The Vancouver-based athleticwear company reported net revenue of $1.2 billion for the first quarter on Thursday, an 88% increase compared to $652.0 million in the prior-year period, driven by the return of store traffic.
The Ermenegildo Zegna Group’s acquisition campaign continues. The high-end Italian apparel manufacturer and gentlemanly menswear brand has acquired control of Tessitura Ubertino, the top-shelf fabric maker.
In two years, all the cosmetics products by The Body Shop (owned by the Natura group) will be certified ‘vegan’, in other words not containing any substance of animal origin, by UK association The Vegan Society.
The online marketplace is seeking to cement its position as a top destination for shopping luxury products with the introduction of an authentication service for new and pre-owned handbags sold for more than $500.
The stock market is bullish, the economy is recovering, consumer confidence is growing: all indicators are positive, fuelling luxury purchases on a North American market that is highly dynamic and promising for labels.
Big news on the acquisition front — Etsy, the online marketplace, is acquiring secondhand fashion specialist Depop. It’s paying $1.625bn for the London-based, privately-held firm with the transaction to complete in Q3.
West End landlord Grosvenor is continuing its drive to get more deeply involved in some of the businesses that occupy its properties with news on Wednesday that it has taken a stake in luxury label Roland Mouret.
A new report from fashion marketplace app Depop highlights the values behind Gen Z’s shopping behavior, revealing that members of this community are conscious consumers, eager to express their individuality.
The Debenhams physical store chain may be history in the UK, but one part of the business is continuing as a physical entity with its Danish Magasin du Nord operation sold to Peek & Cloppenburg for an undisclosed sum.
German retail giant Otto Group is planning to list its About You fashion retail operation on the Frankfurt Stock Exchange as the lockdown easing across Europe mean its occasion and partywear offer should see a boom.