Articles by Rachel Douglass
Shein overtakes Zara as most popular fashion brand of 2022
2 Dec 2022 - Business
Fast fashion e-tailer Shein has topped a new ranking by money.co.uk as the most popular fashion brand in almost every country in the world. As a new entry to the list, the controversial contender overtook Zara for the top spot, according to data collected by the financial advisory firm over the course of the last 12 months. The research revealed...
Macy’s adds Claire’s installations and digital bra fitting technology to stores
2 Dec 2022 - Retail
Department store chain Macy’s has unveiled some new features that have been introduced to a number of its stores, including a new partnership with accessory brand Claire’s. The deal has seen Claire’s store-in-stores added to over 20 nationwide Macy’s locations, including eight of the group’s flagships. A selection of the brand’s hair...
H&M emphasises textile recycling in new ‘Metaverse Design Story’
2 Dec 2022 - Business
Fast fashion retailer H&M has presented its latest collection as part of its Innovation Stories initiative, a project through which it said it is aiming to push the fashion industry towards more sustainable methods of consumption. Initially unveiled during an event in Madrid, Spain, the ‘Metaverse Design Story’ exists in a ‘phygital’ format,...
LVMH opens applications for 10th edition of LVMH Prize
2 Dec 2022 - Business
Luxury conglomerate LVMH has announced the applications of its 10th LVMH Prize are now open. Until January 29, 2023, international designers under 40 will be able to apply to be considered for the prestigious prize, with the requirements stating that they must have created at least two womenswear, menswear or genderless collections. The winner...
CFDA to unveil commemorative NFT collection and metaverse exhibition
2 Dec 2022 - Business
The Council of Fashion Designers of America (CFDA) has unveiled a commemorative non-fungible token (NFT) collection which will launch days before the debut of a metaverse fashion exhibition. Entitled ‘Lighting the Path of American Fashion’, the NFT collection will feature seven one-of-a-kind assets that will be available through auction on a...
Patagonia founder to receive Outstanding Achievement Award at 2022 Fashion Awards
2 Dec 2022 - People
Patagonia’s founder and former owner Yvon Chouinard has been announced as an honouree for the 2022 Fashion Awards, where he will receive the Outstanding Achievement Award. During the event, set to be held December 5, Chouinard will be recognised for his creative contributions to the fashion industry. He joins a string of prominent industry...
Frasers Group acquires luxury homeware retailer Amara Living
2 Dec 2022 - Business
Mike Ashley’s Frasers Group has continued its acquisition conquest, snapping up luxury homeware retailer Amara Living in a takeover deal for an undisclosed sum. The retail conglomerate’s CEO Michael Murray announced the news in a LinkedIn post, where he stated: “This acquisition will build on our ambitions to create a credible homeware...
Asos interim chief financial officer to step down
2 Dec 2022 - Business
Asos has announced that its interim chief financial officer Katy Mecklenburgh will be stepping down from the position following a six month notice period. The news comes just one month after Mecklenburgh was appointed to the interim role after Asos’ former CFO Mat Dun exited the company in October 31, 2022. On departing the retailer in May 2023,...
John Lewis reveals 500 million pound scheme to build 1,000 rental homes
2 Dec 2022 - Business
Department store chain John Lewis has unveiled a 500 million pound multi-decade joint venture with investment company Abrdn which will see the duo aim to build 1,000 new rental homes across three communities. The deal will help John Lewis to reach 10 percent of its ambition to build 10,000 new homes over the next decade, the retailer said in a...
L’Oréal appoints first chief transformation officer for North American business
2 Dec 2022 - Business
L’Oréal USA has announced the appointment of Rahquel Purcell as the group’s first chief transformation officer for its North American business. In the freshly created position, Purcell will lead the beauty giant’s new North America Transformation Office, which has set an “ambitious” transformation agenda to adapt and evolve the group’s operating...