Business

L Brands to separate Victoria's Secret business from Bath & Body Works

L Brands, Inc. has announced that its board of directors has unanimously approved a plan to separate the company into two independent, public companies: Bath & Body Works and Victoria’s Secret, including Victoria’s Secret Lingerie, Pink and Victoria’s Secret Beauty. “In the last ten months, we have made significant progress in the turnaround of...

13 hours ago

Business

HanesBrands Q1 sales increase 25 percent, reveals positive outlook

HanesBrands Inc. net sales for the first quarter, totalled 1.51 billion dollars, an increase of 25 percent, while total constant currency first-quarter net sales increased 22 percent. The company said, double-digit growth in both global innerwear and activewear businesses was driven by strong point-of-sale performance across all major channels,...

13 hours ago

Business

Fashion District shortlists ten tech start-ups for Manufacturing Futures 2021

The Fashion District, in collaboration with The Fashion Innovation Agency from London College of Fashion, UAL, has announced ten start-ups that “could change the face of fashion manufacturing” as part of its innovation challenge prize. The Manufacturing Futures 2021 calls upon fashion and tech companies to introduce new tech solutions for the...

14 hours ago

Fashion

Diesel reinforces sustainability with ‘Diesel Library’ initiative

Diesel and creative director Glenn Martens are launching a new project ‘Diesel Library’ as part of the brand’s new sustainable strategy, which will be unveiled for spring/summer 2022. For his debut collection for Diesel, Martens will showcase the brand’s new genderless approach to design, a new strategy for its core category - denim, with what...

15 hours ago

Business

Reconomy Group acquires ReBound to “supercharge” sustainable returns

ReBound Returns, the tech platform helping the likes of Asos, Gymshark and Sweaty Betty manage returns sustainably, has been acquired by Reconomy, the UK’s leading recycling and waste management giant. The move is set to “supercharge” retail’s sustainability efforts, added both companies in a statement, as the industry attempts to tackle the...

16 hours ago

Business

LVMH releases first comprehensive social and environmental report

French luxury group LVMH on Monday released its “first comprehensive social and environmental report,” in which it highlights its initiatives to support sustainable growth. It is the first time the Group published a consolidated report of its social and environmental commitments and initiatives. An independent audit shows the Group’s carbon...

16 hours ago

Business

Joules ups full-year outlook following strong stores sales

Joules has increased its full-year profit and revenue outlook following strong sales since stores were allowed to reopen in the UK last month. The British fashion and lifestyle brand said its stores have performed ahead of management’s expectations, and for the four weeks since reopening were ahead of the comparable period two years ago. Since...

17 hours ago

Business

The Hut Group secures investment from SoftBank subsidiary

SB Management, a subsidiary of Japanese investment giant SoftBank, has agreed to take a stake worth 2.33 billion dollars (1.6 billion pounds) in British online retailer The Hut Group (THG). The deal will see SB Management snap up a 19.9 percent stake in Ingenuity, THG’s yet-to-be-formed tech platform division. The stake values the subsidiary at...

17 hours ago

More News

Retail

Selfridges to host wedding ceremonies this summer

Selfridges is to host wedding ceremonies in its grade II listed building on Oxford Street this summer. The high-end department store chain has acquired a wedding licence to host ceremonies in a dedicated Wedding Suite on the fourth floor of Selfridges London. Over the past year, restrictions around ceremonies and receptions have halted or...

10 hours ago

People

Estée Lauder appoints exec VP of global communications and public affairs

The Estée Lauder Companies has appointed Meridith Webster to the newly-created role of executive vice president, global communications and public affairs, effective May 17. In her new position, Webster will succeed Alexandra (Alex) Trower as head of global communications and Maria Cristina (MC) González Noguera as head of global public affairs....

12 hours ago

Fashion

Rixo continues category expansion to shoes

British fashion brand Rixo, which has launched bridal and bridesmaid collections in recent months, has added footwear to its offering. The Rixo debut shoe collection has been designed by co-founders Henrietta Rix and Orlagh McCloskey with a vintage aesthetic in mind. The vintage-inspired 9-piece collection was designed to “slip on and go”,...

17 hours ago

Fashion |In Pictures

Rejina Pyo launches first kidswear collection

London Fashion Week favourite Rejina Pyo has launched her first childrenswear collection catering for girls and boys aged between 2-8 years old. The Rejina Pyo Kids collection reflects the mainline aesthetic with a fun colour palette and playful details, including printed dresses reminiscent of Pyo silhouettes and featuring mini custom-designed...

17 hours ago