In The Style has reported soaring sales but warned it expects its profits to take a hit from the supply chain issues plaguing the UK. The Manchester-based womenswear e-tailer said Friday that increased freight costs, disruption to the timing of shipments, and an increased returns rate will impact its profitability. It said the issues will likely...
15 hours ago
In partnership with the Canadian Olympic Committee (COC) and Canadian Paralympic Committee (CPC), athletic apparel brand Lululemon has been revealed as the Official Outfitter for Team Canada. Through a multi-year deal, the Canadian brand will work with the team over the course of four Olympic games, ending after the Los Angeles 2028 Games....
19 hours ago
Y/Project creative director, Glenn Martens has been revealed as the next designer to take over Jean Paul Gaultier’s upcoming Couture Show. Announced in an Instagram post on the luxury houses’ official Instagram page, the Belgian designer is pictured with Gaultier himself following a teaser image shared yesterday providing a vague glimpse of...
Revenues for Nike, Inc. increased 16 percent to 12.2 billion dollars compared to the prior year, up 12 percent on a currency-neutral basis. “Nike’s strong results this quarter are continued proof of our deep consumer connections, unrelenting innovation pipeline and a digital advantage that fuels our brand momentum,” said John Donahoe, president...
1 day ago
US fashion group G-III Apparel has announced plans to acquire iconic Parisian luxury label Sonia Rykiel for an undisclosed sum. G-III, whose portfolio already includes brands DKNY, Donna Karan and Vilebrequin, said it aims to “accelerate the relaunch of the brand primarily in Europe” for autumn 2022, with collections across multiple categories....
23 Sep 2021
Washington - Tapestry, Inc. (TPR) on Thursday said it has signed Business Ambition For 1.5°C, a science-based targets initiative (SBTi) with a goal of reducing global warming to 1.5°C, by setting up interim science-based emissions reduction targets. In addition, the company has pledged to set a long-term science-based target to reach net-zero...
French Connection has received a buyout offer after launching a formal sales process earlier this year. The offer, of 30 pence per share in cash, comes from a consortium of bidders including the company’s second-largest shareholder, Apinder Singh Ghura, who owns a 24.95 percent stake in the business. The company’s largest shareholder is founder...
US lifestyle brand Eastpak is relaunching in North America with its fall 2021 collection after several years of strategically focusing on the European and APAC regions. The VF Corporation-owned brand is now “fully platformed” in the US with the launch of its website, it announced Thursday. The company said its president Nina Flood has a “...
Levi Strauss & Co. has announced the release of its first annual sustainability report, outlining company disclosures to meet stakeholder needs and detailing its commitments to transparency. The company’s sustainability strategy centres around three main categories, including climate, consumption and community. In a broad sense, the report...
With the fate of luxury brands increasingly reliant on Chinese shoppers, news that one of its biggest cities is adopting a duty-free shopping economy as part of government plans to foster domestic spending, is good news. With global economies in turmoil and disarray, China is leading the tax free movement with the city of Shanghai announcing...
Global professional services company Accenture will be partnering with British luxury house Vivienne Westwood on the implementation of the brand’s new retail product lifecycle management (PLM) platform, from technology developers PTC. The new platform will allow the brand to develop and launch new products quicker, improving the process using...
Multi-brand platform Saadia Group is to acquire the assets of its first luxury fashion label, Aquatalia. The acquisition, which is expected to close in the next few weeks, also marks Saadia Group’s entry into the footwear market. Aquatalia was established in 1994 and is known for its crafted in Italy products. Saadia Group said it is “the...
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