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H&M group busy on multiple projects in 2023 as investment grows 40%

H&M group busy on multiple projects in 2023 as investment grows 40%

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
Mila Schön names Marc Audibet creative director in major investment plan

Mila Schön names Marc Audibet creative director in major investment plan

Famed Milanese fashion house Mila Schön has named Marc Audibet to be its new creative director in major investment plan to relaunch the brand, backed by new Italian investors.
Fashion
Kenzo, Arturo Obegero and Wooyoungmi: three contemporary visions of menswear

Kenzo, Arturo Obegero and Wooyoungmi: three contemporary visions of menswear

Paris Fashion Week for Men, dedicated to the collections for autumn-winter 2023/24, ended on January 22, marked by some spectacular and inspired proposals.
Fashion
ASOS own brands in off-price link-up with Secret Sales

ASOS own brands in off-price link-up with Secret Sales

ASOS has linked up with Secret sales, the fast-growing premium off-price marketplace for fashion, sportswear and beauty brands, on a stock clearance deal for the UK market.
Fashion
Rolling Stones RS No9 Carnaby brand in MTV collab

Rolling Stones RS No9 Carnaby brand in MTV collab

​The Rolling Stones have announced an exclusive collaboration with MTV via the band’s RS No9 Carnaby brand, the label that’s based on the signature store on London’s Carnaby Street.
Fashion
Cult Gaïa opens its first store in Los Angeles before New York in February

Cult Gaïa opens its first store in Los Angeles before New York in February

Cult Gaïa, the brand founded by Jasmin Larian Hekmat in 2012, and whose bag sales have exploded in recent years, has just opened its first Los Angeles store on Melrose Avenue, Los Angeles. 
Fashion
Officine Générale opens first boutique in Los Angeles

Officine Générale opens first boutique in Los Angeles

One year after the opening of its first store in New York, Pierre Mahéo, founder of French brand Officine Générale, has just opened his first boutique in Los Angeles, inside Palisades Village shopping center.
Fashion
Saks strengthens men's business online and in-stores

Saks strengthens men's business online and in-stores

Saks is doubling down on its commitment to its men's business starting with an updated in-store men’s shopping experience and expanded online menswear assortment.
Fashion
Kith to open Rodeo Drive boutique

Kith to open Rodeo Drive boutique

After New York, Miami, Aspen and a first boutique in West Hollywood opened in 2018, the brand Kith, founded by Ronnie Fieg, has announced the opening of a second boutique on Rodeo Drive, Beverly Hills.  
Fashion
H&M highlights fast-fashion gloom as luxury takes hit in China

H&M highlights fast-fashion gloom as luxury takes hit in China

H&M said costs had slashed its profits, the latest fast-fashion retailer to feel the pinch as consumers cut back, while LVMH and Salvatore Ferragamo reported the damage to luxury caused by China's Covid-19 policies.
Fashion
Aeffe closes 2022 with revenue of €352 million, up 8.4%

Aeffe closes 2022 with revenue of €352 million, up 8.4%

In 2022, fashion group Aeffe, owner of Alberta Ferretti and Moschino, grew in all regions except the Far East, with Italy up 17% and the rest of Europe by 59.3%, thanks especially to its direct retail performance.
Fashion
H&M's profit tumbles more than expected as costs bite

H&M's profit tumbles more than expected as costs bite

Sweden's H&M reported on Friday a much larger than expected drop in September-November profit, hit by weak consumer confidence and soaring costs that it did not fully pass on to price tags.
Fashion
ASOS names key finance exec to team

ASOS names key finance exec to team

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.
Fashion
Mixed news from Superdry as Christmas is strong but wholesale lag dents profits

Mixed news from Superdry as Christmas is strong but wholesale lag dents profits

​Superdry reported “strong” Christmas trading on Friday and generally rising sales, but it scaled backs its profit forecast to "breakeven" and stayed cautious on its outlook for the rest of the year. 
Fashion
Prada launches ninth exclusive timecapsule NFT

Prada launches ninth exclusive timecapsule NFT

On February 2, Prada drops its ninth limited-edition 'Timecapsule Collection' paired with a corresponding gifted NFT.
Fashion
Abrand Jeans launches first-ever global 'Next Icons Model Search'

Abrand Jeans launches first-ever global 'Next Icons Model Search'

Contemporary denim brand Abrand Jeans has launched its first-ever global 'Next Icons Model Search' giving fans a chance to be the next face of Abrand Jeans. 
Fashion