The American fashion group announced on Tuesday that it has entered into an agreement to sell its Intermix womenswear brand to Altamont Capital Partners as it pushes forward with efforts to streamline its portfolio.
As fashion rental services go this is claiming to be a UK first. US-based B2B rental tech platform CaaStle is expanding overseas to power a subscription rental service with UK menswear retailer Moss Bros from 20 April.
Not many countries manufacture as much fashion as Turkey, even if few of its designers are internationally known. That may be about to change, with fashion leaders in the process of creating a Turkish Fashion Council.
US Trade Representative Katherine Tai has said she was maintaining the threat of US tariffs on goods from Austria, Britain, India, Italy, Spain and Turkey in retaliation for their digital services taxes.
US cosmetics brand Fresh, owned by luxury group LVMH, is keen to make Europe one of its key markets, and is staging a soft launch in nine European countries via the e-shop of perfumery chain Sephora, also owned by LVMH.