Fashion
H&M to lay off 1 500 people
The Sweden-based fast fashion company announced that it will cut around 1 500 jobs from its workforce as part of a global cost and efficiency programme recently initiated
Gucci's Creative Director Alessandro Michele steps down
The Italian-based luxury House has announced that the Rome-born designer is stepping down as Creative Director, effective immediately, after almost eight years in the job
Capri Holdings announces second quarter results
The fashion group, owner of Versace, Michael Kors and Jimmy Choo, reported revenue growth of 8.6% in the second quarter of fiscal 2023, driven by good performances of its three houses
Alexandra Moura reinvents Wock models
Following the success of the first collaboration, the Portuguese designer teamed up again with the Portuguese-based footwear professional company Wock to reinvent one of its models
Asos embarks on reorganization under new CEO's leadership
In the process of introducing a new business model focused on increasing flexibility within its logistics and reducing costs, Asos is writing off up to 130 million British pounds (150 million euros) of stock
Secondhand market tripled in size since 2020
The estimated value of the apparel, footwear, and accessories resale market is now between 100 and 120 billion USD worldwide, more than three times the size it had two years ago
Taipei Fashion Week partners with JOOR Passport
For a third season, the Taiwanese Fashion Designers will be featured in an exclusive event on JOOR Passport’s digital platform
CHIC Greater Bay Area 2022 postponed to 2023
Due to rising COVID-19 cases in Shenzhen, CHIC GBA (Greater Bay Area), scheduled to take place from the 2nd to the 4th November 2022, will be postponed to 2023
Sustainability by Anna Palmqvist (H&M): we have to change our behaviour
Today we bring you the final interview of a series focused on sustainability. We had a nice conversation with Anna Palmqvist, Sustainability Manager at the H&M Group. Check all the bits and pieces on the video below
H&M sales decline in local currencies
The Sweden-based fashion group advanced that while sales were up by 3% as reported in the third quarter of the current fiscal, year-over-year, they dropped by 4% in local currencies
Tod's exceeds pre-pandemic levels
The Italian-based luxury group, whose revenue in the first half of 2022 grew by 17.4% year-over-year to 467.5 million euros, reported having "returned to values higher than those of 2019"
Inditex posts strong performance
The Spanish-based fashion group reported that sales, EBITDA and net income reached historic highs in the first half of 2022
Tapestry posts record yearly revenue
Despite reporting a weak fourth quarter, the owner of Coach, Kate Spade and Stuart Weitzman posted a record revenue of 6.7 billion US dollars over fiscal 2022, exceeding pre-pandemic levels
Sebastian Öhrn (Myrqvist): companies are moving towards more ownership of their brands and products
Today we talk with Sebastian Öhrn, founder of the brand Myrqvist. After organising a successful Kickstarter campaign, Sebastian created a business where we decided to cut out middlemen and sell its shoes directly to customers online and via a flagship store in Stockholm
Sustainability by Catarina Midby: we have to change now
Today we bring you an interview with Catarina Midby, expert in Communication and engagement in fashion, sustainability and innovation. With 2 decades of experience in the fashion industry, Catarina has been focused on trends, communication, sustainability and entrepreneurship and we talk about those today-
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