INTERVIEW The future of manufacturing is digital and fully automated: In September 2020, the foundation stone was laid of the new, fully automated shoe factory 4.0 of Salomon, Millet and Babolat in France. In Ardoix, France, in the Auvergne-Rhône-Alpes region, the first fully automated shoe with digitally […]

Curtsy, a fashion resale app targeted at women between 15-30, has raised 11 million dollars in Series A funding. The funding, led by Index Ventures, will be used to scale, build its team and gain market share, Curtsy announced Thursday. The extra capital brings the total amount raised to 14.5 million […]

Next, which was thought to be the frontrunner in a race to acquire assets from the collapsed Arcadia Group, has reportedly pulled out of the bidding. A consortium comprising Next and US investment firm Davidson Kempner Capital Management were teaming up on a potential offer, but has now withdrawn, Sky […]

John Lewis has repaid a 300 million pound Covid relief support loan earlier than scheduled. After a holiday season of positive trading the British retailer had enough liquidity to return the funds, reported the Financial Times. The loan was due for repayment on March 15 and is part of the central bank’s […]

Victoria Beckham’s sales returned to a growth trajectory in 2019. While the brand has been in business for a decade, they still haven’t turned a profit, but prior to the pandemic it was on a growth trajectory. The news was reported by Business of Fashion. Victoria Beckham’s revenue increased 7 percent […]

WWD has reported that Salvatore Ferragamo has decided to reduce the number of family members sitting on the board and increase the number of independent directors. A mandate has been given to an executive search firm to complete the process. The current board will stay in place until the end of the […]

NEUHAUSEN, Switzerland, January, 2021—Johnson Controls, a global leader for smart and sustainable buildings, and the architect of OpenBlue connected solutions, today announced that Sensormatic Solutions, its leading global retail solutions portfolio, launched Sensormatic IQ. This intelligent operating […]

HanesBrands has announced that Joe Cavaliere has been named to the newly created role of group president, global innerwear, effective February 8, 2021. The company said that Howard Upchurch, group president, innerwear Americas, has announced his retirement after 34 years with the company. “I am pleased […]

American Eagle Outfitters (AEO) has announced that the company expects fourth quarter adjusted operating income to exceed 95 million dollars compared to reported operating income of 0.5 million dollars and adjusted operating income of 77 million dollars last year and fourth quarter revenue is expected […]

Selfridges has reported a 10 percent drop in operating profit to 88 million pounds for the year ending 2 February 2020, just prior to the pandemic took a grip on the UK’s retail industry. Sales during the period increased 7 percent to 1.97 billion pounds, the company revealed in an update on Thursday. […]

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