The latest news
Daniel Wellington unveils handbag line amid major strategic shift
Amid the splendor of the Ritz in Paris, Daniel Wellington unveiled its debut handbag line, the latest new development amid a major strategic shift for the Swedish watchmaker.
Happy Armani buoyant in 2022, says China bounces back in Q1 2023
Armani Group’s 2022 results have shown ongoing progress at one of the world’s best-known luxury names as net revenues jumped 16.5% to €2.35 billion and profit rose even faster.
Uniqlo denies Russia exit plan, says no change to current suspension
Recent press reports that Japanese retail giant Fast Retailing is pulling its Uniqlo chain out of Russia entirely and selling up may have been wide of the mark.
Kaporal is the subject of five takeover bids, which will be examined on June 22
In receivership, the fashion chain is attracting interest from five potential buyers, including current Kaporal managers, the brand's founder Laurent Emsellem and Le Temps des Cerises.
Outdoor clothing brand Passenger gets new investment
Passenger, a UK-based outdoor clothing brand, is gearing up for faster expansion following an investment round that saw £15 million being pumped into the business.
M&S sales continue to rise as fashion stays strong
M&S’s annual results offered more evidence of the strength of its turnaround with the retail giant reporting higher sales and headline profits, although operating profits were hit by tough comparisons and higher costs.
Charles Jeffrey Loverboy launches pre-spring collection for first time
Following the recent decision for Charles Jeffrey Loverboy to move from two collections a year to four, the label has launched its first-ever pre-spring offer for 2024.
Ludovic de Saint Sernin leaves Ann Demeulemeester
Barely six months after Ludovic de Saint Sernin was appointed creative director of Ann Demeulemeester the house has announced the departure of the designer. No successor has been named.
Giorgio Armani to stage One Night Only in Venice
Giorgio Armani will stage his latest One Night Only fashion and soirée event in September in Venice amidst the celebrations for the lagoon city’s annual film festival, its 80th edition.
Loss-making Boohoo smiles through the pain, predicts better year ahead
It was no surprise that Boohoo swung to a statutory loss in its latest full year as sales fell and costs rose, although the company remains upbeat for the medium term and its ability to get back to profitable growth.
Adeju Thompson of Lagos Space Programme wins Woolmark Prize 2023
Adeju Thompson, founder of Nigeria-based Lagos Space Programme, has won the International Woolmark Prize for 2023, nabbing first place in the oldest and most esteemed fashion award.
Zara takes on former Topshop store in Leeds
Zara has been opening a series of flagship stores in the UK and the latest will be at Trinity Leeds where it’s taking over the former home of Topshop.
London Designer Outlet sees "strongest ever April"
London Designer Outlet’s performance continues to highlight the strength of outlets overall, with it saying this week that it saw its “strongest ever April”. Sales rose 16% year on year and 17% since April 2019.
A.K.A. Brands swings to loss, sales down by double-digits on low orders
A.K.A. Brands announced on Thursday first-quarter net sales decreased 18.8% to $120.5 million, driven by a decline in the number of orders and average order value during the quarter.
ASOS loss widens, but it highlights foundations laid for profitability return
ASOS took an upbeat stance in announcing its half-year results Wednesday, talking of how it's creating strong foundations for a return to profitability. But there’s no denying that the H1 figures didn't look good.
From red to blue: Hugo Boss to launch denim-based Hugo label next year
Hugo Boss had big news on Monday with a brand new line set to launch for summer 2024. Called Hugo Blue, it follows the company’s brand refresh last year that saw its Hugo and Boss labels being reinvented.