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Boohoo shareholders deny Frasers’ board pursuit: Is the end in sight for the boardroom battle?

Shareholders of Boohoo Group have voted against the appointment of Frasers Group founder Mike Ashley and its proposed director, Mike Lennon, to the fast fashion giant’s board of directors. The decision was made during a general meeting requisitioned by Frasers, which had carried out a campaign to gain representation amid declining sales at...

Business

Birkenstock's Q4 and fiscal 2024 results beat expectations

Birkenstock Holding reported fiscal 2024 revenue growth of 21 percent on a reported and 22 percent on a constant currency basis to 1.8 billion euros, ahead of the company's guidance of 20 percent, driven by continued strong and growing consumer demand for its products across all segments, channels and categories. The company said fourth quarter...

Business

Wood Wood targeting its "next chapter" with new creative team

Scandinavian fashion and lifestyle brand Wood Wood, which was acquired by Danish conglomerate DK Company in April after the brand fell into insolvency in 2023, resulting in store closures in London and Berlin, is looking to expand its presence across international markets “in the coming years”. In a statement, the Copenhagen-based brand said it...

Business

The 7 biggest sustainability reporting mistakes that damage fashion brands’ reputation

The end of the year is approaching, bringing with it a recap of everything accomplished over the past months. December is a time for wrapping up, and fashion brands begin preparing their annual reports. Sustainability stands out as the key focus in non-financial reports. Whether due to regulatory requirements or the need to convey transparency...

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