Articles by Susan Zijp
Phillip Lim leaves fashion house 3.1 Phillip Lim after almost 20 years
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Phillip Lim is stepping down as creative director of 3.1 Phillip Lim, the fashion house he founded with Wen Zhou in 2005. With his departure, Zhou will not only become CEO, but also the sole owner of the brand, according to WWD. Lim leaves behind a strong legacy that put the brand on the map worldwide. Summary • Phillip Lim departs as creative...
Zegna family increases stake in luxury fashion group Ermenegildo Zegna
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Monterubello, the holding company of the Zegna family, is increasing its stake in luxury fashion company Ermenegildo Zegna Group, the parent company of the brands Thom Browne, Tom Ford Fashion and Zegna, the news website Reuters reported. The Monterubello firm, owned by the Zegna family, bought 913,000 shares of Zegna on November 11,...
Online wholesale platform Fleek raises 20.4 million dollars for expansion plans
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Online platform for wholesale secondhand fashion Fleek has raised 20.4 million dollars in funding. This consists of a 14.8 million dollar Series A financing and a 5.6 million dollar seed round. The investment was backed by HV Capital, Andreessen Horowitz and Y Combinator, as well as investors such as Shopify chairman Harley Finkelstein and...
IMG withdraws as owner of Australian Fashion Week after 20 years
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American media company IMG is withdrawing as owner and organiser of Australian Fashion Week. Australian Fashion Week plays an important role as a springboard for Australian designers, having put local talent, such as Dion Lee, Zimmermann, Romance Was Born and Akira Isogawa, in the spotlight since its inception in 1996. Summary • IMG withdraws as...
Vietnam threatens technical block on Chinese e-commerce giants Shein and Temu
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The Vietnamese government is threatening to block the internet domains and apps of Chinese online retailers Shein and Temu if they fail to register their operations with the Ministry of Commerce by the end of November 2024. The move comes amid concerns over the growing influence of the wildly popular e-commerce giants on the economies of local...
This is how O My Bag CEO Paulien Wesselink approaches corporate social responsibility
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As a child, Paulien Wesselink often wondered why she couldn't invite her entire class to her birthday party. "I never liked excluding people," says the founder and CEO with a smile during a video call with FashionUnited. This early example of social responsibility forms the foundation for what would later become O My Bag, a Dutch handbag brand...
Sales decline doesn't dampen optimism: Under Armour raises expectations, focuses on premium strategy
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Sportswear giant Under Armour, Inc. is remaining optimistic despite a revenue decline, seeing opportunities to further expand its premium market position and position the brand more broadly, according to its second quarter 2025 financial report. Under Armour reported a decline in sales of 11 percent to 1.4 billion dollars. In North America, the...
Allbirds posts Q3 loss, revises full-year outlook
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American footwear company Allbirds has reported a loss in the third quarter of 2024, while sales fell 24.9 percent to 43.0 million dollars, compared to 57.2 million dollars in the same quarter last year. CEO Joe Vernachio emphasised the company's progress in achieving its strategic goals, despite financial challenges. The company is reducing its...
Kizik Appoints Nike veteran as senior vice president of design
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Hands-free footwear brand Kizik has appointed Andreas Harlow as senior vice president of design. Harlow has more than 20 years of experience in the footwear industry. The designer joins Kizik after a successful career as VP/global footwear creative director at Nike. Harlow has experience in both high-performance and lifestyle footwear, which...
Frasers Group seeks shareholder approval for sale of Boohoo assets
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Frasers Group has sent another open letter to Boohoo Group Plc, this time demanding shareholder approval before the company sells assets. The company, led by Mike Ashley, accuses Boohoo of ignoring the interests of shareholders. Summary • Frasers Group demands shareholder approval before Boohoo sells assets. • Frasers accuses Boohoo's board of...