The latest news
Spartoo CEO Boris Saragaglia on overcoming 2022 and his ambitions for the company
Saragaglia explained to FashionNetwork.com how 2022 severely tested the flexibility of the French footwear e-tailer’s strategies, and mentioned plans to rejuvenate the clientèle and potentially make new acquisitions.
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.
Boss opens virtual showroom as part of Metaverse Fashion Week
Boss, the Hugo Boss-owned label, said it’s “taking a bold step into the metaverse on the heels of a critically acclaimed Spring/Summer 2023 Fashion Show in Miami”.
Uniqlo and Theory to open Covent Garden combo flagship
After opening a joint giant-sized Uniqlo-Theory space on London’s Regent Street, the owner of both brands, Fast Retailing, is clearly pleased with the results and will open another in Covent Garden late next month.
H&M profit gets Q1 Sellpy boost, says womenswear, COS and Arket are strong
H&M’s Q1 results showed the company increasing operating profit, net profit and sales in the three months to the end of February. But challenges remain and many spring season sales have been delayed by cold weather.
High-end rental and resale report could see rapid fivefold growth says Bloomberg study
There's a massive opportunity in the rental and resale market with Bloomberg Intelligence saying in a new report that the higher end of this market could grow fivefold as soon as 2025 with resale a particular focus.
Wolverine places Sweaty Betty under new leadership, reveals UK job cuts
Wolverine Word Wide Inc. announced on Wednesday plans to move its Sweaty Brand brand to its London-based international group, in addition to revealing job cuts within its UK workforce, as it looks for a new CEO.
Tommy Jeans is latest collab for busy Aries
Luxury streetwear brand Aries is having a busy month with the London-based label following up a Yoox collaboration earlier in March with a Tommy Hilfiger link-up this week.
Safesize secures €14m funding for international growth
Greek retail tech company SafeSize has raised €14 million in Series B funding with participation of Phaistos Investment Fund as well as existing investors Convent Capital and 3TS Capital Partners.
Next has good year, says price rises will slow
Fresh from news of its latest acquisition — Cath Kidston — Next has reported its annual results and as is usually the case with the company, it achieved a performance many peers would envy.
New Look boosts CX, logistics with ParcelLab, Wincanton link-ups
New Look has been ramping up its CX and logistics capability with news this week of two developments on the less glamorous side of the fashion industry.
Adidas retracts opposition to Black Lives Matter design
Sneaker giant Adidas has retracted its request to the U.S. Trademark Office to reject an application for a Black Lives Matter trademark featuring three parallel stripes.
Next confirms Cath Kidston acquisition for £8.5m
Next has confirmed its widely expected purchase of the Cath Kidston brand. In the briefest of stock exchange announcements the company said it's paying £8.5 million for the brand.