Few fashion weeks are as international as Paris Menswear season, especially during the pandemic. As designers and marques never reach the French capital yet are determined to be listed on its official show schedule.
German online fashion retailer Zalando will invest 300 million euros ($358 million) in a new logistics site in France that will lead to the creation of 2,000 jobs, the French presidential palace said on Monday.
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.