Wolford released its delayed results for its shorter fiscal year late on Wednesday and while it swung to a profit, the upscale hosiery and bodywear firm also talked of “significant business losses” due to the pandemic.
In Q1 2021, the Italian luxury label reported a better-than-expected net loss of €0.6 million, down from €41 million YOY, as business was “volatile” owing to the Covid-19 pandemic.
Vinted is minted and is about to embark on a major growth initiative. The business, which claims to be the largest online C2C marketplace in secondhand fashion across Europe, has secured €250 million in new funding.
Eyewear giant Safilo has reported that sales in the first quarter rose 20% at constant exchange rates to reach €251.4 million. Online sales, new licenses and the US and China all boosted the company.
Denim giant Diesel and its creative director Glenn Martens said they’ve written the “next chapter” in the brand’s For Responsible Living sustainability initiative with the launch of Diesel Library.
Global Fashion Group saw a strong Q1 as it attracted more customers to its websites and enjoyed a solid recovery in repeat customers. It also attracted more brands and marketplace net merchandise value almost doubled.
Coinciding with first-quarter results, the global leader in iconic apparel brands, announced a new three-year growth plan.
The company revealed that its board has unanimously approved its planned spin-off of the Victoria’s Secret brand on Tuesday and provided further details about the transaction, as well as preliminary Q1 financial results.
The United States’ largest mall owner announced that it has been seeing strong growth in traffic during an earnings call on Monday, but is still cautious in its outlook. The company’s revenues fell 0.08% in Q1.
The beauty group announced a 2% decline in Q1 sales on Monday and revealed the Revlon Global Growth Accelerator, an expansion of its existing restructuring plan focusing on the group’s Revlon and Elizabeth Arden brands.
Shiseido and Accenture said on Tuesday it will establish a joint venture set to launch in July with the aim to accelerate Shiseido's digital transformation.
Lyst, the London-based upscale fashion search-to-retail platform, is reportedly mulling an IPO, having raised $85 million from a variety of investors.
Safilo announced on Tuesday that it has struck a global eyewear license deal with the DSquared2 label with the company to make eyewear for Dean and Dan Caten’s brand for the next five years.
After a year in which weddings were cancelled across Britain, they're back on the agenda, so with supreme good timing, Selfridges has just been granted a licence to host the ceremonies and receptions.
The upscale Goat womenswear label has been rebranded as Jane with founder Jane Lewis selling her Goat trademark to Goat Group for an undisclosed sum.
