H&M has shut its flagship Shanghai store, its latest closure in China where consumer demand has slumped amid COVID-19 lockdowns and it has received backlash against companies that refuse to use Xinjiang cotton.
After leaving his position as CEO of French event sales site Showroomprivé in December, Thierry Petit has sold his 17.61% stake in the company. Eric Sitruk, soon to own a 7.5% stake, is set to become a board member.
One reason Paris remains the world’s greatest fashion capital: the city is so photogenic. Underlined by a spectacular Ami sunset show at the Sacré Coeur and an Amiri catwalk display in the charming Jardin des Plantes.
Nike is making a full exit from Russia three months after suspending its operations there, the U.S. sportswear maker told Reuters on Thursday, as the pace of Western companies leaving the country accelerates.
A giant group comprising European fashion councils and other bodies has been created under the European Fashion Alliance (EFA) banner to “empower a prosperous, sustainable and inclusive European fashion ecosystem”.
E-tail giant Boohoo Group has named Shaun McCabe as its new CFO to succeed Neil Catto whose role will transition to an Executive Director, remaining on the board, “with responsibility for strategic projects”.
Loro Piana has announced the winners of the sixth edition of its international Knit Design Award competition. The winners were students Po-Chieh Chiu and Shanon Poupard from the Institut Français de la Mode, Paris.
London-based jewellery brand Astrid & Miyu has marked its 10th anniversary with the debut of its first permanent international store in New York. The opening follows a number of pop-ups in the city in previous years.
The top U.S. consumer watchdog on Wednesday said it had begun a review of "excessive" credit card fees and asked card issuers for data on revenue and expenses in a bid to stamp out abuses and boost competition.