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Stella McCartney losses widened pre-pandemic, says recovery will be "gradual"

Stella McCartney losses widened pre-pandemic, says recovery will be "gradual"

Stella McCartney was hit hard by the pandemic last year but isn't worried about Brexit and is looking forward to a gradual bounce-back under its changed ownership structure.
Luxury
Renzo Rosso’s OTB acquires Jil Sander

Renzo Rosso’s OTB acquires Jil Sander

It’s official. Only the Brave (OTB), the key company in the fashion empire of Renzo Rosso, has acquired Jil Sander, the Hamburg-born label known as the highest expression of minimalism in fashion.
Fashion
Coperni: Drive-in catwalk show inside the AccorArena

Coperni: Drive-in catwalk show inside the AccorArena

Finally, Paris Fashion Week had an actual live catwalk show. A drive-in runway event witnessed Thursday night by a few score of editors and influencers from inside Citroen DS7s and staged inside the AccorArena.
Fashion
Nordstrom sales beat on off-price clothing channel, online strength

Nordstrom sales beat on off-price clothing channel, online strength

Nordstrom Inc on Tuesday reported better-than-expected revenue for the holiday quarter, aided by a rise in e-commerce sales and growth in its off-price business, Rack.
Fashion
Juergen Teller shoots Burberry SS21 campaign

Juergen Teller shoots Burberry SS21 campaign

​Burberry has just launched its SS21 campaign and given that it was shot in line with social distancing restrictions, it's quite different from many of its previous creatives.
Luxury
Matchesfashion CEO is out, Chiquet steps up for now

Matchesfashion CEO is out, Chiquet steps up for now

​Matchesfashion's CEO of just a year has stepped down with immediate effect. Ajay Kavan has left the firm and director Maureen Chiquet has taken on the role of executive chairwoman as the company looks for a new leader.
Luxury
Kering takes stake in Vestiaire Collective

Kering takes stake in Vestiaire Collective

​If anybody needed confirmation of how important fashion resale has become, it came on Monday with the announcement by France’s Vestiaire Collective of a new €178m financing round backed by Kering, among others.
Luxury
Selfridges sales were rising but pandemic meant huge challenges for retailer

Selfridges sales were rising but pandemic meant huge challenges for retailer

​Selfridges had already flagged the fact that its sales rose and its net profits fell in the year to February 2020, but it has now officially filed its annual results and the full extent of that performance can be seen.
Luxury
Mytheresa rides growth wave in Q2, profits continue to climb

Mytheresa rides growth wave in Q2, profits continue to climb

​Mytheresa was yet another luxury e-tailer seeing its sales soaring during the pandemic with the newly-listed German company saying it enjoyed a sales uplift of 32.9% in its second quarter.
Luxury
Net loss soars at Farfetch, but it hails sales surge and key EBITDA milestone

Net loss soars at Farfetch, but it hails sales surge and key EBITDA milestone

Like many other online fashion retailers, Farfetch saw soaring demand last year and said on Thursday that its 2020 gross merchandise value topped $3bn, up 49% year-on-year. Meanwhile revenue rose 64% to $1.7bn.
Luxury
Birkenstock 'to be sold' to L Catterton for €4bn - report

Birkenstock 'to be sold' to L Catterton for €4bn - report

​It looks like the long rumoured private equity takeover of family-owned Birkenstock could actually be happening soon. L Catterton, the group with close links to LVMH, is said to be “nearing an agreement” to buy it.
Fashion
Kith opens first European store in Paris

Kith opens first European store in Paris

The American brand founded by Ronnie Fieg is opening a store in the French capital. Spread over three floors, the 16,000-square-foot location not only offers the label's latest collections, but also a restaurant. 
Fashion
Helen Lambert talks to Godfrey Deeny on what's next in etailing and retailing

Helen Lambert talks to Godfrey Deeny on what's next in etailing and retailing

One of the great retailing experts, Helen Lambert, talks with Godfrey Deeny about what's next in e-tailing and what's up with her latest project, online wholesale platform Style Pulse, in our latest podcast.
Fashion
Selfridges and Louboutin launch upcycled denim capsule

Selfridges and Louboutin launch upcycled denim capsule

​Sustainability is a strand running through almost every product launch these days and that’s very clear from the latest Selfridges debut as the luxe department store unveils a collab with shoe label Christian Louboutin.
Luxury
McArthurGlen Designer Outlet West Midlands signs major name brands

McArthurGlen Designer Outlet West Midlands signs major name brands

​McArthurGlen Designer Outlet West Midlands has announced some major new names with Coach, Kate Spade, Hugo Boss, Levi’s and Lacoste having signed up for the opening this spring.
Fashion
Farfetch and Restory join forces for aftercare push

Farfetch and Restory join forces for aftercare push

The Restory and Farfetch have announced a new link-up to power the luxury e-tailer’s aftercare offer. Called Farfetch Fix, it will be provided directly by The Restory, to repair and restore shoes, bags and leather goods.
Luxury