Boohoo Group has signed a partnership deal with Alshaya Group to build on the presence of Debenhams in the Middle East and also take other brands in its portfolio to the region via stores rather than just online.
LVMH continues to join with partners to accelerate growth post-pandemic, and after last week’s LVMH-Google Cloud news comes its luxury beauty giant Sephora forging a long-term strategic partnership with Zalando.
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.
Despite their various commitments and promises to making fashion a more circular and responsible industry, some fast fashion giants still make a majority of their clothes with environmentally harmful plastics.
While the big news around the Arcadia sell-off was all about the sale of its star brands, a number of assets remain and those interested in buying the final intellectual property assets don’t have long to make an offer.