Ultra-fast fashion charms young despite damaging environment By AFP So-called “ultra-fast fashion” has won legions of young trend-setting fans who snap up relatively cheap clothes online amid surging inflation, but the booming genre masks darker environmental problems. Boohoo Britain’s Boohoo…
Mike Ashley’s Frasers ramps up stake in Asos By Reuters API UK businessman Mike AshleyAsos Topshop/Topman The billionaire’s sportswear and fashion retail company, Frasers Group Plc, notified Asos on Friday that it had become a significant shareholder in the company, the…
A.K.A. Brands reports second-quarter sales miss A.K.A Brands announced on Thursday preliminary financial results for the second quarter, highlighting a net sales increase of 6% or 11% in constant currency to $158.5 million for the three months ending June 30.…
Inditex reports record quarterly profit, develops its business model Translated by Roberta HERRERA Óscar García Maceiras, who was appointed CEO of the InditexPablo Isla Óscar García Maceiras, CEO of Inditex – Inditex “We recorded strong sales growth in the first…
How the other half lives: luxury companies thrive By Reuters API While millions are fretting whether they can afford another $1,000 on energy this year, others are still splashing out on $10,000 Hermes A string of consumer companies, from spirits…
Ted Baker preferred bidder pulls out, exit not linked to due diligence review There was a new twist in the formal sale process for Ted Baker Ted Baker It also added that it was informed of this decision last night…
Columbia Sportswear taps Bait for fishing-inspired apparel collection Columbia The Bait X Columbia Sportswear collection – Bait In an Instagram Key items include the fishing vest, which features pockets for accessories and more, while the fishing anorak zips up and…
JD Sports ends long-running Footasylum saga, sells to Germany’s Aurelius JD SportsFootasylum Photo: Sandra Halliday – DR The sale was forced on it by the Competition and Markets Authority following its decision to prohibit JD JD said it has “cooperated…
Aeffe incorporates its lingerie producer Velmar Translated by Nicola Mira AeffeMoschinoAlberta FerrettiLorenzo SerafiniPollini Velmar notably produces lingerie for Moschino – © PixelFormula The incorporation is part of “the group’s rationalisation and reorganisation process, aimed at greater efficiency in the management…
Everstores raises €18 million to buy Shopify merchants Translated by Cassidy STEPHENS In recent years, AmazonShopify Shutterstock Berlin-based Everstores announced that it has raised €18 million, including €10 million in debt and €8 million in equity, led by investors Earlybird…
