- Published in Fashion
British-Italian clothing brand Pepe Jeans has allegedly been purchase by a Lebanese group, called M1. Mere details separate the new owner from its 900 million euro purchase.
Turkish Eroglu Holding has acquired fashion brand Mexx and plans to relaunch several dozen stores all across Europe. The financial details have not been divulged, while negotiations about the Belgian branch are still on-going.
Earlier this month, it became clear that there were two possible buyers for Veritas, the Belgian retailer, and it seems that investment firm Indufin is now close to the chain's acquisition.
Japanese sports brand Asics is relaunching its legendary Tiger brand as it intends to produce 30 new items as part of the brand.
Spanish fashion group Mango will replace several high-level board members, particularly its CEO and CFO. Its current CEO, Enric Casa, will retire after nearly 20 years at the top of the company, while the company has also appointed a new Chief Financial Officer.