Fashion
Vestiaire Collective: financing round backed by Kering and Tiger Global Management
The second-hand fashion platform announced the completion of a new 178 million euros financing round, backed by global French luxury group Kering and US investment firm Tiger Global Management
Nordstrom sales drop by 20%
The Seattle-based luxury department store has announced results for the fourth quarter and fiscal year ended on the 30th of January 2021. Annual sales were down by 20%. Digital sales reached 2 billion US dollars and represented 54% of the business
Christian Louboutin sells 24% stake to Ferrari owner
Holding company Exor and Christian Louboutin announced a partnership whereby Exor will invest 541 million euros to become a 24% shareholder in Christian Louboutin, alongside the founders and will nominate 2 of the 7 members of the Company’s Board of Directors
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CHIC Shanghai to start on the 17th of March
Due to new regulations to control the infection rate the fair will take place from the 17th to the 19th of March 2021. Originally, the fair was annnounced to take place from the 10th to the 12th of March
Retail associations merge in Germany
The German retail associations representing apparel (BTE), footwear (BDSE) and leather goods (BLE) have decided to merge to form the BTE Handelsverband Textil, Schuh, Lederwaren (Trade association of textile, shoes and leather goods)
Marita Moreno is in the biggest fashion game in the world
It is one of the most famous virtual fashion games. It's called Covet Fashion and it allows users to create a dream virtual wardrobe and bring some of those pieces to real life
Farfetch reaches profitability
The luxury e-commerce platform has announced revenue in 2020 which increased by 64% to 1.7 billion US dollars, with future sights set on China, after investments and deals made last year
US consumption recovers as spending lifts by 2.4%
The recovery in consumers’ spending registered in January 2021 follows months of cost-cutting in the US. This 2.4% growth was the sharpest in seven months and is taken as a sign that the economy may be placed to nurture a recovery
Tod's closes the year with sales down by 30.4%
In fiscal year 2020, Tod's consolidated sales totaled 637.2 million euros, down by 30.4% from 2019. In the fourth quarter of 2020, sales amounted to 184.5 million euros, down by 22.6%. China is already growing in double digits
Burberry: store sales decline by 9%
The UK-based fashion house has announced third quarter results, marked by decline in retail revenue. Suffering the impact of COVID-19 in its retail network, comparable store sales declined by 9% in the quarter
Boohoo buys several brands from Arcadia
The United Kingdom-based online fashion retailer acquired Dorothy Perkins, Burton and Wallis' brands, its intellectual property and stocks for 25.2 million British pounds in cash
Burberry included in Bloomberg's Gender Equality Index
The ethical character of the British fashion brand Burberry was first recognized by the Bloomberg Gender-Equality Index (GEI) - Bloomberg's Gender Equality Index
London Fashion Week February 2021 to go ahead with no live audience
The event due to run from Friday 19th to Tuesday 23rd will be able to go ahead as digital-only event. Shows, presentations and installations can be filmed and photographed but should not take place with an invited audience
ARKET stars childrenswear collection's rental service
The Nordic lifestyle brand, part of the H&M group, is offering a new rental service for its children’s collection in partnership with Amsterdam-based online shop and clothing subscription Circos-
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