The German brand owned by the Richemont group has recently dropped a collaboration with French label Maison Kitsuné, confirming the intention of strengthening its cross-category appeal beyond its iconic logo.
UK fashion and lifestyle retail giant Matalan joined many of its peers in delivering a set of pandemic-ravaged results in its latest reporting period. But fear not. Matalan’s an upbeat business far from struggling.
First the bad news. Clothing sales for June were “poor for the time of year”, according to the latest Confederation of British Industry (CBI) survey. What’s more, growth in online sales slowed sharply this month.
JD Sports Fashion continues to be extremely active on the acquisition front. Last week it reportedly snapped up a controlling stake in Manchester-based Missy Empire, and this week it has announced a big move in Spain.
The brand has announced that it has closed on a $14.5 million Series A funding round, financing which will allow the company to invest in its manufacturing capabilities, as well as in further material innovations.
Shares of Nike Inc surged over 15% to a record high on Friday after the sportswear giant forecast full-year sales of more than $50 billion, riding on pent-up demand for sneakers and athletic gear from U.S.
Dior Men debuted its first full collab collection with a musician on Friday, a linkup with rapper, music producer and style setter Travis Scott - a collection where the Lone Star State met rap gods and the Wild West.
The Spanish fashion group, owner of Cortefiel and Springfield, posted losses for €109.5 million in the last financial year, and said its results will be on par with 2019 “at the latest” by the first half of 2022.
Burberry is continuing to tick a number of firsts off its bucket list and the latest is a partnership with Team Qhubeka NextHash. It makes it the first luxury fashion brand to link with a Tour de France team.