The second-hand clothing company has changed its name, is focusing on providing services for brands and retailers, and raising another €12 million from the same funds with which it had already raised €7 million in 2021.
The second edition of Farfetch’s annual Conscious Luxury Trends Report has shown that consumers are focusing more heavily on sustainable and ethical products.
Franchise Group is considering lowering its bid for department store chain Kohl's Corp to closer to $50 per share from about $60 apiece, CNBC reported on Wednesday, citing a source familiar with the deal talks.
LA-based ready-to-wear and accessories business Autumn Adeigbo has secured a second round of funding from celebrity investors Cameron Diaz, Gabrielle Union, and Mila Kunis.
Ebay Inc. announced on Wednesday it has acquired non-fungible token marketplace KnownOrigin for an undisclosed amount, as the U.S. e-commerce marketplace looks to strengthen its product offering for digital collectors.
As childrenswear is increasing its presence in the overall assortment of fast-fashion retailers, the latter are rebalancing the share of boys’ and girls’ products in their range, according to Retviews by Lectra.
River Island wants to future-proof its digital media tech so the UK fashion retailer has hired media experience cloud company Cloudinary “to boost user experience, and shorten time-to-market”.
Luxury UK-based retailer END has named a new CEO as its founders move on from direct control of the business and it works on the “next phase” of its evolution.
Britain is becoming a more closed economy due to Brexit, with bad long-term implications for productivity and wages to leave the average worker £470 a year poorer by the end of the decade, a study said on Wednesday.
JD Sports fashion had good news on Wednesday as it reported results for the year to 29 January. Revenue rose to £8.563 billion from £6.167 billion with gross profit edging up and pre-tax profit soaring.
Frasers Group said on Wednesday that it has once again increased its holding in German luxury fashion giant Hugo Boss. The company now – either directly or indirectly – controls more than 30% of the firm’s stock.
Franchise Group, the preferred bidder to acquire Kohl's, is in discussions to keep the retailer's top management team, including CEO Michelle Gass, if the planned sale is finalized.
Sknups, a UK digital collectibles platform for fashion and beauty creators in the metaverse, has raised $3.5 million in pre-seed funding from fashion and web3 innovators.
L'Oreal chief executive Nicolas Hieronimus said he remained confident about the outlook for the beauty industry with consumers continuing to want to indulge despite the global economy becoming "even more complicated.
Sales of luxury goods are set to rise at least 5% this year as shoppers in the US and Europe continue to snap up high-end watches, jewelry and shoes despite political uncertainty and soaring inflation, Bain said Tuesday.
