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.”

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.

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.

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.

​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.

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. 

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.

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.

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.  

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.

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.

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.

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.

​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. 

On February 2, Prada drops its ninth limited-edition 'Timecapsule Collection' paired with a corresponding gifted NFT.

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.