Richemont: Profits surge Amidst Tough Scenario
The trading environment may have been volatile but luxury giant Richemont still managed to see net profit rising almost 40% in the financial year to...
Mothercare forecasts profit despite 40% sales drop
Mothercare has predicted that it will see a profit this year despite a 40% drop in sales. The maternity care retailer reported a “small” EBITDA...
M&S TO CLOSE STORES AS LOSSES WIDENS
M&S posts £201mn loss after lockdowns affect store sales. Marks & Spencer has announced plans to reduce its store estate after it plunged to a...
Puma use 90% sustainable materials by 2025
Sportswear and equipment manufacturer Puma has set itself the goal of manufacturing 90% of its products from more sustainable materials by 2025. The German business...
Deepika Rana’s Takes Over as Chief Operating Officer at Li & Fung
With over 30 years of experience in supply chain management at country, regional and global levels, Deepika has built a strong track record around its...
WHAT LIES AHEAD FOR FASHION BRANDS?
H&M, Next and Boohoo Shares Strategies for Coming Months The CEO of Hennes & Mauritz (HMb.ST) said that the fashion retailer was, convinced it would...
Kust launches sustainable swimwear collection using Fish Nets
Polish underwear label Kust has launched a sustainable swimwear collection made using recycled materials. The premium menswear brand has made the collection using Econyl, a...
Inditex launches AR game for Pull & Bear girls collection
Spanish apparel giant Inditex, which owns Zara, Zara Home, Massimo Dutti, Bershka, and Pull & Bear, has ventured into the world of gaming via its...
Superdry Reports Growth in Q4
Superdry returned to growth in Q4 even though it reported a 21% drop in full-year revenue as Covid-19 continued to impact the business. The British...
JD Sports acquires retailer Oi Polloi
UK sportswear giant JD Sports is reportedly continuing its acquisition spree with acquisition of Manchester-based menswear boutique Oi Polloi. JD Sports bought the Northern Quarter...