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
Moschino reduces stake in joint venture with Altana for junior line
The Aeffe group's star label has sold a 15% stake in Moschino Kids to its partner Altana, but remains a majority shareholder in the joint venture company they set up in 2022 to develop and run the childrenswear line.
Luxury
Business
JD Sports has ups and downs in latest year and Q4
JD Sports Fashion showed on Thursday how even the strongest companies can face tough times with an update for the 53 weeks to 3 February (FY24) showing tepid sales growth in some areas, and especially in Q4.
Fashion
Business
Quiz CEO steps down but stays as non-exec as sales growth still elusive
Struggling womenswear retailer Quiz announced some big changes on Thursday following a strategic review, with its CEO stepping down, its commercial chief stepping up and its Chairman taking a more active role.
Fashion
Business
Amazon's senior employees may not get a cash pay raise this year
Amazon.com Inc said on Wednesday its senior employees, whose compensation includes more stock-related awards than cash, may not receive a cash pay raise this year.
Fashion
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