Latest Articles in Business

Three stripes or four? Thom Browne wins German trademark dispute against Adidas

US fashion brand Thom Browne has won a trademark dispute with the sportswear giant Adidas in Germany. In its ruling of September 6, the Nuremberg-Fürth Regional Court ruled that the accusations of trademark infringement and unfair competition made by Adidas against Thom Browne are unfounded. The decision is not yet final and can still be...

Business

Hotter Shoes owner acquires German brand Peter Hahn

Wourth Group, the owner of Hotter Shoes, has acquired German fashion brand Peter Hanh GmbH out of administration, expanding the group’s presence into the DACH region and the Netherlands. The company, which previously operated in the UK under the title WoolOvers Group, carried out the transaction as part of an insolvency plan which ensures the...

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JD.com and BFC expand partnership, aim to elevate British and Asian designers

Chinese e-tailer JD.com has announced a new partnership with the British Fashion Council (BFC) that will see it become the official Asia online retail partner of London Fashion Week (LFW) September 2024, which kicked off September 12. Through the deal, the duo hope to enhance both the presence of British designers in the Chinese market while...

Business

Frasers Group snaps up Lancaster’s St Nicholas Arcade

British fashion giant Frasers Group is continuing to expand its portfolio of retail setups with the acquisition of Lancaster-based shopping centre, St Nicholas Arcade. The deal involves the entire 160,000 square foot retail park, where annual footfall reportedly amounts to four million visitors. Frasers said that the acquisition reinforced its...

Business

The Row receives investment from Chanel and L'Oréal owners

Paris - The Wertheimer brothers and the Bettencourt family, respective owners of Chanel and L'Oréal, have acquired a minority stake in the American fashion brand The Row, owned by the Olsen sisters, AFP learned from a source close to the matter. The brothers Gérard and Alain Wertheimer, owners of Chanel, invested via their "family office" Mousse...

Business

Overtaxed retail sector presents ‘golden opportunity’ to deliver government policies

New research by the British Retail Consortium (BRC) has found that the UK’s retail sector has been “overtaxed” compared to others, presenting a potential opportunity for the government to fix such discrepancies and help deliver on policies. This is according to BRC chief executive Helen Dickinson, who said that this latest research proved “what...

Business

Macy’s launches new private menswear brand Mode of One

US department store Macy’s has launched a new contemporary menswear brand, Mode of One, as part of ongoing efforts to reimagine its private brand portfolio. The line, which is available on Macy’s e-commerce site, its mobile app and in nationwide stores, was created over a two year span of concepting and designing, reflecting what the company...

Business

Caleres lowers sales and earnings forecast

Caleres reported sales of 683.3 million dollars for the second quarter, down 1.8 percent. Caleres has lowered fiscal 2024 outlook of net sales to down low-single-digits percent versus previous guidance of flat to up 2 percent; and earnings per diluted share to 3.94 dollars to 4.09 dollars versus prior guidance of 4.30 dollars to 4.60 dollars and...

Business

FitFlop expands in Austria, Vietnam and Morocco

British footwear label FitFlop has continued to embark on an international retail expansion strategy with the launch of new concepts in the regions of Austria, Vietnam and Morocco. For the latter, it is the first time the brand has opened a physical retail space, doing so in the form of a kiosk at the SELA Gallery Rabat. Speaking on the brand’s...

Business

Despite sales increase, Mytheresa reports higher annual loss

Munich-based fashion retailer Mytheresa closed the 2023/24 financial year with a solid increase in sales. However, its loss was significantly higher than in the previous year. This is evident from the current annual report, which the listed holding company MYT Netherlands Parent BV published on Thursday. In the financial year to the end of June,...

Business

Filippa K partners with Fiber Traceability Initiative for AW24

Swedish fashion brand Filippa K has partnered with the Fiber Traceability Initiative (FTI) for its autumn/winter 2024 collection. Working with Axfoundation, GS1 Sweden, and VirtualRouteZ to improve traceability in the wool industry while setting up a transparent value chain, 12 Filippa K garments from the AW24 collection feature a QR code that...

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New York finds its footing in famous faces, global presence and political statements

New York Fashion Week has officially wrapped up its SS25 season, and before we head off to its British counterpart in London we are taking a look back at some of the highlights from a week in the Big Apple. And what a week it was. So much so that a question has continued to arise within the wider fashion community; has New York got its spark...