The European arm of US-based group HanesBrands has completed its separation from the parent company, and has adopted a new name inspired by its flagship brand, Dim, to express its operational independence.
UK start-up Provenance has secured €4.6 million in funding to tackle greenwashing via its transparency technology. The capital boost comes from investors across the “impact, consumer brand tech and Web3 ecosystems”.
Two monthly sales reports on Tuesday showed UK retail sales and consumer spending continued to recover. And the BRC and Barclaycard both said that clothing and footwear were among the strongest categories last month.
Swiss group Calida has bought German lingerie brand Erlich together with its parent company, the Vorfreude group, closing fiscal 2021 with sales up 19.2%, record profits and all its brands posting double-digit growth.
As Boohoo shares continue to struggle — currently sitting below 67p — it has emerged that Norway’s central bank has almost tripled its stake in the UK online fashion giant.
John Lewis will post its annual results next week and analysts are expecting a return to profit of at least £100 million. It's also working with suppliers to “review products that have components of Russian origin”.
More UK businesses are cutting ties with Russia with Next being the latest big name to join the exodus. The company has a distribution centre in the country and also sells online there.
After a year of fundamental changes for Hammerson, how’s the UK-based commercial property giant performing? On Friday, it reported a “strong" footfall recovery “in all territories” with occupier sales ahead of footfall.
Big-spending Castore has secured a new debt facility, believed to be for up to £20 million, with NatWest. The UK bank said the fast-growing sportswear firm had a "stellar growth trajectory”.
The high-profile bitter dispute between corporate titans in which Amazon has sought to block Reliance's planned $3.4 billion purchase of Future Group's retail assets is currently before India's Supreme Court.
Twenty-four Amazon investors are calling on the tech giant to increase transparency in tax disclosures and adopt a new reporting standard, the Financial Times reported on Sunday.
French luxury group Chanel has again increased prices on some of its products, after three price hikes in 2021, meaning some of its signature handbags now cost up to twice what they did before the pandemic in 2019.
After buying Jimmy Jazz at the end of 2021, German sneakers retailer Snipes has announced the acquisition of another US chain, Expressions, which operates 35 stores in the country.
U.S. retailer Hibbett Inc. announced of Friday total sales for the full year 2022 increased by almost 20%, despite weaker fourth-quarter revenue growth due to supply chain issues related to Covid-19.
The tony retailer is enticing customers back to its physical stores with unique and engaging retail activations with buzzy, luxury brand names.
