Net sales at Designer Brands Inc. increased 30.7 percent to 853.5 million dollars in the third quarter of fiscal 2021 compared to the same period last year. The company said, comparable sales increased 40.8 percent during the quarter. Commenting on the third quarter results, Roger Rawlins, the company’s chief executive officer, stated: “Designer...
3 hours ago
UK-based sportswear brand Samurai has announced a “push forward” all-encompassing rebrand, following the acquisition of a majority equity stake by British investment company Primosole Holdings earlier this year. The sports apparel producer, founded in 1996 by Terry Sands, a former England rugby sevens manager, is well known in the rugby sector,...
Fit and size software platform True Fit has announced a 30 million dollar growth round today as it reports a significant increase in revenue over the last year. The data platform, used by shoppers for fit recommendations across multiple brands, reported an 85 percent growth in its annual recurring revenue, alongside a consumer adoption increase...
4 hours ago
With the EU setting historic sustainability targets such as reducing emissions by at least 55 percent by 2030 and achieving climate neutrality by 2050 - fashion businesses need to keep pace with worldwide benchmarks, as well as the expectations of increasingly eco-conscious consumers. But do you know how to calculate your fashion businesses...
Amsterdam-based brand Scotch & Soda has announced a partnership with Tipa, which creates compostable and biodegradable packaging solutions to help it move away from conventional plastic polybags in its supply chain. Scotch & Soda will integrate Tipa bioplastic bags into its supply chain, stepping away from conventional plastic polybags for all...
5 hours ago
Fashion technology company PlatformE had announced the acquisition of Cambridge-based Catalyst AI, an artificial intelligence (AI) company complete with machine learning tools to optimise fashion supply chains. The acquisition will see PlatformE strengthen its AI capabilities and bolster its own services for on-demand and made-to-order fashion....
6 hours ago
Luxury house Chanel has responded to criticism following the release of its 825 dollar advent calendar that faced social media backlash due to the contents not meeting expectations. Over the weekend, the fashion giant found itself at the frontlines of scrutiny after a host of TikTok users expressed their disappointment in the calendar. Displayed...
KIPLING® launches sustainable limited-edition capsule collection made from deadstock designed by Redress Design Award alumna, Beatrice Bocconi Following successful partnership between Redress and VF Corporation for the Redress Design Award 2019 Made For Change Challenge in Hong Kong, Redress and Kipling® organised their first competition amongst...
8 hours ago
WWD has reported that Zegna is already attracting investors ahead of its planned IPO for later this month. The company issued a joint statement with Investindustrial Acquisition Corp., an acquisition corporations sponsored by investment subsidiaries of Investindustrial VII L.P. saying they have agreed “with certain large and institutional...
22 hours ago
The parent company of Boots, Walgreens Boots Alliance (WBA), is reportedly in links with the Wall Street bank, Goldman Sachs, to review options that could result in new owners for the health and beauty retailer. Sources tied to Sky News have said that the discussions are exploratory and might not ultimately lead to a sale. However, there is also...
6 Dec 2021
Luxury outerwear brand Moncler has announced a three-year collaboration with Italian football team FC Internazionale Milano, making it the club’s official formal wear partner. In keeping with the brand’s mission of going beyond fashion and luxury, the partnership sees it welcome “the footballing community into its extended universe”. It also...
Bimba Y Lola has announced a joint venture with Asia’s retail and brand management group ImagineX, established as part of the brand’s launch and expansion into Greater China. The Spanish retailer, founded in 2005, has an international store network covering 20 countries, including the UK and South Korea, with a brand presence in 43 markets due...
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