H&M Profit Beats Estimates as Spring Range Draws Shoppers
Business of Fashion Blog
by Bloomberg
1d ago
The Swedish retailer recorded operating profit of 2.08 billion Swedish krona ($196 million), with operating margin more than doubling from the year before ..read more
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Asos and Boohoo Forced to Clarify Green Claims
Business of Fashion Blog
by Bloomberg
1d ago
Major UK fast fashion retailers will change the way they promote the environmental credentials of their clothes after being accused of greenwashing by a UK watchdog ..read more
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Marine Serre: From Radical to Pragmatist
Business of Fashion Blog
by Tim Blanks
1d ago
Serre, who grew sales by 20 percent in 2023, has been named Pitti Uomo’s next guest designer. She’s using the opportunity to show her men’s collection for the first time ..read more
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Visa, Mastercard Reach $30 Billion Deal With US Retailers
Business of Fashion Blog
by Bloomberg
1d ago
The companies agreed to cap credit-card swipe fees in one of the most significant antitrust settlements ever, following a legal fight that spanned almost two decades ..read more
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Canada Goose Cuts 17% of Roles as Consumer Pullback Persists
Business of Fashion Blog
by Bloomberg
1d ago
The luxury parka retailer’s job cuts follow two quarters of single-digit sales growth after increases of more than 20 percent the previous two periods ..read more
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Allies Of Skin Secures $20 Million Investment
Business of Fashion Blog
by Daniela Morosini
1d ago
Premium skincare line Allies Of Skin announced a $20 million investment round on Mar. 26 with the funds earmarked for a wide US expansion. It’s the brand’s first institutional raise, having previously taken investment from family members and friends ..read more
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Alibaba Calls Off Cainiao’s IPO After Market Slump Worsens
Business of Fashion Blog
by Bloomberg
1d ago
It’s the second time Alibaba has nixed a high-profile coming-out party for one of its main businesses ..read more
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Mercado Libre to Increase Investments in Brazil to $4.6 Billion in 2024
Business of Fashion Blog
by Reuters
1d ago
The amount represents an acceleration on the pace of the company’s annual investments in Brazil after a 11.5 percent rise in 2023 ..read more
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Asos Sales Fall Again Amid Turnaround of Fashion Retailer
Business of Fashion Blog
by Bloomberg
1d ago
Asos Plc suffered a double-digit decline in sales in the first half as the fashion retailer was forced to heavily discount clothes to clear a buildup of last season’s unsold stock ..read more
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The Perfumers Driving the Fragrance Industry
Business of Fashion Blog
by Emily Jensen
1d ago
While brand names and celebrities get the public to buy scents, it’s leading behind-the-scenes noses who fuel innovation and set key trends ..read more
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