Business

Holzweiler secures significant investment from Sequoia Capital China

Contemporary Norwegian fashion and lifestyle brand Holzweiler has secured backing from venture firm Sequoia Capital China, supported by Carnegie Investment Banking, to help accelerate its global ambitions. The family-run label, founded in 2012 by siblings Andreas and Susanne Holzweiler, said that the strategic partnership with Sequoia Capital...

6 hours ago

Business |Background

Gore-Tex: The new membrane and what Greenpeace has to do with it

When the first products with the new, more sustainable ePE membrane from Gore-Tex hit the market in autumn, the world leader for waterproof functional fabrics and with it the entire outdoor industry would have made a real U-turn. Or wouldn’t it? PTFE is Gore-Tex’s main module To understand that the development of this new, more sustainable ePE...

7 hours ago

Business

Next in talks to snap up stake in Joules

British lifestyle group Joules has confirmed it is in talks with Next about a potential equity investment. It follows a report on Saturday by Sky News that said high street giant Next was in detailed negotiations about buying a 25 percent stake in Joules. Joules said in a statement Sunday: “Joules confirms that it is in discussions with Next Plc...

9 hours ago

Retail

Does the middle market fashion consumer still exist?

New York - In their heyday, middle market mall brands reigned as royalty in American fashion and retail. The Gaps, Banana Republics, and J. Crews of the world were go-to apparel stores for those looking for everything from something casual to hang out with their friends to more formalwear in the case of Banana Republic and J. Crew. In the rising...

5 Aug 2022

Business

Will a new open-source marketplace revolutionise direct to consumer platforms?

Shopify’s sacking of 10,000 employees last week, the equivalent of 10 percent of its workforce, has left questions, if not holes, in the future of DTC platforms, where soaring costs, supply chain bottlenecks and a slowdown in consumer spending is hampering sales. For many small fashion businesses, advertising on Instagram and Facebook is no...

5 Aug 2022

Business

Yeezy Gap engineered by Balenciaga arrives in physical stores

The collaboration between Kanye West and Balenciaga arrives in stores at the Gap as the American brand changes direction. Will the Kanye West effect save Gap? In any case, the American brand has found a jump start. In one year, thanks to a partnership with the superstar, Gap regains some of its luster lost since the late 90s, revolutionizing its...

5 Aug 2022

Fairs

Just Around the Corner Manchester puts spotlight on Northern and indie brands

“We need support from retailers in the North to sustain a position here,” said Juls Dawson, founder and organiser of trade show Just Around the Corner (JATC), in a conversation with FashionUnited. A total of 150 brands exhibited at the event, which is now in its second season in Manchester, and was hosted from August 2 to 3, slightly ahead of...

5 Aug 2022

Business

Kontoor Brands Q2 revenue up 25 percent, lowers FY outlook

Kontoor Brands, the owner of denim labels Wrangler and Lee, has reported a 25 percent increase in revenue in the second quarter of the year. In the three months to July 2, revenue came in at 613.6 million dollars, compared to 490.8 million dollars a year earlier. That growth was primarily driven by the company's US business, which saw a 40...

5 Aug 2022

More News

Fashion

BAJ Birmingham reveals 2022 award winners

The British Academy of Jewellery (BAJ) Birmingham has announced the names of its diploma students that have won awards at the school’s Final Show 2022, hosted at its campus. According to a press release shared by the school, a total of six prizes were awarded in the city. Previously, the BAJ held its Final Show 2022 at the London campus at the...

43 minutes ago

Retail

Sports Direct opens new store in Preston

Sports Direct has opened a 35,000 square foot store at Deepdale Shopping Park in Preston, Lancashire. The new store, which opened on August 6, houses a Sports Direct, as well as USC, Evans Cycles, Game, and a Belong esports arena. James France, group head of real estate at Frasers Group, said in a release: “With each new store opening, we...

2 hours ago

Business

One of Boohoo's top investors halves its stake

Boohoo’s share price has fallen over 75 percent in the past year. In a latest blow, one of its biggest shareholders reduced its stake by 50 percent. T. Rowe Price International, an investment management company, took a 10 per cent stake in Boohoo last September. In less than one year the company offloaded its stake to just under 5 percent. T....

5 hours ago

Business

Next to face HMRC investigation following payroll issues

Next is set to face an investigation by the UK’s tax authority after the introduction of a new payroll system saw thousands of its employees receive incorrect salary payments. HM Revenue & Customs (HMRC) will be looking into whether Next had paid some of its staff less than the UK’s minimum wage, according to The Sunday Times, which had...

6 hours ago