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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
Frasers calls business rates relief "near worthless", reviews portfolio

Frasers calls business rates relief "near worthless", reviews portfolio

​In a typically blunt statement, Frasers Group has blasted Chancellor Rishi Sunak’s Budget as doing virtually nothing for hard-pressed retailers on business rates. And it seems some of its stores are at risk as a result.
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
Coats Group weathers turbulent year with improving H2, outlook positive

Coats Group weathers turbulent year with improving H2, outlook positive

After a “turbulent” trading year, it certainly wasn’t all bad news for Coats Group despite delivering mostly negative numbers in its 12-month trading statement to 31 December on Thursday.
Fashion
Nicolas Di Felice breathes new life into Courrèges

Nicolas Di Felice breathes new life into Courrèges

The brand's new creative director unveiled a promising first collection on Wednesday, reimagining the house's codes with a contemporary twist, through graphical effects and ultra-short silhouettes. 
Fashion
Paris Fashion Week Day Three: Hearst debuts at Chloé; Patou looks polished; Acne goes avant-garde and Thebe Magugu wows

Paris Fashion Week Day Three: Hearst debuts at Chloé; Patou looks polished; Acne goes avant-garde and Thebe Magugu wows

Lockdown notwithstanding, Wednesday was a very busy multinational day in Paris Fashion Week, with the season’s key debut, the first collection by Gabriela Hearst for the house of Chloé.
Luxury
​Caledonia Park designer village refurb reaches major milestone

​Caledonia Park designer village refurb reaches major milestone

Heralded as becoming “Scotland’s premier designer village” the Caledonia Park redevelopment in Gretna has completed a “significant” first phase, according to the project’s investor RPMI Railpen.
Fashion
Budget 2021: Help for retail but no online sales tax

Budget 2021: Help for retail but no online sales tax

Chancellor Rishi Sunak has unveiled what has been touted as the most important budget statement in decades. And there's plenty in the latest announcement that directly impacts the fashion and retail sectors.
Fashion
UK in top three for cross-border e-shopping popularity

UK in top three for cross-border e-shopping popularity

Britain’s size is immaterial when it comes to e-commerce. The UK is the third most shopped market for international online purchases, only behind China and the US, according to a report.
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
Landsec names data expert as new non-exec director

Landsec names data expert as new non-exec director

Data and analytics expert Manjiry Tamhane has joined property giant Landsec as an independent non-executive director. 
Fashion
West End property still in demand as Reubens buy Armani store

West End property still in demand as Reubens buy Armani store

​Prime real estate will always be in demand, but at what price? Fears the pandemic might have a lasting effect on physical retail and the prices businesses are willing to pay for property look to be overstated, for now.
Luxury
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
Macy's appoints new chief information officer, streamlines leadership structure

Macy's appoints new chief information officer, streamlines leadership structure

The New York-based department store retailer announced on Monday that it has named Laura Miller as its new chief information officer and made a series of other senior leadership changes as part of its Polaris strategy.
Fashion
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