Fashion

BFC to launch inaugural Institute of Positive Fashion Forum in June

The British Fashion Council (BFC) is to host the inaugural Institute of Positive Fashion Forum (IPF Forum) on June 10, a day-long event focusing on sustainability and other key issue across the fashion value chain. Taking place ahead of COP26, the 2021 United Nations Climate Change Conference, hosted in November, the IPF Forum will centre around...

14 hours ago

Fashion

Ba&sh unveils sustainability development strategy

Contemporary French fashion label Ba&sh has unveiled its new development strategy for sustainability, which will see the brand targeting “eco-responsible” materials, enhanced transparency, a reduction in plastic use, and a pledge to lower greenhouse gas emissions. Dubbed the ‘Blossom Manifesto’, Ba&sh states that its sustainability strategy is...

16 hours ago

Retail

Hammerson to sell entire portfolio of UK retail parks

British property giant Hammerson is selling all seven of its retail parks to Canadian investment firm Brookfield in a move that concludes its exit from the UK retail parks sector. The deal is worth 330 million pounds, eight percent lower than the December 31 2020 book value of 357 million pounds. As previously announced, Hammerson has also...

17 hours ago

Business

Hermès posts strong growth across geographies and businesses

In the first quarter of 2021, Hermès group’s consolidated revenue amounted to 2,084 million euros, up 44 percent at constant exchange and up 38 percent at current exchange rates driven by strong performance in Asia and Japan, the upturn in America and a good resistance in Europe. The organic revenue growth was 33 percent compared to the first...

18 hours ago

Fashion

Farfetch publishes its first annual conscious luxury trends report

Luxury platform Farfetch reveals that consumer behaviour has changed “significantly” in 2020 during the Covid-19 pandemic and that they are choosing to shop more consciously. Consumer awareness is driving transformation, explains Farfetch in its first annual Conscious Luxury Trends Report, which looked at how luxury consumers are shopping more...

18 hours ago

Retail

London Designer Outlet sees strong sales as consumers flock back to stores

London Designer Outlet (LDO) has reported strong sales and footfall since reopening last week in line with the easing of lockdown restrictions in England. Total sales at the shopping destination were 148 percent higher last week than they were during the first week of the June 2020 reopening. Sales were also higher than they were on the...

19 hours ago

Fashion

Michael Kors celebrates 40th anniversary with homage to Broadway

Designer Michael Kors, a fan of the theatre, turned the lights on Broadway to celebrate his 40th anniversary with an autumn/winter 2021 show. Staged in the heart of Midtown under the lights of the Shubert Theater with a musical soundtrack performance by singer-songwriter and composer Rufus Wainwright, models including Naomi Campbell and Helena...

21 Apr 2021

Business

Strong Gucci sales drive Kering rebound to pre-Covid revenue

Italian luxury label Gucci has helped drive a rebound in the revenue of its parent company Kering to pre-Covid levels in the first quarter of the year. The French luxury group’s revenue rose 25.8 percent to 3.89 billion euros on a comparable basis, ahead of analysts’ estimates. It is another indication that the luxury industry is beginning to...

21 Apr 2021

More News

Business

Ugg announces new ‘Restore our Earth’ sustainable targets

Southern California-based global lifestyle brand Ugg has announced four new sustainable commitments to celebrate Earth Day 2021, including the launch of its first-ever repair service. “With time running out to prevent irreversible damage from climate change, Ugg understands that we cannot simply protect – we must actively restore the Earth, its...

15 hours ago

People

VF Corp. Names Matt Puckett CFO, Succeeding Scott Roe

Washington - VF Corp. (VFC), an apparel, footwear and accessories company, announced Thursday that it has appointed Matt Puckett to the position of Executive Vice President and Chief Financial Officer. Puckett succeeds Scott Roe, who announced his retirement from VF to pursue other opportunities after 25 years with the company, the last six of...

16 hours ago

Business

Kinnevik's net asset value increases 5 percent in Q1

Kinnevik reported NAV of 117.8 billion Swedish krona or 424 Swedish krona per share, up 6.1 billion Swedish krona or 5 percent in the quarter. The company’s net cash position stood at 3.9 billion Swedish krona, corresponding to 3.4 percent of portfolio value by quarter-end. The company said that its NAV was negatively impacted by lower...

20 hours ago

Business

Lenzing raises full year outlook

Despite the continuing high degree of volatility in the textile sector due to the Covid-19 pandemic, the managing board of the Lenzing Group has raised its guidance for the 2021 financial year. The company expects the operating result to be at least at the level of the pre-crisis year 2019. The company said in a release that The Lenzing Group...

1 day ago