British fashion tech company Ordre, an online showroom platform serving department stores, multibrand retailers and luxury pure players, has announced a successful funding round to finance its expansion.
Boohoo Group has signed a partnership deal with Alshaya Group to build on the presence of Debenhams in the Middle East and also take other brands in its portfolio to the region via stores rather than just online.
L Brands Inc. said on Tuesday the firm is increasing its second quarter earnings guidance, as strong customer response to merchandise assortments and improved inventory management saw promotional activity reduced.
Italian luxury group Brunello Cucinelli raised its 2021 sales guidance for the second time this year on Tuesday after revenues jumped in the three months to June, accelerating a recovery from the pandemic.
Paul Smith Group Holdings, the company that owns the Paul Smith trademarks, has filed its annual results for the year to June 30 2020 and said that the final quarter of that year was hit hard by the pandemic.
UK-based online marketplace OnBuy.com has raised £35m in series A+ funding. This will enable it “to further develop its product offering for both sellers and consumers and importantly, pursue global expansion”.
Premium trainers business The Edit LDN is targeting a £30 million valuation during 2022 after saying its sales have been rising by 60% month-on-month lately. And it’s raising new finance to expand further.