The receivers are continuing to operate the businesses while an urgent sale campaign is undertaken.

HM Group operates around 4,100 stores globally, with 940 stores across Asia, Oceania (including AU/NZ) and Africa.

This comes as the global sleepwear market is set to hit a value of US$25 billion by 2034.

The beauty category is experiencing double-digit growth year-on-year at The Iconic.

Investors think Australia's lingerie market is set for a boom in the next few years.

ARC CEO Chris Rodwell says this decision does add another layer of cost to many retailers' bottom line.

This comes after the retailer updated its payment terms for suppliers.

Kathmandu has delivered double-digit same store sales growth for the first time in over two years.

The brand’s total sales hit NZ$291.4 million, driven up thanks to FX movements.

Kathmandu and Rip Curl's parent company wants to raise NZ$65.3 million in new equity.

“The cut will make a meaningful difference in the short term, particularly for small retailers," ARC CEO Chris Rodwell said.

Luxottica has 21 franchisees and 387 franchisor-owned or operated units operating across Australia.

This follows recent major updates for the department store’s beauty category.

“It will be much more difficult to replicate the current growth in the months ahead," chairman Warren Bell shared.

Shark Beauty has returned as the presenting partner, with some runways being open to the public.

The owner of Kathmandu and Rip Curl was supposed to release its audited half-year FY26 trading update on Wednesday last week.