Luxury Italian retailer Brunello Cucinelli closed its third quarter with positive signs of growth, citing a 3.6 percent increase compared to 2019. The Umbria-based company saw a 29.6 percent decline in the first half of the year, parallel to most luxury brands who faced store and retail closures across […]

Facebook announced #BuyBlack Friday in the US, aiming to celebrate and support small Black-owned businesses and their communities in the upcoming holiday season. The initiative is part of a three-month long Season of Support that was launched to provide free resources, education and training to help […]

Philip Day’s Edinburgh Woollen Mill Group (EWM) has filed a notice to appoint administrators in a bid to save the company amid “brutal” trading conditions, a move reportedly putting 24,000 jobs at risk. The group, whose portfolio includes brands Jaeger and Peacocks, said its stores will continue to […]

French luxury house Chanel announced a strategic merger with one of its suppliers, acquiring a majority stake in Italian shoemaker Ballin. Founded in 1945 in Fiesso D’Artico, Ballin employs 200 people and subcontracts its products to several luxury houses while also marketing shoes under its own label. […]

Global Fashion Group S.A. (GFG) has updated its outlook for the current financial year as a result of strong trading in Q3. The company said in a statement that it now expects to be profitable with respect to adjusted EBITDA and achieve constant currency net merchandise value (NMV) growth of around […]

H&M-owned Arket has announced plans to open its first store in South Korea next year. The new store will stock the Stockholm-based brand’s collections for men, women, children and the home, and comes after the label made its first expansion outside of Europe back in August when it opened a digital flagship […]

Zalando SE has raised its outlook for the 2020 financial year after witnessing strong and profitable growth in the third quarter. The company now expects gross merchandise volume (GMV) to grow 25-27 percent, revenues to grow 20-22 percent and an adjusted EBIT of 375-425 million euros for the financial […]

Following the appointment of Sarah Welsh as CEO of Retail on March 30, 2020, N Brown Group plc, has continued to strengthen its retail and product team through a series of senior hires. This comes after the group announced its refreshed strategy in June, which includes a focus on delivering better and […]

Marcolin Group is expanding its global presence with the opening of a new subsidiary in Sydney. The Australian branch is part of the eyewear group’s aim to strengthening the commercial synergies with the current regional office in Hong Kong, and will play a “key role for the growth in the APAC region,” […]

The Very Group, which operates online retail brands Very.co.uk and Littlewoods.com, said in a statement that Very.co.uk retail sales increased 10.5 percent to 1,229.6 million pounds driving Very.co.uk revenue up 6.8 percent to 1,589.8 million pounds and group revenue growth of 2.9 percent to 2,050.7 […]

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