headlines
Ervér makes good start at H&M Group as Q1 looks stronger
H&M Group released its first set of results under the leadership of CEO Daniel Ervér on Wednesday and he seems to have got off to a good start because while Q1 saw net sales down, profit rose.
Fashion
Retail
Tod's investor calls for L Catterton to raise buyout offer
Tod investor Tabor Asset Management has published an open letter calling for an increase in the price offered by L Catterton to buy 36% of the Italian luxury shoemaker, saying the price of 43 euros per share is unfair.
Luxury
Business
Canada Goose cuts 17% of roles as consumer pullback persists
Canada Goose Holdings Inc. is cutting 17% of its global corporate workforce as it attempts to support long-term growth amid a slowdown in sales.
Luxury
Business
Slowear CEO Piero Braga on considered growth and building women’s offerings
As it steadily evolves, the Venice-based brand is introducing the American market to its female-targeted product.
Fashion
Business
Marcolin tops €550 million revenue mark
Fiscal 2023 was highly positive for the Italian eyewear producer, with net sales of €558.3 million, up by 2% at current exchange rates and by 3.8% at constant rates, while adjusted EBITDA rose by 27.9% to €78.1 million.
Fashion
Business
The latest news
headlines
Ervér makes good start at H&M Group as Q1 looks stronger
H&M Group released its first set of results under the leadership of CEO Daniel Ervér on Wednesday and he seems to have got off to a good start because while Q1 saw net sales down, profit rose.
Fashion
Retail
Tod's investor calls for L Catterton to raise buyout offer
Tod investor Tabor Asset Management has published an open letter calling for an increase in the price offered by L Catterton to buy 36% of the Italian luxury shoemaker, saying the price of 43 euros per share is unfair.
Luxury
Business
Canada Goose cuts 17% of roles as consumer pullback persists
Canada Goose Holdings Inc. is cutting 17% of its global corporate workforce as it attempts to support long-term growth amid a slowdown in sales.
Luxury
Business
Slowear CEO Piero Braga on considered growth and building women’s offerings
As it steadily evolves, the Venice-based brand is introducing the American market to its female-targeted product.
Fashion
Business
Marcolin tops €550 million revenue mark
Fiscal 2023 was highly positive for the Italian eyewear producer, with net sales of €558.3 million, up by 2% at current exchange rates and by 3.8% at constant rates, while adjusted EBITDA rose by 27.9% to €78.1 million.
Fashion
Business
Business
Saks Fifth Avenue flagship appraised at $3.6 billion as it renews Neiman push
The owners of Saks Fifth Avenue are in talks to raise financing to bolster the cash portion of an offer to buy competitor Neiman Marcus, according to people familiar with the matter
Luxury
Business
A Swiss watchmaker with deep ties to India is back from the dead—again
Luxury watchmaker Favre Leuba plans to unveil more than two dozen timepieces later this year, priced as much as 2
Luxury
Business
Superdry CEO Dunkerton will not bid for fashion chain
Superdry CEO and top shareholder Julian Dunkerton will not be making an offer for the company, and the struggling British fashion chain also snagged an extension to a loan facility to help its turnaround plans.
Fashion
Business
Brunello Cucinelli announces the acquisition of the Sartoria Eugubina couture workshop and the construction of a new factory
The Italian luxury brand is acquiring Sartoria Eugubina, a renowned couture workshop specializing in high-end tailoring and made-to-measure garments, located in Gubbio, Umbria.
Luxury
Business
Trade shows
La Plage trade show returns to Miami, expands to LA
My Fashion Agent, the producer behind the boutique concept trade show La Plage Miami, has announced the launch of its first-ever edition in Los Angeles.
Fashion
Trade shows
Shanghai’s big textile trade shows open on cautiously optimistic note
The Intertextile show, with 3,000 fabric producers exhibiting, and the Chic show, with its 1,200 apparel manufacturers, kicked off on March 6 amidst hopes of renewed growth in Western and Chinese demand.
Fashion
Trade shows
ITM and Texhibition trade shows scheduled in Istanbul on March 4-8
The ITM textile machinery show and the Texhibition yarns and fabrics show will be held in Istanbul at the beginning of March, respectively featuring 1,200 and 400 exhibitors.
Fashion
Trade shows
Tranoï: 92% of exhibitors at the next womenswears show come from outside of France
The Tranoï womenswear show, first held 26 years ago, will be staged again at Palais Brongniart in Paris from February 29 to March 3. It will be a truly international edition with 180 exhibitors, 15 of them from France.
Fashion
Trade shows