Fashion
ASOS CEO resigns as company issues profits warning
The fashion retailer announced the CEO’s resignation as it disclosed the final results for the fiscal year of 2021. Despite a strong performance, the company issued a profit warning due to supply chain disruptions and rising costs
Gap publishes the 2020 Global Sustainability Report
The document summarizes the efforts of the company and each of its brands towards sustainability and the fostering of a more inclusive and fairer workplace
Canada Goose steps into the footwear segment
The Canadian-based luxury outwear brand will launch its first footwear line in November. The release is part of Canada Goose’s “Beyond the Parka” growth strategy, aiming to turn the company into a fully-fledged lifestyle brand
H&M with sales increase
The Sweden-based fashion brand Hennes & Mauritz AB announced the results for the third quarter of 2021, running from 1st of June to 31st of August. Sales and profit increased during this quarter as more stores were able to reopen
Saadia Group to acquire Aquatalia
The US multicategory product manufacturing, wholesaling, distribution and retailing company has agreed to acquire the assets of the Italian footwear and accessories brand. Aquatalia becomes the first luxury label in Saadia's portfolio
Mytheresa closes the year with strong sales
The German-based luxury e-commerce platform reported net sales increase of 36.1% to 162.4 million euros in the fourth quarter of 2021 and a 36.2% sales jump for the full fiscal year of 2021
Etro nominates new CEO
The Italian-based fashion house has announced that Fabrizio Cardinali will take on the role of Chief Executive Officer, effective fourth quarter of 2021. Cardinali is the first CEO appointed under the new owners of Etro, L Catterton
Prada and Theaster Gates launch Dorchester Industries Experimental Design Lab
The three-year collab initiative aims at amplifying the work of emerging and established artists of colour through awards and public programming. The space will be located in Chicago
Record results for Inditex
In the second quarter 2021, between May and July, the Spanish-based fashion group registered revenue, profit and cash generation with historic highs
Nordstrom raises fiscal year outlook
The American chain of luxury department stores reported second quarter results, which reflected continued broad-based improvement in sales trends across categories and geographies
Alibaba with 34% revenue growth
The Chinese-based ecommerce giant has announced results for the quarter ended on the 30th of June 2021. In the period, revenue of Alibaba totalled 205.740 billion Renminbi (31.87 billion US dollars), an increase of 34% year-over-year
Changes to the Board of Directors of Richemont
In advance to its upcoming annual general meeting due to be held on the 8th of September 2021, Richemont has announced changes to its Board of Directors
Inspiramais looks at the future
The latest edition of the Latin America exhibition Inspiramais, focused on solutions relating to sustainability, technology and fashion, was held between the 13th and the 16th of July. Over a thousand materials for the 2022_II season were launched
Ferragamo's revenue up by 44.1%
The increase in revenue has been achieved despite the permanence, in some countries, of lockdowns and bans driven by COVID-19. On the 30th of June 2021, Ferragamo was operating with 53% of retail stores at full capacity
Nordstrom with new Chief Human Resources Officer
The fashion retailer announced Farrell Redwine as its new Chief Human Resources Officer. She will join the executive team and report to Nordstrom CEO Erik Nordstrom-
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