When the world's two biggest fashion groups unveil quarterly sales figures on Wednesday, Inditex is seen back at pre-pandemic levels as stores reopen and people renew their wardrobe, while H&M still has some way to go.
Italian ‘buy now, pay later’ specialist Scalapay has completed a funding round worth €131 million ($150 million), that will enable the company to bolster its personnel growth and international expansion plans.
The California-based company specialized in digital-native fashion brands targeting millennial and Gen-Z consumers has set the terms of its New York IPO, revealing that it expects to raise up to $263.9 million.
Sporting boundaries don’t appear to exist for Castore. The ambitious, fast-growing lifestyle and sportswear brand, so far best known for its kit deals with major UK football teams, has now entered the cricket arena.
UK-based specialist information and analytics company Ascential has bought OneSpace, the US-based content optimisation business that serves brands trading on e-commerce marketplaces. The purchase price wasn't disclosed.
Safilo's shares rose more than 14% on Monday after the Italian eyewear group signed a multi-year licensing deal with Chiara Ferragni to design, make and distribute the first eyewear collection under her brand.
Chiara Ferragni is one of the biggest influencers globally and now Safilo is set to tap into that with the eyewear giant having signed a new deal with the blogger-turned-entrepreneur. Its her first move in eyewear.
A trading update from Primark showed the value fashion retailer is on the recovery trail, with profit up on a year ago and strong Q3 like-for-like sales, although Q4 reversed some of that gain due to new restrictions.
Italy’s biggest make-up supplier Intercos has dusted off plans to list on the Milan stock exchange and is looking to launch its initial public offering in October or November, three sources said on Thursday.
Rising supply chain costs are pushing fashion brands to hike prices but, according to a new report from GlobalData, significant increases could drive customers away as the critical holiday period approaches.
The New York-based fashion group reported a year-over-year increase of 112.5% in its second-quarter sales on Thursday, growth which allowed the company to make significant progress in reducing its net loss.