Kering has divested a 5.9 percent stake in sporting giant Puma. The luxury group led by François-Henri Pinault announced it sold its shares for a value of 655.6 million euros, corresponding to a share price of 74.50. The sale leaves Kering with a reduced 9.8 percent share of the sportswear company. […]

Online women’s fashion brand Sosandar, has reported revenue of 4.3 million pounds in the first half of this fiscal, a 52 percent increase against the same period in the prior year, with a substantial improvement in EBITDA loss. The company said that sales momentum seen in Q1 and July continued in August […]

Tesco plc has reported sales growth of 6.6 percent at actual rates, including a negative 0.2 percent foreign exchange translation impact due to the appreciation of sterling to 26.7 billion pounds. Revenue growth was 6.8 percent at constant exchange rates. The company said in a statement that group operating […]

Adler Modemärkte AG has announced the launch of its new online shop three months earlier than planned to take advantage of the important holiday season. The company said in a statement that the expansion of the e-commerce business is a central element of Adler’s growth strategy and the new online shop […]

Safilo and Pierre Cardin have renewed the licensing agreement to design, manufacture and distribute prescription frames and sunglasses under the Pierre Cardin brand. The company said in a statement that this renewal, which will now run until December 31, 2026, demonstrates the strong professional collaboration […]

The world of fashion copyright and trademark law continues to be a murky one. It’s very easy to trademark things like logos, but copyright is a much more complicated area as you can’t copyright most designs. Just imagine if people started trying to copyright black dresses. The lawsuits would be endless. […]

StockX, the global resale platform for sneakers, streetwear and collectables, has revealed that strong growth across the sector is being driven by international demand, particularly from Asia and Europe. In its quarterly review, StockX states that the resale market is currently bucking global economic […]

The Children’s Place, Inc., on October 5, 2020, appointed Tracey R. Griffin to its board of directors and as a member of the audit committee. The company said in a statement, Griffin will hold office until the annual meeting of stockholders of the company to be held in 2021. Griffin is an independent […]

Resale platform Depop is planning to expand its UK workforce by almost a quarter to around 320 employees by the end of the year after experiencing a boost in demand during lockdown. The London-based company said it expects its global workforce to have around 350 employees by the end of 2020, throughout […]

Planning consultancy, Nexus Planning, has announced that five of its urban planning consultants have been appointed as Experts by the High Streets Task Force to help tackle the problems on local high streets. Over the coming months, the senior members from Nexus’s London and Manchester offices will […]

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