Image: Zara Spanish fashion giant Inditex has reported soaring sales in the first quarter of the year as it swung to a profit. For the three months ended April 30, sales soared 50 percent to 4.9 billion euros compared to last year when the company was hit hard by global store closures amid the first […]

Image: Ssense HQ, Montreal, Canada Online fashion pureplayer Ssense has secured a minority investment from Sequoia Capital China, valueing the company at 5 billion Canadian dollars. The Montreal-based e-commerce giant is one of the industry’s leading online stores representing a dedicated mix of emerging […]

Image: Chico's press room For the first quarter, Chico’s FAS Inc., reported a net loss of 8.9 million dollars or 8 cents loss per diluted share compared to a net loss of 178.3 million dollars or 1.55 dollars loss per diluted share, for last year’s first quarter. Net sales for the quarter were 388 million […]

Image: About You, Facebook German fashion e-tailer About You has set a price range of between 21 euros to 26 euros a share for its float on the stock market, valuing it at around 4 billion euros. The company, which is owned by Otto Group, said it aims to raise between 600 million euros and 941 million […]

Luxury conglomerate LVMH has launched a global emergency and support fund for its 150,000 employees, with an initial endowment of 30 million euros. The LVMH Heart Fund is aimed at supporting all of its staff around the world in more than 70 countries, helping employees suddenly faced with a “serious […]

Image: Mytheresa Luxury fashion e-tailer Mytheresa has teamed up with resale platform Vestiaire Collective to launch a new second-hand fashion service. The tie-up will allow Mytheresa customers to use a dedicated web interface to sell their second-hand fashion - the process of which will be run by Vestiaire […]

Italian luxury fashion house Salvatore Ferragamo has confirmed that it is in exclusive negations with New York-based Inter Parfums, Inc. regarding the global licensing of its perfume. In a short statement, Inter Parfums said that it is “engaged in ongoing exclusive negotiations” with Salvatore Ferragamo […]

Image: Sperry, Facebook In an update on the second quarter results, Wolverine World Wide, Inc. has announced that its performance has accelerated in the quarter of the year, fuelled by the strength of its largest brands and compelling product innovation. “The Company continues to see strong momentum […]

Image: Google Ads Google has been fined 220 million euros (189m pounds) by France’s Autorité de la concurrence, the country’s competition authority, for abusing its advertising power. Other European countries could soon follow suit under strict European advertising rules. The French competition watchdog […]

Image: DKNY, Facebook US fashion group G-III Apparel has reported a 28.3 percent increase in net sales for the first quarter of the year, beating analysts’ estimates as it swung to a profit. For the three months to April 30, net sales increased to 519.9 million dollars from 405.1 million dollars a year […]

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