In Paris, Europe’s fashion industry closes ranks against ultra-fast fashion
In a rare gathering, twenty-two European textile and clothing federations met to mount a coordinated…
China’s sneaker wars are just kicking off
A flurry of earnings has revealed some surprises in China’s $67 billion sportswear industry. While homegrown players still lead the pack, competition is coming from niche Western makers of performance gear. Read More
Hermes reports hit to first-quarter sales from Iran war
Hermes reported weaker than expected first-quarter sales as the Iran war hit spending in the Middle East region as well as in France, with fewer tourists visiting Paris and buying expensive handbags and clothes. Read More
Depop links with Euphoria to curate character-inspired edits
Peer-to-peer fashion marketplace Depop has unveiled a partnership with HBO Max to “celebrate” the release of Euphoria Season 3. Read More
Visa is latest big sponsor to end Milan Fashion Week deal due to fur
Visa has officially ended its partnership with Milan Fashion Week (MFW) over its continued use of fur, the Coalition to Abolish the Fur Trade (CAFT) has announced. Read More
M&S transforms Sparks loyalty programme
Retail giant M&S has unveiled a major makeover for its Sparks loyalty programme that says it’s a “key strategic milestone as M&S reshapes for growth”. Read More
Next also in running as Radley takeover talks continue – report
Recent news that Gordon Brothers was in talks to buy Radley has been added to by a report that Next is also eyeing the business. Read More
Markham replaces Ferrer as John Lewis fashion creative director
Jacqui Markham has joined to lead creative direction for its own-brand fashion as new partnerships with Rejina Pyo, Amanda Wakeley, Belstaff and Patagonia launch this month. Read More
Tattersall joins Debenhams Group from ASOS to lead youth brands product strategy
Debenhams Group has named Nikki Tattersall as its new chief product officer as it aims to accelerate its youth brands’ turnaround. The group owns brands including Boohoo and PrettyLittleThing. Read More
Burberry CFO says Asia has compelling prospects but faces increased competition
Burberry Group’s chief financial officer, Kate Ferry, said on Wednesday that Asia had very compelling long-term prospects for the luxury retailer, but recognised there would be intensified competition. Read More
Kering shares slide after Gucci sales disappoint
Kering shares plunged as much as 10% on Wednesday after first-quarter sales at its Italian flagship brand Gucci dropped more than expected, underlining the challenges in reviving the brand’s appeal. Read More