Articles by Rachel Douglass
Nanushka at 20: Balancing local roots with global expansion
In Hungary, Nanushka has distinguished itself by an ability to transcend global borders. It's a feat achieved through its portrayal of a holistic lifestyle that appeals to metropolitan women in cities like London and New York, who resonate with the brand’s sleek yet functional collections. As Nanushka enters its 20th anniversary year, it aims to...
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5 Designers that made an impact at Budapest Central European Fashion Week
For the 15th edition of Budapest Central European Fashion Week (BCEFW), the schedule, spanning February 10 to 16, brought together around 50 designers and brands from Hungary and surrounding regions in both shows and workshops, some open to the public. Those on the runways, held between the city’s Apollo Gallery and Millenáris Park, as well as...
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Modella Capital reportedly snaps up The Original Factory Shop
Budget retailer The Original Factory Shop (TOFS) may have found its buyer in Modella Capital, a private equity firm which has previously invested in Hobbycraft. This is according to Retail Gazette, which reported that Modella made a “last minute bid” for the discount chain last week. The media outlet stated that Modella swept in after talks...
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Affirm expands into Canada via Shopify, plots UK entry
Payment network Affirm has expanded its partnership with Shopify to enter the Canadian market. Here, akin to its current deal with the e-commerce provider in the US, Affirm will become the exclusive pay-over-time provider with Shop Pay Installments for Shopify merchants in the region. This comes in the form of a renewed multi-year partnership...
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Source Fashion welcomes ‘record’ visitor numbers in expanded February edition
London-based sourcing fair Source Fashion has closed the doors of its February edition, which took on a shifting format for the season as it entered the larger exhibition space of Olympia London. This comes just two years on from when Source first launched in 2023, reflecting an increased demand from the side of the industry that the fair...
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UK: Clothing sales take hit in January despite retail volumes increasing elsewhere
New figures by the Office for National Statistics (ONS) have shown a disappointing January for textile clothing and footwear stores, for which sales volumes fell by 2.7 percent on the month. A reduction in consumer confidence was cited as the cause for the drop in sales, which also contributed to a wider decrease of 1.3 percent in volumes for...
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Lids promotes Greg Coz to chief financial officer
Lids has appointed Greg Cox as its new chief financial officer, a step up from his previous accounting and finance leadership roles he has held at the US sports retailer, where he has been for eight years. In his new role, Cox has been tasked with overseeing the company’s finance, loss prevention, human resources and information technology...
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Frasers Group halts takeover of Norway’s XXL ASA
British retail giant Frasers Group has announced that it will no longer proceed with its intended offer for Norwegian sporting goods retailer, XXL ASA. In an announcement shared via the Oslo Stock Exchange, Frasers said that the offer had been subject to several conditions, and thus it “reserved the right not to proceed” if it “became evident...
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New Look liquidates Irish business, 26 stores to close
Fast fashion retailer New Look is preparing to wind down its operations in Ireland, where a subsidiary for the company has been appointed a provisional liquidators following a battle with widening losses over several years. The High Court has approved the appointment for New Look Retailers (Ireland) Limited after its parent company said it was...
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Barbie partners with Black in Fashion Council to celebrate Black designers
Mattel-owned Barbie has struck up a new partnership with the Black in Fashion Council (BIFC) in celebration of Black History Month to highlight three emerging Black female designers. Larissa Muehleder, Nia Thomas and Fumi Egbon have been selected to participate in the initiative, which will involve interviews with each of the talents touching on...
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