Articles by Weixin Zha
Esprit: What does the future hold for the former billion-dollar brand?
loading... - Business | Background
The Esprit brand is being taken over in Europe by London-based investor Alteri and its fashion company CBR. What will happen to the once multi-billion dollar brand? Here is what we know and don't know. The Esprit we know no longer exists The business operations behind the Esprit brand in Ratingen are being dissolved, while stores are closing in...
Hugo Boss sells Russian business to Stockmann
loading... - Report
German fashion brand Hugo Boss has sold its business in Russia to its wholesale partner Stockmann. A purchase price was not disclosed, according to reporting news platform Reuters, however it is known that Russia requires foreign companies to sell assets at a discount of at least 50 percent. In its 2023 annual report, Hugo Boss valued the assets...
Hugo Boss sells Russian business to Stockmann
loading... - Report
Hugo Boss sells its business in Russia to its wholesale partner Stockmann. A purchase price was not disclosed, as the Reuters reported on Monday. However, it is known that Russia requires foreign companies to sell assets at a discount of at least 50 percent. In its 2023 annual report, Hugo Boss valued the assets for sale in Russia at 27 million...
Mourning for Esprit: Voices from the Internet
loading... - Business
The people behind Esprit have had a difficult week. The clothing group announced last week that it would only focus on the licensing business. Operational activities such as sales and production are to be completely handed over to a licensing partner. The approximately 1,300 employees still in Germany are now worried about their jobs because...
Fairs from Amsterdam to Copenhagen are vying for the German fashion industry
loading... - Fairs
The end of the big fashion fairs in Berlin left a void in the fashion calendar. The capital used to be the place for the German-speaking industry to gather, preview collections and discover new brands. Now, fairs from Florence to Amsterdam are targeting brands and buyers from Europe’s biggest fashion market. The stand of fashion label Lara Lauré...
Dries van Noten bids farewell with an ode to fashion and time
loading... - Fashion
What remains of a 40-year career in a world as volatile as fashion? Belgian designer Dries van Noten pondered time and eternity at his last men's show during Paris Fashion Week. A navy coat falls almost to the ankles, a double-breasted jacket is combined with translucent mesh trousers in deep purple. The colours of the first looks seem rather...
Copenhagen's new Mandatory CPH trade fair starts in June
loading... - Fairs
The Danish capital is getting a new trade fair in June. Under the confident name of Mandatory CPH, it will bring Scandinavian and international brands together with buyers. According to its website, Mandatory CPH will take place from 26 to 28 June at Øksnehallen, an exhibition space in Copenhagen's Vesterbro district. The events itself will...
H&M closes Berlin innovation lab Beyond
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H&M is ending the activities of H&M Beyond in the German capital. This was confirmed by the Swedish clothing group at the request of FashionUnited on Thursday. Oliver Lange, the previous manager of the project, reported the cancellation of the project at the end of last week on the career network LinkedIn. Lange left the company on 1 May and the...
Breaking the pattern: The apparel brands ditching trends and seasons
loading... - Fashion | Background
In an industry that thrives from constant change, a handful of fashion brands have broken away from convention to refine timeless apparel collections. Their seasonless business models proved notably resilient during the pandemic when many clothing companies suffered from overstock and supply chain woes. Could they serve as a viable alternative...
Armedangels says ‘sustainable products don’t exist’ in latest marketing campaign
loading... - Fashion
German fashion brand Armedangels has taken a bold new step in its latest marketing campaign. The Cologne-based label wants to be "radically honest" in its communications by bluntly stating: “Sustainable products don't exist.” With the new marketing campaign the brand highlights that every newly produced product leaves an ecological footprint and...