The latest news
Swiss watchmakers counting the clock until Chinese tourists return
Switzerland's major luxury watch brands are cautiously optimistic that Chinese tourists will boost sales this year, if they return to Europe in large numbers after the easing of domestic Covid restrictions.
Denmark's Wheat launches exclusively with thelittleloop
In a UK first, Danish brand Wheat has launched exclusively via clothing rental platform thelittleloop, “bringing a new level of style and sustainability to the children's clothing market for parents in the UK”.
StockX links with London Lions
It’s been a busy commercial March for London Lions. Fresh from a varsity jacket collaboration with fashion label Beautiful Struggles, the pro basketball team also has a new principal partner, StockX.
Aeffe names Khoa Nguyen president of US subsidiary
The Italian fashion group has promoted Khoa Nguyen, Aeffe USA’s senior vice-president, to the post of president. He succeeds Michelle Stein, who has been in charge of the US market for 40 years.
Seasalt enters resale as part of Reskinned deal
Cornish fashion and lifestyle brand Seasalt is building on the sustainability partnership it entered with Reskinned in February and on Friday announced its entry into the resale arena more quickly than expected.
Seraphine buyout to complete early next month
Seraphine’s time as a listed company is nearly over. It said Friday that the Bidco subsidiary of its majority owner has received acceptances for its buyout offer adding up to almost 96% of the shares.
69% US consumers willing to pay more for sustainable products
Consumers in the US remain invested in eco-conscious practices, according to a survey from Blue Yonder, a digital supply chain company.
Esprit makes annual loss but stays upbeat for future
Esprit Holdings has released its results for 2022 and as previously flagged, the company made a loss. In fact, its operating loss was HK$642 million compared to a profit of $416 million a year earlier.
Most UK consumers now have pre-owned items, clothing most popular category
Around 25% of people in the UK have no pre-owned items in their wardrobes, according to a new study, although while that might be bad news from one angle, it also means that 75% are already switched on to pre-owned
M&S Icons launch feeds into pared-back trend, highlights retailer's confident comeback
M&S has introduced a new curation it says will help its customers “build a timeless wardrobe by getting behind its range of elevated staples with the launch of M&S Icons”.
Dior in Mumbai: Midway to métier d'art with a Mumbai soul
With Bollywood stars and Indian aristocracy sitting front row, Dior staged its latest show before the famed Gateway of India, a collection that celebrated Mumbai’s great métier d’art – intensely unique embroidery.
Polish e-commerce firm Allegro eyes higher Q1 profit, shares rise
Poland's biggest e-commerce platform Allegro said it expects core earnings to rise in the first quarter as it focuses on cost control, sending its shares up as much as 15% on Thursday.
Alibaba considers yielding control of some businesses in overhaul
Alibaba Group said on Thursday it will look to monetise non-core assets and consider giving up control of some businesses, as the Chinese tech conglomerate reinvents itself after a regulatory crackdown.
Primark's UK workers to get 12% pay rise
Primark's 26,000 retail assistants in Britain are to get an inflation-beating average pay rise of 12% from April 1, the fashion retailer said on Thursday.
New Look tech chief to leave at end of month
There’s been a lot of change at New Look lately with the company confirming a week ago that it would make job cuts at its HQ. And the firm’s technology chief is departing imminently after resigning in January.
WGSN owner says revenue rises, but non-fashion is growth driver
Up-for-sale WGSN could have a new owner before the end of April. That’s the news from UK-based specialist information and analytics owner Ascential that earlier decided to offload the UK-based business in January.