Revenues at Italian luxury group Salvatore Ferragamo beat market forecasts in the first quarter despite a decline in retail sales in China, and the group said it expected to double sales in the medium term.
Re-commerce start-up Responsible has raised €5.8 million to develop its “pioneering embedded finance platform” for the fashion industry. The funding was led by Barclays Sustainable Impact Capital and Techstart Ventures.
With fears over the UK economy growing, the buy-now-pay-later industry looks set to boom. And joining the financing option are Amazon and Barclays to enable online UK customers to pay for purchases in instalments.
In the month before the Omicron variant emerged, UK retail sales continued to advance with fashion sales proving strong, the country's statistics agency said on Friday. But it's unclear how December will play out.