Frasers Group has acquired a big stake in Australian fashion marketplace, MySale. It sees it as "an opportunity for a strategic partnership" to sell end-of-line group products via an established clearance channel.
A new BCG and Comité Colbert study shows that 65% of consumers “take into account companies' commitment to sustainable development when deciding on their purchases” and that luxury still needs to do more to excel online.
Evolved By Nature, a biotech firm backed by French fashion company Chanel, said on Thursday it has raised $120 million in a financing round, adding new investors including one of Canada's biggest pension funds.
UK lifestyle retailer Cath Kidston’s new owner could be investor Hilco. It’s close to buying the brand and wholesale operations, having held “detailed talks” with owner Baring Private Equity Asia, a report says.
H&M’s first half and Q2 were all about its ongoing recovery as the retail giant benefited from “increased full-price sales and lower markdowns”. But there remain challenges and comparison periods are getting tougher.
Mulberry was upbeat Wednesday as its reported annual results, with a slew of strong figures and a determination to eventually reopen in Paris. But it has predicted slower growth ahead due to the volatile global backdrop.
The Botswana government and De Beers Group have extended their agreement for the sale of rough diamond production from its joint venture Debswana by an year to June 2023, the diamond miner said on Wednesday.
Lycra has gained new ownership, with creditors of its former parent company Shandong Ruyi Technology Group taking full equity control after the Chinese fashion conglomerate defaulted on a $400 million loan.