Swedish group Fenix Outdoor, owner of various outdoor apparel and equipment brands, as well as retail chains in Scandinavia and Germany, reported a 7% slump in sales in 2020, but its boss is expecting a rebound in 2021.
Kim Kardashian’s shapewear brand Skims has reached a $1.6 billion valuation after raising $154 million in its latest funding round, led by venture firm Thrive Capital.
The Honest Company, the baby and beauty products brand founded by actress Jessica Alba and backed by L Catterton, officially filed for an initial public offering on Friday.
UK upscale fashion retailer Jules B is to develop and grow its online business after securing £250,000 in investment, particularly targeting more International business.
Backed by impressive half-year trading figures and new £500 million financing, online fashion giant Asos said Friday it’s set for major international growth.
Frasers Group issued a gloomy outlook on Friday warning that further Covid-19 restrictions could mean it taking a hit of more than £200 million as far as the valuation of its assets are concerned.
Boohoo Group has won the battle to buy a key UK logistics site that became available on the collapse of Arcadia.
The Detroit-based online resale platform announced on Thursday that it has completed a new funding round, bringing the company’s total valuation up to $3.8 billion.
Levi Strauss & Co on Thursday raised its half-year revenue growth forecast, banking on Covid-19 vaccine rollouts to spur a return to normalcy, after the denim maker beat quarterly sales estimates on an e-commerce boost.
After stepping into fine jewellery, luxury brand Gucci has diversified into luxury watch-making with a dedicated collection conceptualised by creative director Alessandro Michele and manufactured in Switzerland.
Fashion retailer Atterley.com, which counts Alexandra Shulman as an advisor, has raised £3 million through a funding round backed by Maven Capital Partners, by Scottish Enterprise and existing shareholders.
Love Hemp Group, the UK-based CBD and hemp beauty products supplier, has fundraised over £5 million to boost a global marketing programme. The company also said it wants list on the London Stock Exchange this year.
Pure London organiser Hyve remains upbeat ahead of an expected recovery out of pandemic restrictions this year, the events company said in a trading update Thursday. It cited "growing confidence" for calendar year 2022.
Fast Retailing released H1 results on Thursday, plus its Japanese Uniqlo performance for March. Both reports showed the business is doing well in general, even if the H1 figures showed some smaller brands struggling.
ASOS released its interim results on Thursday and the fashion e-tail giant confirmed just how strong it is, as its own brands and Arcadia labels boomed. It saw sales rising globally and profits soared.
