H&M Group’s net sales rose as much as 75% in local currencies during Q2 (the March to May period), although given the strengthening Swedish Krona, its revenues translated into ‘only’ a 62% rise on a total basis.
Boohoo’s trading update on Tuesday showed that the pureplay e-tailer continued to prosper in Q1, even after UK physical stores reopened in April, although there were challenges in some markets and margins were squeezed.
Global home products giant Unilever announced on Monday an agreement to acquire digital-led skincare brand Paula’s Choice from TA Associates.
The health crisis had a strong negative impact on the results of the Italian brand, which posted a net loss of 127 million euros in 2020, compared to earnings of 33 million euros in the previous year.
French shoppers have favoured Dior, Chanel and Saint Laurent since the end of May 2020, according to a YouGov study, and have opted more for fragrances and cosmetics than for fashion categories.
Bonuses paid out to JD Sports Fashion executive chairman Peter Cowegill have come under fire with advisory firm Glass Lewis recommending shareholders vote against the firm's “inappropriate” pay policy.
LK Bennett has filed its latest results at Companies House and while they only cover the 12 months to February last year, they did include some information about how it has fared in the Covid-hit environment since then.
Ted Baker’s twice-delayed full-year results looked grim on Monday as the fashion retailer announced a 44%+ drop in revenue and a pre-tax loss that widened by almost 39%. But its CEO was upbeat about its prospects.
Ferrari, with its prancing stallion symbol, may be the ultimate masculine luxury symbol of Italy. But when it launched its first fashion collection this weekend there were more girls than guys on its catwalk.
The owner of brands including Umbro and Lee Cooper announced on Friday that it has entered into a definitive agreement to be acquired by an affiliate of Lancer Capital, a deal which values Iconix at around $585 million.
Daniel Wellington this week debuted its new Quadro collection, as it unveiled a brand-new ambassador, Tina Kunakey, for its watches in the latest moves from one of Scandinavia’s fastest growing accessories marques.
The CEO of Sergio Rossi is now a shareholder alongside Chinese group Fosun, which has recently acquired the Italian footwear label, and tells FashionNetwork.com how the operation unfolded, outlining his future plans.
Buy-now-pay-later (BNPL) giant Klarna has raised new capital in a deal that not only values it at a massive $45.6bn but gives it a valuation as much as $14bn higher than its last fundraising round as recently as March.
Beauty e-tailer Cult Beauty has filed its full-year results for the 12 months to May 31 2020 and they show that it enjoyed what it called “another great year”, despite the pandemic affecting over two months in the year.
Online sporting goods retailer Signa Sports United is taking over UK-based cycling and outdoors business Wiggle, according to reports.
