Kering's star brand Gucci grew sales by 3.8% in the third quarter, missing analyst expectations, as the pace of recovery from the coronavirus pandemic slowed down sharply following a bumper second quarter.
The American clothing label, which was acquired by Authentic Brands Group from PVH earlier this year, has extended its licensing agreement with Centric Brands to cover new product categories and distribution channels.
Matalan revenues rose fast in Q2 but could have risen faster if not for supply chain issues. The company is staying cautious as logistics problems frustrate efforts to get the product customers want into its stores.
Singapore-based classified marketplace Carousell Group announced on Monday the acquisition of Ox Street, one of the fastest growing end-to-end marketplaces for authenticated sneakers and streetwear in Southeast Asia.
The New York-based active and footwear retailer has announced the upcoming launch of a new private label called Lckr, a casual apparel brand for men and women, conceived to complement the chain’s existing offering.
On October 14, the trade court in Bobigny, France, approved the recovery plan presented by the menswear retailer, which will continue in its turnaround efforts and plans to return to profitability in 2022.
It’s been another tough year for Leeds Group and Covid-19 continues to be the culprit. While many British businesses are slowly recovering, UK-based-but-Germany-focused fabrics specialist is still some way off normality.
The comeback of Laura Ashley in the fashion sector has begun as Batsheva Hay’s eponymous Batsheva label has linked up with the UK brand in a way makes the most of its heritage and targets the upscale shopper.
A strike is continuing at the Clarks warehouse in Somerset, England with workers saying the struggling firm wants to fire and rehire them on contracts that will reduce their pay and worsen their conditions.
Another Manchester-based online fashion retailer is aiming to make a big impact via a TV sponsorship deal, with Ego having signed to sponsor the Channel 4 dating series The Love Trap that’s set to launch this week.
Could London's two top luxury department stores end up with the same owner? That's the question being asked on Monday as it has emerged that the owner of Harrods is possibly front-runner to buy up-for-sale Selfridges.