The Italian label is increasingly set on expanding internationally: between 2021 and 2022, it will have opened 22 new stores in strategic locations worldwide, as CEO Matteo Sinigaglia tells FashionNetwork.com.
Gap slashed its annual results forecast on Thursday, sending shares 13% lower after hours as the clothing retailer blamed poor fashion choices at its Old Navy line and weak demand in the face of decades-high inflation.
In an interesting development, the new series of hit TV show Love Island sees it partnering with eBay UK to dress contestants in pre-owned clothes rather than the fast fashion that's the staple fare of the show.
Luxury retailer Hervia has been acquired by Parabellum — the private equity operation controlled by Rami Cassis — for an undisclosed sum, marking its first move outside of B2B investments and into luxe fashion.
Israel's Delta Galil announced on Monday revenues for the first quarter lifted 16%, another quarterly sales record for the company, which also posted a 26% uptick in net profits for the three months ending March 31.
Turkish denim manufacturing giant ISKO has opened a product development centre in London, saying it’s the first of its kind in the UK. The centre for "responsible production" is called the Creative Room London.
Superdry CEO Julian Dunkerton talked of making progress when he delivered a full-year/Q4 update on Thursday. And while it clearly has some way to go before it's back to full health, it appears to be on the right track.