Francesca’s files for bankruptcy
Specialty fashion retailer Francesca’s has voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of New Jersey. Read More
Fashion
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Climate inaction puts 34% of fashion industry profits at risk
The fashion industry is heading for a 34% drop in profits by 2030 unless companies move quickly to rein in their climate footprint, according to a report by the Apparel Impact Institute. Read More
Farfetch study shows evolution in UK consumers’ luxury purchases
Farfetch has released a new UK consumer study and it reveals that high-end shoppers are “moving away from impulse splurges and logo-led status buys, prioritising versatility, sustainability, and long-term value”. Read More
Warpaint London acquires Barry M
Affordable cosmetics specialist warpaint London had two bits of news this week, one an acquisition and another a trading update. And both look positive for the business. Read More
MOMAD concludes stable winter edition, prepares for new phase of transformation
The Madrid fashion and accessories trade fair, held at IFEMA Madrid from February 5 to 7, concludes an edition marked by stability and is preparing a new project ahead of the July event. Read More
Asics sees boom in running shoes for India’s healthy and wealthy
Japanese shoemaker Asics Corp. expects its India business to grow as much as 35% annually for the next five years Read More
M&S in denim deep dive with new styles, value pricing, dedicated campaign
The importance of denim to modern dressing can be seen not just from what we spot on the street but the large number of non-specialist brands that focus on it heavily. M&S is the latest with new fits and a new campaign. Read More
Ten years after opening, how is ROW DTLA doing?
Ten years after its opening, ROW DTLA’s complex became in the Los Angeles landscape a destination that blends fashion, food, culture, and experiences. Karen Yi, director of marketing and events, answers our questions. Read More
Angola seeks 20%-30% stake in De Beers, senior official says
Angola is pursuing a 20%-30% stake in Anglo American’s diamond unit De Beers, a proposal being discussed with other diamond-producing African nations, a senior official from Angola’s mining ministry said on Sunday. Read More
Gant takes footwear in-house, deal with Hamm ends after AW26
Casualwear brand Gant is bringing its footwear operations in-house, “as part of its continued focus on strengthening the brand and business over time”, ending its licensing deal with Hamm Footwear, effective from SS27. Read More