​Troubled fast-fashion firm Misguided is losing its founder and CEO with Nitin Passi stepping down from leadership of the firm, it emerged on Wednesday.

​Fast Retailing is making last minute preparations for the opening of its combo Uniqlo-Theory store in Regent Street, London, on Thursday. With a number of firsts, it's said to be its “most significant store to date”.

Hugo Boss is continuing to ramp up its efforts to reach younger consumers for its reborn Hugo label and at the weekend, it hosted a series of branded events in Palm Springs, along with eyewear partner Safilo.

​Ted Baker founder Ray Kelvin — who still owns a double-digit stake in the firm — is supporting the idea of taking the business private following multiple offers from Sycamore Partners and the launch of a sale process.

E-commerce giant Flipkart’s Singapore entity has invested $116 million in its fashion retailer Myntra to bolster the business as it faces fierce competition from other players.  

Next is continuing its acquisition spree as it expands in the mother-and-baby market with the purchase of Jojo Maman Bébé in a consortium with a group of finance firms.

The Montreal-based brand, which announced it was going out of business in 2020 after six decades, has returned with its latest Spring/Summer 2022 Collection.

Owned by the Italian group Piquadro since 2018, French leather goods brand Lancel saw its sales jump 26.3% to €60.1 million in its fiscal year ending March 31. 

A group of experienced and youthful French executives have launched the Fédération de la Mode Circulaire, designed to inject dynamism into the fight to stop climate change caused by the fashion and luxury industries.

Paul Smith has launched an inaugural collaboration and mentorship program via an capsule collection with the happening London-based menswear brand Ahluwalia, founded by Priya Ahluwalia.

The upcoming fashion, footwear and accessories fair will take place between September 16 to 18 in pavilion 8 of Ifema in Madrid, coinciding with other professional events to create cross-sectoral synergies.

The pandemic in China has had a minor impact on the luxury group’s quarterly results. The company is confident for the future in the market, where it wants to strengthen its physical and online presence.

The VF Foundation said on Wednesday that it positively impacted more than three million people in 2021. 

PVH Corp. on Wednesday unveiled a multi-year strategic plan to surpass $12 billion in revenues by 2025, clocking compounded annual growth in the high-single digits for the next three years. 

Quite a coup for Asda. The UK supermarket’s value fashion/lifestyle brand George has partnered with the streaming giant Netflix for a major product tie-up. ​The partnership has begun in 50 store locations and online.

Private equity group Sycamore Partners may have hoped to pick up UK fashion business Ted Baker cheaply. But it's likely to have to pay much more as it confirmed its continued participation in the bidding process.