The court in Vicenza, Italy, has accepted the offer of Milano 1984, a company headed by Andrea Citterio, for the acquisition of Grotto SpA, parent company of the beleaguered Italian denim brand with 140 employees.
Many UK trading updates at the moment see retailers reporting weaker sales and reining-in expectations for the year. But Next’s update on Thursday did neither, even though sales guidance for 2022 overall is fairly muted.
Bestseller’s Jack & Jones label has become the first brand to use what it calls “game-changing” Pakistani cotton. It follows the first-ever harvest of certified in-conversion cotton coming from the country.
Zara is launching a capsule collection with the Los Angeles-based brand founded by Khloé Kardashian in order to strengthen its foothold in the United States, its second largest market in terms of sales.
With Glenn Martens in charge of style, the Italian jeans label will be showing its Fall/Winter 2022-23 collection in Japan in June, using the same inflatable-doll setting adopted for its Milanese show in February.
The first West Coast exhibition dedicated to the influential designer just opened its doors at the L.A. County Museum of Art. Over 200 pieces are on display, all shown in correlation with historic pieces from the museum.
A group of experienced and youthful French executives have launched the Fédération de la Mode Circulaire, designed to inject dynamism into the fight to stop climate change caused by the fashion and luxury industries.
The pandemic in China has had a minor impact on the luxury group’s quarterly results. The company is confident for the future in the market, where it wants to strengthen its physical and online presence.