Asos has had its challenges in recent periods and its share price has suffered, but the shares rose on Wednesday morning after the company said it has beefed up its board with some key non-exec director appointments.
Apparel rental services could now be taking spend away from traditional sales in an already challenged sector, and it remains to be seen if rental clothes will cannibalize retail sales over the longer term.
French Connection’s half-year results showed it “building on good progress” and “on track to meet expectations”, but it's still loss-making. It also said its strategic review would be completed before 2020.
Renzo Rosso, who owns more fashion-forward brands than anyone in Italy, is one busy man. We caught up with the fashion empresario in Manhattan to hear how his radical readjustment of Diesel is progressing.
Banana Republic is the latest fashion label to invest in the clothing rental business.The Gap, Inc.-owned brand is rolling out an online subscription service for its womenswear category entitled ‘Style Passport.'