Italian state-backed investment fund Fondo Strategico Italiano (FSI) has agreed to buy 41.2% of Italian fashion house Missoni, while former Salvatore Ferragamo CEO Michele Norsa will be appointed as deputy chairman.
UK supermarkets giant Tesco isn’t known for sharing lots of information about how well its fashion operations are faring but on Friday, in its latest update, it told us its clothing business is doing reasonably well.
New Balance and Paul Smith have joined forces to launch a footwear collection made at the shoe brand’s UK factory in Cumbria. The range includes a men’s football boot, a men’s and a women’s trainer and three footballs.
The pioneer of fast fashion isn't looking so fast anymore. Inditex , the world's largest clothing retailer and owner of the Zara chain, faces growing competition from younger, online-only players like Boohoo.
Adidas put a big marketing budget behind its latest Adidas Originals launch this week with a London event immersing sneakerheads in the world of personalisation and enlisting influencers/creators to add an extra edge.
Trading statements and results announcement are being closely watched at present as some global markets prove to be tough for fashion chains. So H&M was in the spotlight on Friday as it reported Q2 sales up 2%.
U.S. retail sales increased more than expected in May as consumers bought a range of other goods even as they paid more for gasoline, the latest indication of an acceleration in economic growth in the second quarter.