French accessories and ready-to-wear label Destree has raised funds from investors including Sequoia Capital China and female celebrities such as Beyoncé, Rihanna and Gabriela Hearst.
Gucci owner Kering said on Thursday its sales rose 21% over the first quarter, as strong demand for its high-end fashion labels in the US and Europe helped offset disruption to business in China.
Thank goodness for lockdown savings and buy-now-pay-later services. It appears both will be key in consumers maintaining their spending habits despite increased pressure on household budgets, according to a report.
UK-based distribution firm Focus Brands has added to its global portfolio, acquiring the licences for American military apparel brand Avirex, and French sportswear brand Patrick.
Pepco’s latest set of results on Thursday showed “strong strategic progress and trading growth achieved despite a challenging trading environment” for the budget retail giant.
News of Farfetch’s big-league move into beauty dominated the headlines this week, but with its Browns unit also taking a deep dive into the category, the developments here are just as interesting.
E-tail giant Amazon has unveiled its new Buy With Prime offer in the US that expands Prime shopping benefits beyond its own webstore.
Online beauty and technology group THG reported its preliminary results for last year on Thursday, plus a Q1 trading update that showed it weathering the current inflation and supply chain storm fairly well.
Athleticwear company Lululemon announced on Wednesday a new five-year target strategy outlining its plan to double revenue by 2026 to $12.5 billion.
The U.S. denim giant, owner of Levi's, Dockers and Beyond Yoga, is growing vigorously and is upgrading its logistics organisation, in order to bolster growth and expand direct-to-consumer sales.
Troubled fast-fashion firm Misguided is losing its founder and CEO with Nitin Passi stepping down from leadership of the firm, it emerged on Wednesday.
Farfetch made a major move in beauty as of April 20 with the online retail giant launching the super-category on its e-tail marketplace and via its Browns and New Guards Group subsidiaries.
Michael Kors announced on Tuesday the launch of its first-ever children’s line, featuring clothing and accessories for girls aged 4 to 14 years old.
Victoria’s Secret & Co. announced on Tuesday the launch of a new fully digital brand for tweens, as the U.S. giant continues to expand beyond its namesake lingerie brand, and looks to enter the metaverse.
Italian fashion influencer Chiara Ferragni has signed a global license agreement for the production, distribution and promotion of a first line of fragrances in her name, with producer Angelini Beauty.
