Business

Frasers Group snaps up 29 percent stake in MySale

Acquisition hungry Frasers Group has bought a 28.7 percent stake in Australian-based fashion marketplace MySale. In a brief statement, Frasers Group said it believes the deal will provide it with a “strategic partnership whereby end of line group products can be cleared via an established clearance channel”. It added that “this pipeline will be...

23 minutes ago

Business |Interview

Why 2022 will be home to the ‘summer of phygitals’

The merging of the physical and digital worlds has become increasingly evident in the fashion industry, with many brands taking advantage of the strategy in order to more closely appeal to the younger generation of consumers. Boson Protocol has been somewhat of a leader in this type of technology, establishing itself as a blockchain...

1 hour ago

Retail

Four exciting technologies for fashion retail

Retail is becoming increasingly tech-savvy as the fast-evolving industry looks to keep up with consumers’ growing demand for more convenient, engaging and frictionless ways to shop. Brick-and-mortar stores are increasingly using innovative technology to improve areas such as payment and check-out solutions, data analytics, and customer-centric...

1 hour ago

Business

Unbound Group launches multi-brand platform, says Hotter trading in line with expectation

Unbound Group, the parent company of British footwear retailer Hotter Shoes, has announced the first 14 partner brands to join its newly launched multi-brand platform. Apparel brands joining the line-up are Rohan, Asquith of London, Boody, Noa Noa, Part Two, Kaffe, Soaked in Luxury, Cream, and Lakeland Leather. While in footwear, the brands are...

3 hours ago

Business

L Catterton to reportedly sell Ganni in potential 700 million dollar deal

Private equity firm L Catterton is reportedly set to sell its Danish fashion brand Ganni, in a deal that could potentially reach up to 700 million dollars. The LVMH-backed firm is said to have hired investment bank Lazard to run the sale process, according to a report by Reuters, which is already attracting a number of Chinese buyers. Large...

3 hours ago

Business

Raleigh Denim Workshop expands leadership team, names David Conn as CEO

Raleigh Denim Workshop has announced several new hires as founder and designer, Victor Lytvinenko’s luxury denim brand continues to expand the business. Leading the newly appointed executive team, the company said in a release, is David Conn as chief executive officer. In this role Conn will team up with Lytvinenko to drive business growth...

7 hours ago

Fashion |Opinion

Fashion brands need to do more than just pay for abortion travel

The fashion world must take a stronger stand against the Supreme Court’s decision to overturn Roe V Wade as 13 states begin maneuvers to enact a near total ban on abortion. Companies from Patagonia to Chloe, Levi's to Target, have communicated their commitment to pay for the travel of employees seeking abortion. Looking at these offers in...

11 hours ago

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...

29 Jun 2022

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Business

H&M links with Google Cloud on data analytics development

The H&M Group has established a new partnership with Google Cloud that will see the retailer utilise the platform’s data analytics capabilities in a bid to enhance customer experience and supply chain enablement. The duo will be collaborating on the development of an “enterprise data backbone”, which will include a core data platform and...

1 hour ago

Business

Walmart to acquire AR optical tech company, Memomi

US retailer Walmart has announced that it has entered into an agreement to acquire augmented reality (AR) optical technology company, Memomi. The AR-centred firm has worked with Walmart and Sam’s Optical since 2019, via both the retailers’ stores and through e-commerce experiences. It comes as Walmart looks to build on its personalised optical...

4 hours ago

Business

Pinterest appoints Bill Ready as new CEO

Social media platform Pinterest has announced the appointment of Bill Ready as its new chief executive officer and member of the board of directors, effective immediately. Its former CEO, president and co-founder Ben Silbermann has transitioned to the newly created role of executive chairman. “Building Pinterest with such a widely talented, kind...

4 hours ago

Fashion

Why luxury brands are partnering with cinema

Luxury brands and the art of cinema have long gone hand in hand, but it is not just the red carpet dressing of Hollywood’s actresses that has luxury executives’ attention. Fashion houses such as Chanel and Saint Laurent are financing or partnering with the film industry’s brightest storytellers and makers to produce content of a more cinematic...

4 hours ago