The latest Sunday Times Rich List at the weekend saw Arcadia boss Philip Green falling out of the billionaire’s club with the newspaper assigning no value to his controlling stake in the Arcadia fashion retail empire.
Zalora owner Global Fashion Group said Monday that it delivered a strong Q1 with year-on-year net merchandise value rising an impressive 22% to €341m on a constant currency basis, with active customers up 14.5% to 11.5m.
The fashion conglomerate -- which counts Calvin Klein, Tommy Hilfiger and Speedo USA on its books -- has been working on multiple capsule collections across its brands, designed to champion LBGTQ+ equality this June.
The day after the luxury group announced that it will pay a record fine of 1.25 billion euros to Italian tax authorities, shares in the company rose 1%, reflecting a certain confidence as this chapter draws to a close.
'Infinitely Loft' allows shoppers to rent a maximum of three Loft pieces for a flat monthly fee of $65, with available sizes ranging from 00 to 26 and XXS to XXL, in addition to petite, tall, plus and maternity.