The LA-based digital-first fashion marketplace has announced that it has closed a $195 million Series F funding round, more than doubling its valuation as the company sets its sights on further international expansion.
EssilorLuxottica is considering suing its takeover target GrandVision after a court ruled that the Dutch eyewear retailer had violated the terms of their 7.2 billion euro ($8.6 billion) proposed acquisition agreement.
FedEx on Thursday reported a slightly higher than expected increase in quarterly profit and revenue, but shares shed 4.1% as investors fretted over how the company will grow after the business-boosting pandemic eases.
In an industry first, Paris Fashion Week Men and Paris Haute Couture Week are introducing personalised NFTs for their June and July editions, in partnership with digital certification consortium Arianee.
Certain deep-pocketed brands can stage two shows for their collections. Few have ever pulled off what Louis Gabriel Nouchi managed on Thursday: stage two different brand collections by the same designer in one morning.
Poundland, Pepco and Dealz owner Pepco Group has seen a 16.8% increase in core earnings, as revenue growth from new store openings offset pandemic closures. The company also operates the budget Pep&Co fashion brand.
Women’s fashion brand Nobody’s Child has opened a pop-up store on London’s Carnaby Street. Currently featuring its spring/summer collection, the ethical brand will trade in the Shaftesbury-owned property until January.
Floodgates for the Sports Direct brand are about to open with the retailer heading for a “huge push” into Europe. The brand aims to open flagship stores in “all” capital cities in Europe as part of a five-year plan.