American Apparel to file for bankruptcy as soon as Monday: sources

November 14, 2016 By creative

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 popular culture for its racy advertising and mercurial founder, Dov Charney. American Apparel has been trying to find a buyer for the company, and began discussing a possible sale with brand licensor Sequential Brands Group Inc as well as financial services company B. Riley Financial Inc after talks with brand licensor Authentic Brands Group LLC stalled.

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American Apparel to file for bankruptcy as soon as Monday: sources

Filed Under: Latest News Tagged With: apparel, brands-group, financial, lincoln, lincoln-road, miami-beach, people-familiar, popular-culture, riley-financial, teen-retailers, year-as-soon, york

Prada says shop closures to offset openings in 2016/17

April 11, 2016 By publisher

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 the world's economic situation and of changes…in consumers, especially the new generations…are quite clear for everybody.” Prada embarked on a breakneck retail expansion after listing on the Hong Kong bourse in 2011.

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Prada says shop closures to offset openings in 2016/17

Filed Under: Latest News Tagged With: call-on-monday, central, fashion-house, financial, market, prada-chairman, shield-profit, the-financial

The first 3D-printed New Balance sneakers going fast

April 11, 2016 By creative

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 innovative technology to customize product for our athletes for a number of years,” said New Balance President and CEO Robert DeMartini.

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The first 3D-printed New Balance sneakers going fast

Filed Under: Latest News Tagged With: financial, forefront, generate-running, prada-chairman, shield-profit, shoes, since-current, sneaker-fans, the-forefront, the-sportiest

Beckham kicks off Valentine’s Day at NY Fashion Week

February 14, 2016 By admin

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 neo-Renaissance surroundings of the Cipriani event space in Manhattan's Financial District for the fall/winter 2016 collection. Models strode the carpeted runway in checks, houndstooth and stripes in a collection that showcased Beckham's increasingly sophisticated and evolving personal style, her Spice Girls days long gone.

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Beckham kicks off Valentine’s Day at NY Fashion Week

Filed Under: Latest News Tagged With: carpeted, carpeted-runway, cipriani, fashion, financial, spice, spice-girls, valentine, victoria, victoria-beckham