Management

THG rejects takeover offer, property mogul Nick Candy also mulling bid

British e-commerce giant The Hut Group (THG) has turned down a 2 billion pound takeover offer from two investment companies after saying it undervalued the business. The group said late Thursday that it received an unsolicited takeover bid from Belerion Capital Group Limited and King Street Capital Management of 170 pence per share. It rejected...

2 hours ago

Management

Growth across core geographies boosts Richemont's sales and profit

Compared to the prior year, sales at Richemont grew by 46 percent at actual exchange rates and by 44 percent at constant exchange rates to 19,181 million euros, as growth rebounded in all major markets and distribution channels. The company said strong sales growth rates experienced throughout the first three quarters of the fiscal year...

3 hours ago

Management

Jacquemus taps Paco Rabanne chief Bastien Daguzan as new CEO

French fashion house Jacquemus has tapped Bastien Daguzan as its new chief executive officer. Daguzan joins from Spanish luxury brand Paco Rabanne, where he has served as CEO since 2017, during which time he worked alongside artistic director Julien Dossena and was credited with driving the company’s direct-to-consumer transformation. Prior to...

3 hours ago

Management

VF's Q4 sales increase 9 percent, earning jump

VF Corporation’s fourth quarter revenue of 2.8 billion dollars, rose 9 percent or 12 percent in constant dollars. Earnings per share of 21 cents, increased 32 percent; while adjusted EPS of 45 cents, was up 67 percent. Full year revenue of 11.8 billion dollars, increased 28 percent or 27 percent in constant dollars. Excluding acquisitions,...

6 hours ago

Management

Deckers Brands reports increase in Q4 net sales and earnings

Deckers Brands reported net sales increase of 31.2 percent to 736 million dollars for the fourth quarter. On a constant currency basis, net sales increased 31.7 percent. The company’s full year net sales increased 23.8 percent to 3.150 billion dollars, while on a constant currency basis, net sales increased 23.2 percent.. "Fiscal year 2022 was...

6 hours ago

Fashion

The Met Museum present "In America: An Anthology of Fashion"

The Met Museum has opened part two of its Costume Institute Exhibit "In America: An Anthology of Fashion." The exhibit kicked off with the return of the Met Gala to its annual timeslot, the first Monday in May. While part one of the exhibit was held strictly in The Costume Institute, part two saw both updates to about half the displays in the...

19 hours ago

Fashion

Milan Fashion Week Men’s to return with new physical additions, JW Anderson and Dhruv Kapoor

Milan Fashion Week Men’s (MFWM) is set to make its return for the spring/summer 2023 season, scheduled from June 17 to 21, and with it comes a number of high-profile returns and runway debuts. In the calendar for this edition are 25 fashion shows, 24 presentations, three presentations by appointment, five digital presentations and nine events,...

1 day ago

Fashion

Childrenswear brand Frugi to partner with Circular Textiles Foundation

Childrenswear brand Frugi is joining the Circular Textiles Foundation (CRF) and will receive certification on 22 percent of its Spring Summer 2023 collection. The Circular Textiles Foundation helps brands deliver circular clothing ranges, aiming to make circularity accessible and transparent for all. It further provides consumers with...

1 day ago

More News

Fashion

Even while in a cocoon, transformation is happening with HE!

HE’s latest collection (Fly Butterfly!) was equally created during unprecedented times and thus, continues to reflect the emotional states — from the highest peaks to the deepest valleys — that I, founder and designer behind HE, had to undergo during the past two years. However, it is also an ode to new life and new ways of being that were...

37 minutes ago

Fashion

Timberland reveals eco collection with collaborator at large, Christopher Raeburn

Timberland has unveiled its SS22 Earthkeepers by Raeburn collection consisting of an all-gender apparel line of eco-innovative products. Items included in the collection, which is designed by the brand’s collaborator at larger, Christopher Raeburn, utilise earth-conscious materials, such as Tencel x Refibra fabric, Rebotl material and...

1 hour ago

People

COO Heiko Schäfer leaves Hugo Boss

German fashion group Hugo Boss AG announced on Friday that chief operating officer Heiko Schäfer would leave the group’s managing board with effect of May 31, 2022. He will “pursue a new professional assignment outside the group” according to a statement. Schäfer joined Hugo Boss in March 2020, at the beginning of the Covid-19 pandemic. He came...

1 hour ago

Business

Burberry bans exotic skins following seven year PETA campaign

Luxury fashion label Burberry has announced it will no longer be using exotic skins in its products following a lengthy campaign by People for Ethical Treatment of Animals (PETA). The animal rights organisation, which became a shareholder of Burberry during the pandemic, has zoned in on the fashion house over several years, demanding it to halt...

2 hours ago