As it pushes forward with the expansion of its network of brick-and-mortar stores and fulfillment centers, the US-based platform dedicated to second-hand luxury products has received $115 million in Series G financing.
Donald Trump’s daughter Ivanka announced on Tuesday that she is shutting down her fashion label, with sources citing frustration related to the restrictions she placed on the company to avoid conflict of interest.
Kin continued to drive John Lewis womenswear sales up in the last seven days as the firm's own label proved a popular pick for customers and underlined the wisdom of its new strategy that is very focused on own-brands.
Hammerson announced it is trimming its exposure to department stores and high street fashion retailers in a strategy update unveiled on Tuesday, as pre-tax profits plunged by 80% in the first half of the year.
Fast Retailing has taken a minority interest in Lemaire, the brand established by Christophe Lemaire and Sarah-Linh Tran, and is deepening the Uniqlo link with the man who is artistic director at its Paris R&D Centre.
Petra Diamonds Ltd forecast lower-than-estimated production for 2019 after reporting 2018 output at the bottom end of its previously guided range, sending its shares down more than 8 percent on Monday.