Fashion resale site Vestiaire Collective launches crowdfunding, eyes IPO in 2025
LONDON (Reuters) – Second-hand fashion marketplace Vestiaire Collective launched a crowdfunding campaign on Tuesday to raise at least one million euros ($1.09 million) from individual investors as the Kering-backed business aims to…
Fashion retailer H&M to reopen most Ukraine stores
HELSINKI (Reuters) -Fashion retailer H&M will reopen most of its stores in Ukraine, beginning in November of this year, the Swedish company said in a statement on Thursday. The retailer temporarily closed…
Fashion retailer H&M to launch in Brazil
COPENHAGEN (Reuters) -Fashion retailer H&M will launch stores and online trade in Brazil in 2025, the company said on Monday. H&M opened its first store in Latin America in Mexico in 2012,…
Elite Fashion Company Caves To China, Issues Groveling Apology
Elite Fashion Company Caves To China, Issues Groveling Apology Will Kessler on July 12, 2023 A luxury fashion company issued an apology on Chinese social media Tuesday after listing Taiwan as a…
Fashion industry driving demand for green shipping, Maersk says
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Fashion brands are a key driver of demand for green shipping fuels, according to shipping group Maersk, as the sector faces pressure from consumers and regulators…
U.S. ‘aspirational’ shoppers are spending less on fashion, jewelry
By Katherine Masters NEW YORK (Reuters) – A gulf in spending patterns between wealthy Americans and so-called “aspirational” shoppers is driving luxury retailers to search out new sources of revenue and, in some…
‘I Learned To Be Trans In The Catholic Church,’ NYC Fashion Model Says
‘I Learned To Be Trans In The Catholic Church,’ NYC Fashion Model Says Kate Anderson on May 30, 2023 Transgender New York fashion model Geena Rocero promoted a new biography on CBS…
Fashion giant Shein raises $2 billion but lowers valuation by a third- WSJ
(Reuters) – Online fashion giant Shein raised $2 billion in its latest fundraising round that values the company at $66 billion, about a third less than a year earlier, the Wall Street…
DAVID BLACKMON: Sen. John Kennedy Debunked Biden’s Climate Agenda In Epic Fashion
DAVID BLACKMON: Sen. John Kennedy Debunked Biden’s Climate Agenda In Epic Fashion David Blackmon on May 4, 2023 At a May 3 hearing of the Senate Appropriations Committee, Louisiana Sen. John Kennedy…
At the home of Zara, fast and slow fashion collide
By Corina Pons and Virginia Furness A CORUNA, Spain/LONDON (Reuters) – In Spain’s A Coruna, two contrasting fashion business models collide – pitching the growing demands for the clothing industry to become…
TJX sales may surge in 2023 on bargain hunting for top fashion brands
By Ananya Mariam Rajesh and Aatrayee Chatterjee (Reuters) – TJX Cos Inc is likely to see a strong growth in annual sales as inflation pushes bargain-hungry but brand-conscious customers to off-price retailers…
Polish fashion retailer LPP has no plans for ‘significant’ job cuts
By Patrycja Zaras GDANSK (Reuters) – Poland’s biggest fashion retailer LPP is not planning “significant” job cuts as it reduces costs, finance chief Przemyslaw Lutkiewicz told Reuters. “Despite the expected slowdown, we…
Luxury Fashion Brand Used Child Models To Advertise Kink, Bondage Teddy Bears
Luxury Fashion Brand Used Child Models To Advertise Kink, Bondage Teddy Bears Laurel Duggan on November 21, 2022 Luxury fashion brand Balenciaga came under fire last week for a series of sexually…
Zara union calls Black Friday strike in fashion group’s home town
MADRID (Reuters) – A union group representing shop assistants at fashion retailer Zara has called a two-day strike over pay next week in the 44 stores in the company’s home town of…
Chinese fashion retailer Shein to open permanent ‘event space’ in Tokyo
TOKYO (Reuters) – Chinese fashion retailer Shein is to open its first permanent premises in Tokyo this month, the company said on Tuesday, aiming to bolster its online brand with a physical…
Urbanspace Food Hall Coming to LA Fashion District Late Next Year Plus More from What Now Media Group’s Weekly Pre-Opening Restaurant News Report
Photo credit: Urbanspace Food Hall Dive into this week’s top stories from Atlanta, Chicago, Dallas, Denver, Las Vegas, Los Angeles, New York, Orlando, Philadelphia, Phoenix, San Diego, and San Francisco (-) What…
Russia’s Sistema buys $256 million stake in Melon Fashion Group after scrapped IPO
MOSCOW (Reuters) -Russian telecoms-to-healthcare conglomerate Sistema agreed a $256 million deal for a stake in Melon Fashion Group on Wednesday, months after the retail outlet scrapped plans for an initial public offering…
Veteran designer Yamamoto dazzles with his unconventional style at Paris Fashion Week
PARIS (Reuters) – Models draped in asymetrical outerwear, loosely tailored dresses and ruffled detailing showcased Yohji Yamamoto’s spring summer collection on Friday in Paris, his latest lineup of poetically unstructured designs. The…
Under a cloud of belt-tightening, Paris Fashion Week struts on
By Mimosa Spencer PARIS (Reuters) – Celebrities and international crowds have descended on the French capital, marking the fashion industry’s sweeping return as it rides a post-pandemic spending frenzy. The final stretch…
Emporio Armani brings travel-inspired looks to Milan Fashion Week show
MILAN (Reuters) – Emporio Armani sought to bring a touch of “freedom and openness” to women’s wardrobes for next spring, with the Italian designer brand presenting a light travel-inspired collection at its…
U.S. fashion brands Forever 21, American Eagle returning to Japan
TOKYO (Reuters) – Forever 21 and American Eagle Outfitters Inc are set to return to Japan after both U.S. fast-fashion brands exited the market in 2019, according to company announcements on Wednesday.…
From fashion to films – ex-Zara boss Isla starts production company
MADRID (Reuters) – Former chief executive of textile giant Inditex, Pablo Isla, has started his own film production company, saying in a statement on Friday that he hoped to use his “deep…
Gulf e-commerce company Noon to buy fashion venture Namshi – statement
By Hadeel Al Sayegh DUBAI (Reuters) – Dubai’s Emaar Properties said on Saturday it is selling fashion e-commerce venture Namshi to Noon, an e-commerce company backed by Dubai billionaire Mohamed Alabbar and…
India’s Reliance signs franchise deal with fashion house Balenciaga
MUMBAI – India’s bigger retailer Reliance said on Thursday that had signed a long-term franchise deal with French fashion house Balenciaga, the latest in a flurry of deals the conglomerate has signed…
Sankyo Seiko to purchase French luxury fashion house Leonard
PARIS – Privately-held French fashion house Leonard, known for its stylized orchid prints, is being sold to its long-time parter in Asia, Japan-based Sankyo Seiko, the company said Monday. The move marks…
Fashion group Shandong Ruyi’s creditors take full control of Lycra
(Reuters) – U.S. fiber maker Lycra has gained new ownership, with creditors of its former parent company Shandong Ruyi Technology Group (Ruyi) taking full equity control after the Chinese fashion conglomerate defaulted…
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