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M&S to Host Reality Competition Series to Find its Next Fashion Designer

Retail TouchPoints

British retailer Marks & Spencer (M&S) is on the hunt for a new fashion designer, and the search will play out on screens across the UK in a new reality TV series set to arrive on ITV1 and ITVX this fall.

Fashion 260
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New Fast Fashion Powerhouse: Shein Teams Up with Forever 21

Retail TouchPoints

Shein has acquired an approximately one-third interest in Forever 21’s operator SPARC Group , a joint venture that includes Authentic Brands Group and Simon Property Group , with SPARC becoming a minority shareholder in Shein. Financial terms of the deal were not disclosed.

Fashion 240
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Authentic Brands Group Buys Footwear Brand Rockport

Retail TouchPoints

Authentic Brands Group has received approval from the U.S. In addition, Authentic has signed a long-term licensing agreement with Marc Fisher Footwear , a leading full-service fashion footwear company and the U.S. million and buying the Boardriders group of brands, both in April 2023.

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New KnitWell Group Encompasses Ann Taylor, Loft and Talbots Brands

Retail TouchPoints

Sycamore Partners has created a new holding company for its Ann Taylor , Loft and Talbots brands, the KnitWell Group , which will also provide oversight and shared services to the plus-size women’s apparel brand Lane Bryant. Sycamore had bought the brands from Ascena Retail Group for $540 million in November 2020.

Apparel 245
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Avatar Fashions Inspire New F21 Collection

Retail TouchPoints

Forever 21 is celebrating its one year “meta-versary” with the launch of a metaverse-inspired, real-world fashion collection. The crossover activation was developed in partnership with metaverse consultancy Virtual Brand Group (VBG). The collection also includes a real-life version of the fan-favorite Forever Beanie, which was the No.

Fashion 265
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Expanding the ‘Digital Closet’: Warner Music Group Invests in DressX

Retail TouchPoints

Warner Music Group (WMG) will partner with and invest in digital fashion retailer DressX , gaining a platform for select WMG artists to design their own virtual fashion lines. The company is committed to sustainable fashion, promoting the digital garment market as a way for consumers to showcase their style digitally.

Fashion 275
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Report: Frasers Group Acquires Missguided for $25.1 Million

Retail TouchPoints

UK-based Frasers Group , parent company of Sports Direct , House of Fraser and Flannels , has reportedly acquired digital fashion retailer Missguided for $25.1 The fast fashion company first fell into financial difficulties in fall 2021 but was saved when private equity firm Alteri stepped in to buy a controlling stake.

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