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.
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.
Menard, who joined Puma France as head of marketing communications in 2018, is moving to the German sport brand’s headquarters in Herzogenaurach as the new regional marketing manager Europe.
Be warned, consumer sustainability issues may be more important than you think. Over half of people in the UK (56%) are less likely to buy from organisations with a weak sustainability record, according to a new survey.
UK retail may be open for business again, but some smaller traders are far from happy at the speed of the revival, with campaign group Save The Street calling for government help to stimulate local spending.
Tom Ford has issued a bullish open letter on behalf of the CFDA about next September’s New York Fashion Week, in which he confirmed that he will stage his own live runway show in the city again.
The upscale Goat womenswear label has been rebranded as Jane with founder Jane Lewis selling her Goat trademark to Goat Group for an undisclosed sum.
