Rhone Capital. This sounds very rumor-like, but an […]