Alibaba and Ant Group founder Jack Ma has lost the title of China's richest man, a list published on Tuesday showed, as his peers prospered while his empire was put under heavy scrutiny by Chinese regulators.
The American owner of stores including Foot Locker and Runners Point has announced revenue of $7.55 billion for 2020, down 5.7% from the previous year, while the company's net earnings fell 34% to $323 million.
If anybody needed confirmation of how important fashion resale has become, it came on Monday with the announcement by France’s Vestiaire Collective of a new €178m financing round backed by Kering, among others.
Failed upscale menswear retailer Pink Shirtmaker is set to make a return. The LVMH-owned brand, which went on the block before Christmas, has been bought by Nick Preston, a former JD Sports Fashion trading director.
Selfridges had already flagged the fact that its sales rose and its net profits fell in the year to February 2020, but it has now officially filed its annual results and the full extent of that performance can be seen.
In The Style Fashion Limited has formally announced its intention to float on AIM — the same market of the London stock exchange that hosts the listings for ASOS and Boohoo. Its shares should debut on March 17.
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.
One of the most influential names in fashion of the last 60 years has launched a new label. Barbara Hulanicki – the founder of Biba – is unveiling a new wholesale brand that shows clear links to the Biba aesthetic.