Fila’s Q3 hit by promotional US market Sports and leisurewear operator Fila Fila’s Hailey Bieber campaign Fila Holdings said the three months to September 30 saw sales up 16.4% to KRW1,079 billion ($815m), but they rose only 2.6% currency-neutral. Fila…
Superdry confirms £70m funding talks In a brief stock exchange statement on Monday, Superdry DR The company said: “Superdry plc acknowledges recent press speculation about its previously announced refinancing process and confirms that it is in negotiations with Bantry Bay…
Etsy names Rachana Kumar chief technology officer Online marketplace Etsy Etsy names Rachana Kumar chief technology officer. – Etsy Effective January 1, 2023, Kumar will replace Mike Fisher, who has decided to leave the company for family and to pursue…
Gran Canaria Swim Week by Moda Cálida positions the island as swimwear capital Translated by Roberta HERRERA As part of Gran Canaria’s strategic plan to internationalise and consolidate its position as a fashion capital, the island played host to two…
The Bay names Sophia Hwang-Judiesch as president The Bay named on Wednesday Sophia Hwang-Judiesch as president of The Bay and Hudson’s Bay The Bay names Sophia Hwang-Judiesch as president. – The Bay In September, Hwang-Judiesch was appointed president of Hudson’s…
Adolfo Domínguez sees 24% increase in sales and returns to profitability By EFE Translated by Roberta HERRERA The Galician fashion group, Adolfo Domínguez, has reported a 24% growth in sales for the 2022-2023 fiscal year, generating a turnover of 114.2…
UK’s first craft denim wash facility opens in London Blackhorse Lane Ateliers (BLA) has launched the UK’s first “environmentally innovative” craft denim wash facility at its factory in London’s Walthamstow regeneration area. Blackhorse Lane Ateliers Claiming to be the capital’s…
Jonathan Siboni of Luxurynsight says China’s zero-Covid policy hard on company staff, causing many Western executives to leave Translated by Nicola Mira The latest financial results posted by luxury groups are clearly showing that, in the last few months, China,…
Tough times for Boohoo as macroeconomic backdrop dents sales and profits Boohoo Boohoo The six months to 31 August saw revenue falling 10% to £882.4 million year-on-year, although it was up to 56% compared to 2019 for the owner of…
Walmart doubles down on Africa despite a decade of frustration By Reuters API In 2011, U.S. retail giant Walmart Inc made a bet on Africa, buying a majority stake in South African retailer Massmart in what many investors saw as…
