The Swedish group’s investment budget will rise from SEK7 billion to SEK10 billion (€893 million) in 2023, mainly focused on the supply chain and digital tech, but also “sportswear, beauty and home decoration projects.”
Fashion weeks never seem to stop in Paris. On Friday morning, the day after the haute couture season ended, Patou unveiled its Fall/Winter 2023 ready-to-wear collection. Guillaume Henry’s best for the house.
ASOS is doubling down on its efforts to kickstart its recovery and has reportedly appointed a senior restructuring executive to its finance department, as it continues to talk to its syndicate of lenders.
The luxury brand of the eponymous designer has reached an agreement with its partner Samsung C&T Corporation to take over direct operation of its business in South Korea through the creation of a new company.
The Chinese e-tailer intends to support new talents via its Shein X programme, which has already supported 3,000 designers, investing 55 million dollars. A fashion show will be organised in Paris in June.