Finland’s Marimekko said on Wednesday that it has upgraded its profit guidance for the full year as pandemic uncertainties reduce, although they haven't gone away and supply chain disruption could still cause problems.
With Topsoho likely unable to repay the €250 million bond debt that matured on Tuesday, its creditors could acquire a 53% stake in Topsoho-owned SMCP, only to perhaps decide to sell it, as FashionNetwork.com has learned.
The New York-based fashion group announced the launch of its new premium denim brand on Wednesday, revealing a label combining sustainability, quality and artistic sensibility, set to make its debut in October.
Are sneakerheads in for a rough holiday season? Nike Inc's updates to its full-year sales outlook on Thursday will likely answer that as it deals with unprecedented supply challenges ahead of the holiday season.
Covid-19 was no friend to cash. The pandemic saw retail transactions via payment cards rocket in 2020, according to the British Retail Consortium (BRC). Cash now accounts for just 15% of total spending in retail.
LFW may not be what’s normally associated with the George at Asda brand, but the value-priced label chose the event to launch its AW21 collection with a short film that pushes sustainability and its exclusive designs.
Luxury lifestyle brand BALR is relaunching in Britain and Ireland this season and has appointed Start agency as its UK sales partner. The label launches in lHarvey Nichols, Selfridges, and the expanding Flannels chain.