Business

AlgiKnit secures 13 million US dollars in funding

Materials innovator AlgiKnit, which creates eco-conscious yarns from kelp, has closed a 13 million US dollars Series A funding round led by Collaborative Fund. The round was also supported by H&M Group’s investment arm H&M Co:Lab, Starlight Ventures, Third Nature Ventures, and features ongoing support from previous investors Horizons Ventures...

2 hours ago

Business |Interview

TM Lewin MD on website relaunch and post-pandemic formalwear

British menswear retailer TM Lewin relaunched its websites last month, six weeks after being bought out of administration for the second time in two years. Like many formalwear companies, it was hit hard by the pandemic as it faced prolonged store closures and the cancellation of large social events such as weddings and the Royal Ascot. The...

6 hours ago

Fashion

Puma returning to New York Fashion Week in September

Sportswear giant Puma to present an immersive catwalk show during New York Fashion Week in September. Entitled ‘Futrograde,’ the catwalk showcase is being described as a “game-changing brand experience,” which will fuse physical and digital, while looking back at the brand’s heritage and ahead to the future. Taking place on September 13, the...

7 hours ago

Business

H&M reports jump in profit as shoppers return to stores

Swedish fashion giant H&M Group has reported strong profit growth in the first half of the year as the ending of lockdowns saw global shoppers flock back to stores. The group, whose portfolio of brands includes Cos, Weekday, Monki, and Arket, made a profit after tax of 3.9 billion Swedish krona (around 365 million euros) in the first six months...

7 hours ago

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