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LVMH withdraws holdings from Belgium
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Inditex in 2024: Transformation, innovation and global challenges
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Personalisation, faux fur and clutch bags to dominate fashion in 2025
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Inside Hummel: Insights into the sports brand’s offensive strategy
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No time to rest: How fashion's calendar defies traditional business cycles
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Marquee Brands acquires British heritage brand Laura Ashley
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Just In
Italy: Audit system for luxury companies raises questions
Following the scandal surrounding working conditions at certain subcontractors of luxury brands based in Italy, Reuters is shedding light through an investigation on the audit system of large luxury groups that is deemed to be "failing". Last June, Dior, Armani and many other luxury brands were accused of collaborating with subcontractors who do...
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Zalando's impact on the European economy
A new report has looked back at online fashion retailer Zalando's impact on the European economy and performance it had achieved during the year 2023. Titled 'The Economic Impact of Zalando in Europe', the report, conducted by international research and consulting firm Oxford Economics for Zalando, assessed the company’s direct and indirect...
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SMCP founders and executives hold 10.3 percent of the capital after the conversion of preferred shares
Paris - Around a hundred "executive and managerial executives" of SMCP (Sandro, Maje, Claudie Pierlot), including its founders Evelyne and Ilan Chétrite and Judith Milgrom, hold 10.3 percent of the capital of the textile group following a conversion of preferred shares, according to a press release on Friday. Between 2016 and 2017, the group,...
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The Or Foundation donates one million dollars in emergency relief to affected Kantamanto market
American-Ghanaian non-profit organisation The Or Foundation will donate at least one million dollars to the reconstruction of the Kantamanto Market in the Ghanaian capital Accra, a press release from the organisation revealed. The market, one of the largest second-hand clothing markets in the world, was hit hard on January 1 by a fire that...
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In Pictures: Zara opens upsized Liverpool One store
Inditex-owned Zara has unveiled an upsized flagship store in Liverpool One. The 42,000 square foot space is a 55 percent increase of its former capacity, and will now house a larger selection of menswear, womenswear and childrenswear across its two floors. In a release, Liverpool One said the flagship places the “customer experience at the...
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Daily Paper to sell New York store as it takes steps to ensure profitability
Dutch streetwear brand Daily Paper has revealed plans to divestiture its New York store, the first overseas retail location opened by the label. The process is expected to be completed in early 2025. Details of the decision were outlined in Daily Paper’s annual report for the financial year 2023/24, in which the fashion brand revealed steps to...
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Unwrapping in 2025 - Leadership overhauls beckon fresh beginnings: The turnaround strategies of new CEOs
2024 seemed to take shape as a period of transition for many of the industry’s biggest players as they looked to swiftly, yet effectively, turn around lacklustre financials and return to growth, profitability or both. To lead such strategies, many took to overhauling their leadership teams, naming new CEOs in the process who have come in guns...
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The career of… Alice Duarte, shoemaker at Veja
The shoemaking trade is not dead. On the contrary: it is very much alive, Alice Duarte, shoemaker at Veja, shares in an interview with FashionUnited about her job. She has an impressive resume: she learned the craft of shoe repair at a vocational school in France and rose to become a shoemaker for luxury fashion brands Louboutin and Chanel. Now...
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Carolyn Aronson launches new haircare brand targeting Gen Z
Carolyn Aronson, the founder of professional haircare brand It's a 10 Haircare, has launched a new affordable haircare line targeting Gen Z consumers looking to prioritise sustainability and ingredient integrity. The brand is called Cloud Haircare and marks Aronson's first mass-market venture as the line will be available directly from...
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Parsons Benefit to honour Sephora’s Artemis Patrick
Sephora North America president and chief executive officer Artemis Patrick will be honoured at the 76th annual Parsons Benefit taking place in New York on May 20. The Parsons Benefit is an annual celebration of the role fashion, design and the arts play in today’s world and honours what it calls “visionary figures” in fashion, business, design,...
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Rokt appoints chief financial officer and chief product development officer
Rokt, the e-commerce technology company using machine learning and AI to make the shopping experience more relevant to customers, has strengthened its executive team with the appointment of two leaders to its C suite. Jacqueline Purcell, who has worked with Rokt in a consultant capacity as interim COO since 2022, has been appointed as chief...
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Rolex's latest price increase signals industry-wide cost pressures
Rolex's latest price increases, reaching up to 8 percent on some models, signal a broader industry challenge as precious metal costs continue to pressure luxury watchmakers' margins. The move comes as gold prices maintain their upward trajectory, forcing high-end watch and jewellery manufacturers to reassess their pricing strategies. Last year...
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