Articles by Susan Zijp
Australian fashion giant Mosaic Brands bankrupt, Noni B and Millers disappear
Australian fashion chains Noni B and Millers are closing their doors after the receivers of parent company Mosaic Brands failed to find a buyer, according to Australian press, including Business News Australia. About 933 employees will lose their jobs as a result of the closures. Noni B grew to become one of the largest womenswear retailers in...
BusinessMember18 hours ago
Mango CEO Toni Ruiz appointed chairman
Toni Ruiz, CEO of Spanish fashion company Mango, has now also been appointed chairman of the board of directors. He succeeds founder and owner Isak Andic, who died unexpectedly in a mountain accident in December last year. This was announced by the company in a press release. Jonathan Andic, son of founder Isak, will become vice chairman of the...
People18 hours ago
Victoria's Secret raises Q4 2024 earnings forecast, appoints new CFO
Victoria’s Secret & Co. has appointed Scott Sekella as the new Chief Financial Officer (CFO), replacing Timothy Johnson, who will retire in June. This was announced today in a press release. In addition to the executive change, Victoria's Secret has also revised its forecast for the fourth fiscal quarter, ending February 1, 2025. Sekella brings...
BusinessMemberJan 29, 2025
In Pictures: Peter Copping’s debut collection for Lanvin
Lanvin, known as the world’s oldest operating couture house, founded in 1889, is beginning a new era with Peter Copping as its artistic director. During Paris Fashion Week, Copping presented his first collection for the house, inspired by founder Jeanne Lanvin. "This collection is very personal – a tribute to the world of Jeanne Lanvin and her...
Fashion Jan 28, 2025
Junichi Abe steps down as chief designer of Kolor
Junichi Abe is stepping down as chief designer of Japanese fashion brand Kolor after 21 years. He made the announcement during the presentation of the AW25 collection at Paris Fashion Week, reports WWD. Although Abe is stepping down from his role, he will continue to support Kolor as an advisor. The brand will announce a new chief designer soon....
PeopleJan 27, 2025
Shein bans cotton from unapproved regions for US
Chinese fast-fashion giant Shein has introduced new rules for sourcing cotton in products destined for the US market, Reuters reports. The company announced that cotton will now only be sourced from approved regions, such as the US, India, Brazil and Australia. Pressure is mounting for Shein to be more transparent about its supply chain,...
BusinessMemberJan 27, 2025
Aeffe announces strategic review for Moschino after sales loss
Aeffe Spa, the Italian parent company of brands including Alberta Ferretti, Philosophy di Lorenzo Serafini, Moschino and Pollini, has announced preliminary sales figures for the 2024 financial year. The fashion group reported a 21.3 percent decline in consolidated sales, totaling 251 million euros compared to 319 million euros in 2023. In Italy,...
BusinessMemberJan 24, 2025
Demand for 'hard luxury' takes Richemont to new heights
Richemont, the Swedish luxury conglomerate, has reached a market value of more than 100 billion Swiss francs (about 88.9 billion pounds) for the first time. Richemont's shares rose 0.5 percent to 169.15 Swiss francs, marking the sixth consecutive day of gains, Bloomberg reported. In the third quarter of fiscal year 2024/25, Richemont achieved a...
BusinessMemberJan 24, 2025
Dior designer Kim Jones knighted in France
Kim Jones, the British designer and creative director of Dior Men, will be awarded the French Légion d'Honneur on Friday, January 24. During a ceremony following the Dior Men's winter 2025 show in Paris, he will receive the title of Knight, the highest civilian honour in France. The Légion d'Honneur honours individuals for their contributions to...
PeopleJan 24, 2025
Chanel cuts 70 jobs across US workforce
Luxury fashion giant Chanel is cutting 70 jobs in the US, representing about 2.5 percent of its workforce in the region, according to a report initially made by online publication Puck News and later confirmed by Bloomberg. The decision to reduce its workforce is intended to curb expenses and help the company “better adapt to current economic...
BusinessMemberJan 23, 2025