Gap Inc on Thursday raised its full-year net sales forecast for the second time, betting on hot demand for its Old Navy and Athleta clothing brands as socializing makes a comeback with easing pandemic curbs.
The Swedish fashion week is back from August 31 to September 2 in a hybrid format combining digital and in-person events. It will open with a half-day conference on fashion, sustainability, technology and innovation.
After handing over the running of 22 regional stores to real estate company FIB in 2018, the French department store group has announced a new franchising project for another 11 branches, to be finalised in early 2022.
After taking a plunge last week following the announcement of China’s wealth redistribution plan, share prices for the leading luxury groups made up some ground earlier this week, though uncertainty lingers.
Another successful signing for Shaftesbury. Hot on the heels of adding more retailers to its Seven Dials development, the property giant will now add Mallet London to its Carnaby Street roster next month.
Big job. Big, big bonus. Michael Murray, who’s set to become chief executive of future-father-in-law Mike Ashley's Frasers Group, could be in line for a £100 million share windfall under a proposed pay package.