The latest news
Superdry to sell Asia Pacific IP assets to South Korea's Cowell
Superdry is continuing its rationlisation drive while also expanding its brand reach and has struck a deal for the sale of its intellectual property assets in parts of Asia Pacific for a fee of US$50m, payable in cash.
Charity Super.Mkt to open at Oracle after Brent Cross success
No wonder Charity Super.Mkt is back with a new pop-up store. It had raised over £300,000 for UK charities at Brent Cross, London, last month (and reinvented charity shopping in the process, it says).
Vinted report claims big CO₂ savings for secondhand compared to buying new
Vinted — the peer-to-peer secondhand fashion marketplace — has released a new report backing up its sustainability claims and saying that it's "a better choice for the climate than buying new".
Ambitious Belgian brand HNST Studio debuts global webstore
HNST Studio has rebranded and is making its global debut with the launch of its online store. The denim-centric circular brand has unveiled the webstore to coincide with the debut of its SS23 core collection.
Moschino announces that Jeremy Scott is stepping down as creative director
The house of Moschino announced on Monday afternoon that Jeremy Scott is stepping down as creative director of the Milan-based marque, after a decade long rein.
M&S is doubling down on brands strategy, sees £1bn potential
M&S is reportedly ready to dive even deeper into selling external fashion brands alongside its own label in a move that would take it even closer to a traditional department store model.
Backlash starts over John Lewis potentially changing staff ownership structure
John Lewis Partnership (JLP) has moved fast with reassurances that any outside investor s brought in won’t mean the end of the firm’s employee ownership model as criticism of what’s not even a definite plan has begun.
Esprit issues profit warning, hit by a mixture of problems
Esprit Holdings has issued a profit warning for the 2022 financial year, announcing to the Hong Kong Stock exchange that it will make a loss for the year compared to the profit of a year earlier.
Analysis: as John Lewis mulls ownership tweak, why is it lagging rival M&S?
Not so many years ago, John Lewis was unstoppable while M&S was in an endless turnaround phase. Today, the situation has reversed and John Lewis is even reportedly thinking of changing its prized ownership structure.
John Lewis losses grow, launches bigger costs-savings drive
When a results release starts with a message to the staff talking about “another very tough year”, you know it’s not going to be good and so it was with John Lewis Partnership on Thursday.
Guess annual sales lift on strong Europe gains, the Americas weighs
Guess Inc. announced on Tuesday revenues for the fiscal 2023 increased 4% to $2.69 billion, upheld by sales gains in the fashion brand's European and Asian markets, offsetting sluggish growth in the Americas.
John Lewis names non-exec Nish Kankiwala to new CEO role
It’s a big news week for John Lewis with its results due Thursday and a new concept store layout unveiled Tuesday. And Wednesday? Just the small matter of a new CEO.
H&M Group sales rise 12% in latest quarter
H&M Group delivered its provisional Q1 sales report on Wednesday and said sales in the three months to February rose a healthy 12% to SEK54.9 billion (€4.3bn/£4.9bn/$5.2bn).
Another strong year for Inditex as sales and profits beat inflation
Inditex’s full-year results on Wednesday saw the Spanish retail giant once again showing why it’s such a dominant force in fashion as sales and profits both soared.
Google update reduces fashion brand visibility - report
In a worrying development for the UK fashion sector, it seems that “fashion businesses have experienced one of the biggest drops in visibility on Google following its last two algorithm updates”.
Mother Denim launches David Bowie-inspired capsule collection
Los Angeles denim and ready-to-wear brand Mother announced on Monday the launch of its Swing ’23 capsule collection paying homage to David Bowie’s otherworldly Ziggy Stardust era.