U.S. consumer spending rebounded strongly in January as the government doled out additional pandemic relief money to low-income households and new Covid-19 infections dropped, setting up the economy for faster growth.
Swedish “buy now, pay later” company Klarna on Thursday reported a jump in transactions using its platform and in net operating income in 2020, helped by its expansion in the United States and other markets.
It’s hard to think of a designer more in synch with a great fashion house than Wes Gordon, the creative director of Carolina Herrera. We Zoomed Wes to discuss creating for an iconic house and designing in the pandemic.
Like many other online fashion retailers, Farfetch saw soaring demand last year and said on Thursday that its 2020 gross merchandise value topped $3bn, up 49% year-on-year. Meanwhile revenue rose 64% to $1.7bn.
It looks like the long rumoured private equity takeover of family-owned Birkenstock could actually be happening soon. L Catterton, the group with close links to LVMH, is said to be “nearing an agreement” to buy it.