Tag: financial
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American Apparel to file for bankruptcy as soon as Monday: sources
By Jessica DiNapoli NEW YORK (Reuters) – American Apparel LLC plans to file its second bankruptcy in just over a year as soon as Monday, weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder, according to people familiar with the matter. The company became a part of…
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Prada says shop closures to offset openings in 2016/17
Italian fashion house Prada will offset new shop openings with selective closures this year and the next in an effort to shield profit margins from weaker demand. “I don't see a real change in the market trend,” Prada Chairman Carlo Mazzi told an analyst call on Monday. “The problems of the market in terms of…
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The first 3D-printed New Balance sneakers going fast
New Balance Zante Generate Running Shoes will be available from Friday but only the sportiest of sneaker fans should apply. Only 44 pairs are being made – one for every year since current chairman Jim Davis bought the company. “New Balance is at the forefront of 3D printing and has been utilizing this exciting and…
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Beckham kicks off Valentine’s Day at NY Fashion Week
Victoria Beckham kicked off Valentine's Day at New York Fashion Week by sending a boyish yet fine-tailored feminine collection down the runway, supported by her famous family and winning lavish praise. Vogue editor in chief Anna Wintour led fashionistas braving minus 12 degrees Celsius (11 degrees Fahrenheit) to scurry inside and warm up in the…