LK Bennett has filed its latest results at Companies House and while they only cover the 12 months to February last year, they did include some information about how it has fared in the Covid-hit environment since then.
Ted Baker’s twice-delayed full-year results looked grim on Monday as the fashion retailer announced a 44%+ drop in revenue and a pre-tax loss that widened by almost 39%. But its CEO was upbeat about its prospects.
Ferrari, with its prancing stallion symbol, may be the ultimate masculine luxury symbol of Italy. But when it launched its first fashion collection this weekend there were more girls than guys on its catwalk.
The owner of brands including Umbro and Lee Cooper announced on Friday that it has entered into a definitive agreement to be acquired by an affiliate of Lancer Capital, a deal which values Iconix at around $585 million.
Daniel Wellington this week debuted its new Quadro collection, as it unveiled a brand-new ambassador, Tina Kunakey, for its watches in the latest moves from one of Scandinavia’s fastest growing accessories marques.
The CEO of Sergio Rossi is now a shareholder alongside Chinese group Fosun, which has recently acquired the Italian footwear label, and tells FashionNetwork.com how the operation unfolded, outlining his future plans.
Buy-now-pay-later (BNPL) giant Klarna has raised new capital in a deal that not only values it at a massive $45.6bn but gives it a valuation as much as $14bn higher than its last fundraising round as recently as March.
Beauty e-tailer Cult Beauty has filed its full-year results for the 12 months to May 31 2020 and they show that it enjoyed what it called “another great year”, despite the pandemic affecting over two months in the year.
The international jewelry retailer reported total first-quarter sales of $1.7 billion on Thursday, an increase of 98.2% from $852.1 million in the same period in the previous year, led by strong growth in North America.
The NYC-based fashion group has announced that it achieved net sales of $57.5 million in the first quarter, up 47.5% from $57.5 million in the prior-year period, progress which allowed the company to reduce its loss.
Adidas, which is seeking to increase the proportion of sustainable materials it uses in its products, is investing in Finland's Spinnova, a company that makes textile fibre out of wood or agricultural waste.