Menswear personalised styling service Thread has raised almost £17 million (actually $22 million) in Series B funding with the company’s latest investment round attracting H&M’s investment arm, among others.
Fast Retailing, owner of Japan’s popular clothing chain Uniqlo, booked a record annual profit and forecast even stronger results in the current year, helped by growth in Asia and a recovery at its US stores.
Party season collections are coming thick and fast at the moment and while much of the focus is on the mass-market (Halpern x Topshop, Ashish x Warehouse, Moschino x H&M), the luxury sector isn’t holding back either.
Fragrance and flavour maker Givaudan reported an 9.8 percent hike in sales during the third quarter of 2018 on Tuesday, slightly better than analysts had expected, led by strong performance in its fragrances division.
H&M is acquiring a stake in Swedish fintech company Klarna, the Financial Times reported. The world's second-largest clothes retailer is paying SEK 185 million (15.6 million pounds) for a stake of less than 1 percent.