Apparel Group, a renowned global fashion and lifestyle conglomerate, has announced a significant strategic partnership with Clarks, a leading global footwear brand. The collaboration aims to accelerate the expansion of Clarks’ retail presence across the Kingdom of Saudi Arabia (KSA) by opening more than 20 stores over the next five years. The alliance between Apparel…
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Onebeat Raises $10M in Funding to Expand AI-Enabled Retail Platform
Onebeat, an AI-enabled retail-tech company based in Tel Aviv, Israel, has secured an additional $10 million in funding. The funding round was led by Magenta Venture Partners, with participation from AnD Ventures, INcapital Ventures, J-Ventures, Surround Ventures, and Wilson’s Bird Capital. The fresh funding will be utilized by Onebeat to fuel the expansion of its…
Tips for Choosing the Right Summer Camping Outfits
Summer camping provides an opportunity to connect with nature, enjoy outdoor activities, and experience a break from the routines of everyday life. During summer camping trips, individuals or groups engage in various recreational activities, including hiking, fishing, swimming, boating, wildlife observation, campfire cooking, stargazing, and more. It offers a chance to unplug from technology, relax…
Baby Bunting welcomes new CEO Mark Teperson
SYDNEY, AUSTRALIA: Baby Bunting Group Limited (ASX: BBN), Australia’s largest specialty retailer of maternity and baby goods, today announced the appointment of Mr Mark Teperson as Managing Director & CEO, effective 2 October 2023.Mr Teperson is a highly regarded retail leader with more than 20 years’ experience across retail and fintech. He has a proven…
JD Sports Fashion to acquire Groupe Courir S.A.S for an enterprise value of €520 million
LONDON, UK: JD Sports Fashion has entered into exclusive negotiations with the owners of Groupe Courir S.A.S with regards to the potential future acquisition of 100% of the issued share capital of Groupe Courir for an enterprise value of €520 million. The business is currently majority owned by Equistone Partners Europe which acquired Courir in…
OG Kicks to open first London store in Carnaby shopping district
LONDON: OG Kicks, a popular sneaker retailer, has chosen the vibrant Carnaby shopping district for the opening of its first store in London. The store, set to launch in May, will be located in Foubert’s Place and will offer a unique buy, sell, and trade experience for sneakerheads and footwear fashion enthusiasts. The 1,564 square…
Bank of England hikes interest rates by 25 basis points to 4.25%
LONDON, UK: The Bank of England on Thursday hiked interest rates by 25 basis points as it grapples with persistent high inflation. The Monetary Policy Committee voted 7-2 in favor of raising the Bank rate to 4.25%, in a widely anticipated move after official data on Wednesday showed that U.K. inflation unexpectedly jumped to an…
Bunzl plc announces sale of its UK healthcare division; acquisitions
LONDON, UK: Bunzl plc, the specialist international distribution and services Group, has signed agreements to acquire four businesses and agreed to the sale of its UK healthcare division. Together, these transactions are expected to be profit neutral to the Group and will generate a small cash inflow. They reflect Bunzl’s ongoing discipline around returns focused…
Vulcan Industries disposed of IVI Metallics Limited
LONDON, UK: Vulcan Industries plc (AQSE: VULC) has disposed of the entire share capital of IVI Metallics Limited. IVI Metallics Limited specialises in the manufacture of precision quality tacks and nails, (including threaded, hardened and plated products) both for the footwear, and other industries requiring the highest quality standards. IVI was significantly affected by COVID,…
Coats Group to acquire of Rhenoflex GmbH for €115 million
LONDON, UK: Coats Group, the world’s leading industrial thread manufacturer, has signed a definitive agreement to acquire 100% of Rhenoflex GmbH, one of the leading global manufacturers of sustainable structural material solutions for the footwear industry, for an enterprise value of €115 million (c.$117m). Following the recent acquisition of Texon, this represents a synergistic bolt-on…
Bureau Veritas acquires AMSfashion
PARIS, FRANCE: Bureau Veritas announced the acquisition of AMSfashion, a company expert in sustainability, quality and conformity services for the fashion industry, including organic/vegan content verification and durability testing. AMSfashion, an AMSlab business unit, offers advanced analytical solutions for the textile and footwear sectors, and extensive experience in cosmetics analysis. It supports brands and suppliers of all sizes to…
Unbound Group announces initial launch of curated multi-brand platform
LONDON, UK: Unbound Group plc confirmed the initial launch of its curated multi-brand platform, as scheduled, which offers a range of partner brands for its core 55+ customer demographic. The further Autumn Winter launch of the platform is on track to be completed in September. Alongside its core Hotter brand, the Group is initially launching…