Italian fund Fondo Strategico Italiano (FSI), which is indirectly controlled by the state, is set to acquire 41.2 percent of Missoni, the brand known for its zigzag and geometric patterns. The two companies announced the deal during a press conference held this Friday in Milan. "The aim of the partnership […]

RECAPThis week, FashionUnited published a series of interviews with startups that aim to change the way people buy fashion. They are using technologies like artificial intelligence and machine learning to make shopping faster, more practical or more inclusive. Missed it? Here’s a recap: Curated Crowd: […]

Founded in 1989 Ningbo, China, Shanshan Group started as a small factory manufacturing men’s suits, garments and apparels. Over the years, it has become one of the most famous fashion brands in mainland China, expanding its product lines into luxury womenswear and menswear. In 1998 and 1999, Shanshan […]

Sales including VAT at Hennes & Mauritz AB (H&M), in the second quarter to May 31, 2018, amounted to 60,464 million Swedish krona (6,904.8 million dollars), representing an increase of 2 percent compared to the corresponding quarter the previous year. Sales excluding VAT amounted to 51,983 million Swedish […]

Cherokee Global Brands for its first quarter ended May 5, 2018 reported revenues of 5.4 million dollars compared to 6.8 million dollars, same quarter last year. While adjusted EBITDA increased 20 percent to 1 million dollars, operating loss was 0.2 million dollars compared to a loss of 2.3 million dollars […]

INTERVIEWNumerous studies show that Millennials and Generation Z consumers expect companies to care about sustainability and social justice. They are also interested in personalized items, especially when it comes to fashion. At the same time, innovations like artificial intelligence and virtual reality […]

Dries Van Noten has sold a majority stake of its brand to Spanish group Puig, which also owns Carolina Herrera, Jean Paul Gaultier, Nina Ricci and Paco Rabanne. Van Noten will continue working for the brand as its chief creative officer and chairman, according to a join statement. He will also hold […]

In the first half of 2017/18, Gerry Weber International AG generated consolidated revenues of 404.7 million euros (478 million dollars), a decline of 5.4 percent. Following the disappointing first half, the company has initiated a “Performance Programme”, modifying its business model for sustainable […]

INTERVIEWThis week, FashionUnited introduces five startups that aim to change the way people buy clothing and accessories. As Millennials and Generation Z consumers demonstrate a growing interest in sustainability, social justice, and personalization, and new technologies have the potential to revolutionize […]

The Mulberry Group said that it made progress during the year with profit from its business in the UK, Europe, North America and wholesale increasing by 36 percent to 11.3 million pounds (15 million dollars), which the company added, reflected a focus on new products and network optimisation. Group […]

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