British retailer Studio Retail Group, formerly called Findel, has reported a 39 percent increase in product sales in the first half of the year. The group said its core business, Studio, has seen “strong retail trading performance in the early weeks of its new Autumn/Winter season”, with its kidswear, […]

Online retailer The Hut Group (THG) has acquired US skincare brand Perricone MD for 60 million dollars. Founded in 1997, Perricone MD is a topical skincare brand with approximately 100 product patents. It will now join THG’s beauty portfolio of own brands, including ESPA, Christophe Robin, Grow Gorgeous, […]

Hammerson plc has announced the appointment of Rita-Rose Gagné as Chief Executive Officer (CEO) and Executive Director. The company said in a statement that it is anticipated that she will take up her new role with Hammerson before the end of the year and David Atkins will continue to serve as CEO until […]

N Brown In the second quarter, group revenues at N Brown declined 13.4 percent, recovering from a 21.9 percent decline in the first quarter. For the first half, the company reported revenue drop of 17.6 percent. Product revenue for the second quarter was down 12 percent and down 20.5 percent in the […]

Boohoo Group revenue for the first half-year increased by 45 percent or 44 percent CER to 816.5 million pounds (1,048.4 million dollar). The company said in a statement that adjusted EBITDA for the period was 89.8 million pounds (115.3 million dollars), an increase of 48 percent, while profit before […]

France said Tuesday it planned to "gradually" ban mink farms in the country as well the use of wild animals in travelling circuses and the breeding of dolphins and orcas in captivity. Environment minister Barbara Pompili announced the sweeping measures saying "our attitude to wild animals has changed". […]

French behemoth LVMH said Tuesday that it had filed a countersuit against the American jewellery brand Tiffany, setting up an unusual legal fight after the collapse of one of the biggest luxury takeover bids in decades. LVMH walked away from its 16.2 billion dollar offer this month after claiming a […]

Boohoo has asked a Los Angeles court to dismiss a 100 million dollar (79 million pound) lawsuit over allegations the British fast-fashion retailer was offering “fake” discounts. The retailer and as its subsidiaries PrettyLittleThing and Nasty Gal face civil claims that they are deceiving shoppers by […]

New York – Over the weekend, U.S. sustainable footwear brand Allbirds announced it has secured100 million dollars in new Series E Funding. The investment round was led by asset management firm Franklin Templeton, alongside T. Rowe Price, Baillie Gifford, TDM Growth Partners, Rockefeller Capital Management, […]

Poshmark, the resale platform for secondhand clothing that has been seeing impressive revenue, has reportedly filed to go public. The news was reported by Bloomberg. The number of shares and IPO price have yet to be determined. Poshmark had been holding off an IPO to focus on boosting sales and other […]

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