Marimekko had good news on Thursday as it reported Q1 net sales that rose 13% and a doubling in comparable operating profit, helped by the timing of Asia Pacific wholesale deliveries and stronger Finnish retail sales.
R.M. Williams, the quintessentially Australian brand, is believed to be up for sale with a price tag between A$400 million and A$500 million (€247m to €309m). It’s controlled by private equity firm L Catterton Asia.
It’s not that long ago that Temperley London appointed a new CEO, but the luxury UK fashion firm named another exec to the top job late on Wednesday with former Max Mara exec Luca Donnini joining the firm.
J. Crew-owned retailer Madewell has partnered with Texas-based active lifestyle brand Outdoor Voices for a limited-edition collection of activewear and everyday items, including tops, leggings and accessories.
The department store group, which previously did not have any locations outside of France, is planning to open flagships in Milan and Qatar’s Doha in 2021. It aims to open 5-10 international locations before 2030.
Björn Borg had a good first quarter of the year with its net sales up as much as 11.2% to SEK188.2 million ($19.5 million), although without positive currency effects, the increase would have been a lower 7.1%.