Joseph named not just a new Creative Director but a new Chief Executive too on Monday. The contemporary luxury brand announced the appointment of Susana Clayton as its creative chief and Barbara Campos as CEO.
U.S. fashion group Michael Kors Holdings has sealed an agreement to take control of Italy's Versace, three sources familiar with the matter said on Monday, adding that an official announcement would be made this week.
Farfetch’s IPO has been a success with its shares surging on Friday. And while investor enthusiasm can wane after the early burst of interest in headline-making IPOs, one shareholder looks to be in it for the long term.
Investment and changing business conditions dented River Island profits last year, a report said on Monday. While the results aren’t due until later this month, The Telegraph said operating profit fell by over £55m.
Chinese garment sharing platform YCloset has completed an undisclosed strategic fundraising round from e-commerce giant Alibaba Group Holding to better cater to beauty and fashion requirements of female customers.
Longchamp, one of France's leading handbag makers, is increasing its presence in China and the United States to boost its sales, its CEO said, betting on celebrity tie-ins and its online platforms to revive growth.
Dutch hand-knitted accessories label and social enterprise Granny’s Finest, which went bankrupt in June of this year, has announced its plans to relaunch. Its online store will reopen on 1 October 2018.
Farfetch priced its shares above its targeted range on Friday in a New York flotation that values the online luxury retailer at over $5.8 billion and underscores how big a bet web sales have become for high-end brands.
German start-up investor Rocket Internet is preparing its African online shopping platform Jumia for a possible New York listing in the first quarter of 2019, which could value the firm at about $1 billion.
Farfetch is rarely out of the news these days and on Thursday, as well as its link with The Modist for modest fashion, the company said that its buying and merchandising director Candice Fragis has left the company.