It’s a busy time for Authentic Brands Group. On the same day as it announced its New Guards link-up for Reebok, it also revealed a major new strategic partnership with David Beckham.
Sales at Italian luxury outwear maker Moncler grew by 30% in the key final quarter of 2021 and 44% for the full year to well above pre-pandemic levels thanks to strong U.S. and China markets.
There’s big change ahead at Reebok and it looks like it means a more upscale brand direction with owner Authentic Brands announcing a long-term strategic partnership with Farfetch's luxury-focused New Guards Group.
The French eco-luxury makeup brand raised €10 million from Bpifrance, its long-time investor, Mirabuad Asset Management, and the Chalhoub Group
Allbirds announced on Wednesday record-breaking revenues of $97 million for the fourth quarter, sending the innovative footwear and apparel brand's 2021 sales up 27% for the year.
Ebay Inc on Wednesday forecast bleak first-quarter results, as the e-commerce platform tackles waning online demand, stiff competition and global supply chain disruptions.
The RealReal announced on Wednesday that both fourth quarter and full year 2021 gross merchandise value and total revenues increased by more than 40%, despite profitability staying in the red at the luxury resale site.
Creditors of debt-laden fashion conglomerate Shandong Ruyi Technology Group will seek control of Lycra after Ruyi defaulted on a $400 million loan it took from them to buy the fibre maker.
The global cosmetics giant is preparing to step into the virtual world. According to CoinDesk, L’Oréal has registered many of its trademarks in the NFT and metaverse categories.
The vice-president of Chinese fashion group ICCF tells FashionNetwork.com how Icicle and Carven managed to accelerate their growth in China and Europe last year, and assesses the changes occurring in both markets.
Together Group, a global collection of agencies focused on luxury and lifestyle, has announced the acquisition of “significant stakes” in five founder-led companies as it grows its offer of full-service solutions.
Reports this week suggested that what could be one of luxury’s biggest deals yet is being considered. LVMH is said to be in talks around a possible Ralph Lauren buy.
TJX Cos Inc missed Wall Street estimates for quarterly sales on Wednesday, hurt by temporary store closures and fewer customers visiting its outlets due to the COVID-19 pandemic.
Puma said on Wednesday it expected sales to grow at least 10% on a currency-adjusted basis in 2022 despite ongoing challenges due to COVID-19 restrictions, political tensions and supply chain constraints.
Monsoon Accessorize has been through seismic changes in recent years, but its turnaround appears to be on track with sales of £196m and EBITDA of £17.4m in 2021. It also finished the year debt-free, with £15m of cash.
