Global Fashion Group released preliminary Q2 figures on Friday and said that it expects the period to be its second profitable quarter on an adjusted EBITDA basis, as well as its first cash flow-positive three months.
The struggling British fashion and accessories brand, which is closing its Paris and Hong Kong offices, is reportedly also on the verge of discontinuing its ready-to-wear and footwear licences from Spring/Summer 2021.
Few fashion organizations have had a busier spring than the Fédération de la Couture et de la Mode. FashionNetwork.com met with Pascal Morand and Séverine Merle to discuss Paris' upcoming digital menswear fashion week.
Bazaarvoice has acquired social commerce solution Curalate to "create a powerful offering to lead the growing visual commerce trend, where consumers increasingly buy based on user-generated visual content”.
JD Sports' boss has hit out at the UK's business rates relief, questioning why supermarkets that have been open during the lockdown get the relief. He thinks some should have gone to landlords to help them cut rents.
Boohoo is moving quickly to protect its business as a supply chain scandal causes e-tailers such as Asos and Zalando to delist its brands. But the firm also said its wholesale ops are small as D2C is its focus.
Bestseller said it has ended printed NOOS (‘never out of stock’) B2B catalogues for Vero Moda with the label “having gone ‘all in’ on their digital transformation. A shift that benefits colleagues and customers”.
Fashion retailer AllSaints has won creditor backing for its UK and US CVA proposals. It means it can proceed with its plans to downsize the chains with a small number of closures and strike new rent deals.