Celebrity collaborations are an important part of fashion retail and this one should continue to boost H&M’s ‘Edition by' association with contemporary stars. This time it’s Edition by John Boyega, launching for autumn.
H&M Group said it’s launching new initiatives “fuelled by consumers and businesses wanting more choice, greater personalisation and increased flexibility”. It's responding to significant growth in on-demand services.
H&M Group sales are continuing to recover as its markets reopen, although it’s not bouncing back as fast as some rivals. That said, its net sales in local currencies increased by 14% year-on-year in Q3.
Online fashion retail giant Zalando has invested in circular fashion and textile technology group Infinited Fiber Co. It said the non-disclosed proceeds will go towards building a €220 million factory in Finland.
Primark, one of Europe's biggest fast fashion chains, has vowed to cut its environmental impact without increasing prices by using more recyclable materials, making clothing more durable, and improving wages for workers.
H&M Group’s Q3 sales rose 14% year-on-year (YoY), the Swedish fashion retail giant said on Wednesday. That said, the figure was in local currencies and when converted to Swedish Krona, the rise was only 9%.
The group born of the merger between communication agency Karla Otto and events company K2 has bought a majority stake in the famous Parisian production house, for 30 years the brains behind fashion’s top catwalk shows.