Eyewear giant Safilo has reported that sales in the first quarter rose 20% at constant exchange rates to reach €251.4 million. Online sales, new licenses and the US and China all boosted the company.
Denim giant Diesel and its creative director Glenn Martens said they’ve written the “next chapter” in the brand’s For Responsible Living sustainability initiative with the launch of Diesel Library.
Global Fashion Group saw a strong Q1 as it attracted more customers to its websites and enjoyed a solid recovery in repeat customers. It also attracted more brands and marketplace net merchandise value almost doubled.
Copenhagen Fashion Week is to return physically for SS22 in August. It will run at the same time as tradeshows CIFF and Revolver as fashion events across Europe start their physical comeback.
Coinciding with first-quarter results, the global leader in iconic apparel brands, announced a new three-year growth plan.
The company revealed that its board has unanimously approved its planned spin-off of the Victoria’s Secret brand on Tuesday and provided further details about the transaction, as well as preliminary Q1 financial results.
The United States’ largest mall owner announced that it has been seeing strong growth in traffic during an earnings call on Monday, but is still cautious in its outlook. The company’s revenues fell 0.08% in Q1.
The beauty group announced a 2% decline in Q1 sales on Monday and revealed the Revlon Global Growth Accelerator, an expansion of its existing restructuring plan focusing on the group’s Revlon and Elizabeth Arden brands.
A Savoy royal tiara which everyone could try on via Instagram, and the largest Kashmir sapphire ever auctioned sold for millions of dollars each on Tuesday.
Shiseido and Accenture said on Tuesday it will establish a joint venture set to launch in July with the aim to accelerate Shiseido's digital transformation.
Swedish brand Ikea, which is set to open on Paris’ rue de Rivoli in June, has partnered with Dutch label Mud Jeans to launch a project to reuse used denim and recycle it into a sofa cover.
Lyst, the London-based upscale fashion search-to-retail platform, is reportedly mulling an IPO, having raised $85 million from a variety of investors.
Safilo announced on Tuesday that it has struck a global eyewear license deal with the DSquared2 label with the company to make eyewear for Dean and Dan Caten’s brand for the next five years.
About time: Paris’ famed Palais Galliera fashion museum is about to reopen next week, allowing visitors back into its hit exhibition on Gabrielle ‘Coco’ Chanel - and extending it until July 18.
The Federation de la Haute Couture et de la Mode has confirmed that French authorities will allow live catwalk shows in July's haute couture season in Paris; and added Pyer Moss as one of its guest members.
