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Management

a.k.a Brands slashes IPO size ahead of New York float

Direct-to-consumer fashion platform a.k.a Brands has slashed the size of its upcoming IPO. The youth-focused company, which last month revealed plans to float on the New York Stock Exchange under the ticker ‘AKA’, said Tuesday it plans to raise around 110 million dollars by selling 10 million shares of its common stock at a price of 11 dollars...

Management

Vestiaire Collective valued at 1.7 billion dollars as it secures fresh funding

Second-hand fashion platform Vestiaire Collective has secured 210 million dollars in fresh fundraising as it continues to establish itself as one of the major players in the red-hot resale market. The latest funding - which included participation from two new investors, SoftBank Group Corp and Generation Investment Management - raises the...

Management

Matchesfashion taps Paolo de Cesare as new CEO

London-based fashion retailer Matchesfashion has announced the appointment of Paolo de Cesare as its new CEO. A luxury and retail veteran, de Cesare spent 12 years as president and CEO of fashion and beauty specialist Printemps Group, during which time he spearheaded a major transformation, upgrading the group’s stores and customer proposition...

Management

Kenzo names Sylvain Blanc as new CEO

Change is afoot at Kenzo. In the same week the French luxury label announced Japanese fashion designer Nigo as its new artistic director, it has also appointed Sylvain Blanc as its new CEO. Blanc joins the fashion house from underwear label Undiz, where he’s been chief executive since 2018. Earlier in his career, he was vice president, Europe,...

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Report

Mister Spex posts H1 revenue growth of 25 percent

Europe’s leading digital-driven omni-channel optician, Mister Spex SE reported revenue growth of 25 percent to 101 million euros for the first half period. The company said in a release that growth occurred in both business segments with revenues up 26 percent in Germany and 24 percent in the international markets. From a product category...

Report

RNB Retail and Brands Q4 sales increase

For the fourth quarter, net sales at RNB Retail and Brands increased to 85 million Swedish krona, while Brothers’ sales for comparable units in Sweden increased by 17.5 percent. The company said in a statement that operating income from remaining operations was negative 7 million Swedish krona, while profit after tax was negative 11 million...