Sales at Stella McCartney fell to £28.4m from £38.6m as the pandemic hit last year. And it saw a pre-tax loss bigger than its sales at £31.4m. But 2020 was also a year of renewal and it said 2021 sales are recovering.
Party season may be all about sequins, but not for UK fashion brand Boden. The mid-market retailer has said it’s removing all sequins and glitter from its offer as part of its drive to keep plastic out of the oceans.
The French group has acquired the 49% stake held by Italian glasses maker Marcolin in Thélios, the joint venture founded by the two companies in 2017, thereby taking complete control of its eyewear operations.
Google is aiming to help the fashion industry become more sustainable and has linked with Stella McCartney, The Textile Exchange and the World Wide Fund for Nature on the Global Fibre Impact Explorer tool.
Marco Bizzarri, who has led Kering's flagship brand since 2015, has taken a stake in the Italian investment firm focused on small and medium-sized companies, and has also become a member of its advisory board.
A group of major UK luxury brands are coming together on Tuesday to take part in a special event linked to the COP26 conference. Burberry, Mulberry, Mother of Pearl and Stella McCartney are all taking part.