Kering's star brand Gucci grew sales by 3.8% in the third quarter, missing analyst expectations, as the pace of recovery from the coronavirus pandemic slowed down sharply following a bumper second quarter.
The American clothing label, which was acquired by Authentic Brands Group from PVH earlier this year, has extended its licensing agreement with Centric Brands to cover new product categories and distribution channels.
British tennis star Emma Raducanu has deepened her links to luxury giant LVMH and has been signed up as Dior’s newest celebrity ambassador, underlining the A-list status she achieved when she won the US open.
As eco launches ramp up, UK sustainable intimates brand ONE Essentials has debuted a range of natural, biodegradable, non-toxic underwear. It features “fundamental basics centred around a closed loop system”.
Demand online for new officewear jumped in September as workers steadily began reverting to pre-pandemic conditions, a new report shows. Online fashion checkouts for apparel increased 15% year-on-year last month.
Premium fashion retailer Reiss has this week unveiled the first-ever kidswear offer that it flagged with its results last month. The company has created an upscale line that reflects the wider brand’s overall profile.
UK supermarkets giant Asda has this month opened the largest refill store in the country in York. The superstore stocks 100 branded and own-brand products sold in loose and unpackaged format in a huge 18-bay refill zone.
Matalan revenues rose fast in Q2 but could have risen faster if not for supply chain issues. The company is staying cautious as logistics problems frustrate efforts to get the product customers want into its stores.