To make sure you have all the cards in hand, FashionUnited has put together a catch-up session. A look back at the most notable fashion and business news from last week.
Zalando: logistics and technology to drive growth
In the third quarter of 2023, Zalando reports having achieved 23.2 million euros in adjusted profit before interest and taxes, an increase of 72 percent quarter-on-quarter. Record figures made possible thanks to the platform’s investments in logistics and technology… Continue reading.
Bangladesh: Hundreds of textile factories closed after protests
Hundreds of garment factories in Bangladesh have closed due to violent protests by thousands of garment workers demanding a near tripling of their wages, police said Thursday… Continue reading.
Shein buys Missguided brand from Frasers Group
The Frasers Group company, specializing in the sale of fashion and sporting goods, has announced that it is selling the intellectual property of the fast-fashion company Missguided to the Chinese clothing giant Shein… Continue reading.
Asos deepens its losses and unravels in London
Shares in online clothing sales group Asos fell more than 10% in London on Wednesday after the company announced an annual net loss multiplied by ten to almost 250 million pounds for its staggered financial year ending September 3. .. Continue reading.
Prada: sales up significantly over nine months thanks to Asia and Europe
The Italian luxury group Prada saw its revenues increase by 12% over the first nine months of the year, thanks to the good performance of its sales in Asia and Europe, its first two markets… Continue reading.
Kylie Jenner launches her fashion brand Khy
Kylie Jenner is venturing into the fashion industry. Founder of beauty brand Kylie Cosmetics, she recently announced the launch of her fashion brand Khy. Before her, her sisters Kim and Khloe Kardashian were also seduced by this market, creating Skims and Good Americain respectively. Both fashion companies have achieved remarkable success and generate record revenues to date… Continue reading.
Showroomprivé contests a heavy fine from the Fraud Repression
The online private sales site for major brands Showroomprivé told AFP on Tuesday that it was contesting a fine of 1.3 million euros imposed in October by the Fraud Repression Agency (DGCCRF) for “delays” in payment by its suppliers. … Continue reading.
Significant drop in textile and clothing turnover for distributors in September 2023
The IFM Panel has published the final results of distributors’ clothing and textile turnover. Between September 2022 and September 2023, these figures fell by 16.4%… Continue reading.
Phoebe Philo presents her first collection
Fashion designer Phoebe Philo, who announced the launch of her eponymous label in July 2021, unveiled the first part of her collection on her e-commerce site. Last month, the brand presented the first visuals of the campaign and announced the launch date of the e-shop through a newsletter for its subscribers… Continue reading.
The Procos October 2023 report warns of the pressure weighing on specialized commerce
The federation for the promotion of trade (Procos), representative of 310 brands, reports chaotic 2023 activity. Major problem: costs are increasing faster than turnover and margins… Continue reading.
Blumarine: Walter Chiapponi appointed as creative director
A few weeks after the announcement of the departure of Nicola Brognano, former creative director of Blumarine (four years in office), the Italian luxury brand names his replacement: Walter Chiapponi… Continue reading.
What you need to know about the takeover of Pataugas by VGM Holding (Chaussea)
VGM Holding, which owns the Chaussea brand, announced Monday the acquisition of the Pataugas brand, famous for its canvas shoes with notched soles, in a press release sent to AFP… Continue reading.
2023-11-06 14:26:00
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