Latest Articles in Business

Lab-grown leather producer Faircraft secures 15.8 million dollar funding

Faircraft, a Paris-based lab-grown leather pioneer, has closed a 15.8 million dollar fundraising round, with the secured funds to go towards a team expansion and efforts to scale operations. The round was backed by a number of international investment funds, including the UK’s Entrepreneur First, US-based Kindred Ventures and Heirloom and French...

Business

H&M Group to close Monki stores

Swedish fashion group H&M Group is preparing to close its own Monki brand stores, and thus enters the next step in its Weekday integration plans. The womenswear brand Monki is to be integrated into the Weekday brand, which also belongs to the fashion group, next year, the H&M Group announced on Wednesday. This marks the next phase in H&M's...

Business

Media company Complex launches marketplace platform

Complex, youth culture and music media platform, has launched a new marketplace designed to offer readers and customers a selection of fashion, products and collectibles from a curation of brands powered by its own community. ‘Complex Shop’ intends to serve as a platform representative of the lifestyle and audience to which Complex has always...

Business

Frasers calls for removal of Boohoo co-founder, reaffirms Ashley bid

Frasers Group has doubled down on its criticism of Boohoo Group, now calling on the company’s shareholders to vote out its co-founder and chairman, Mahmud Kamani. In an open letter, Frasers presented Boohoo shareholders with a choice: “win with [Frasers owner, Mike] Ashley or lose with Mr. Kamani”, stating that the latter’s delivery of results,...

BusinessFeatured

Study: 'Doing nothing on Black Friday is better than having the wrong strategy'

While some brands, such as bag manufacturer Freitag, are stopping Black Friday sales altogether and others are luring in customers with big discounts, a large proportion of retailers are somewhere between these two extremes. The majority of consumers (85 percent) plan to take part in Black Friday and expect discounts of at least 30 to 50...

BusinessFeatured

Pace Partnership London to manage Ted Baker's wholesale operations in the UK and Europe

Ted Baker’s wholesale business is being acquired by Pace Partnership London (PPL). New Lobster, the company that manages Ted Baker’s design, development and product innovation, has signed a five-year agreement with PPL to manage its wholesale business in the UK and Europe, a press release said. New Lobster will continue to be responsible for...

BusinessPartner Content

LolaLiza provides FashionUnited with exclusive look at influencer strategy

What does it take to transform followers into a dedicated community? Belgian fashion brand LolaLiza has taken influencer marketing to new heights with its ambassador club, the LolaLiza Club. Designed to cultivate lasting, genuine relationships with influencers, the club enhances LolaLiza’s connection with its audience while supporting...

Business|Interview Featured

How french shoe brand Carel internationally exports Parisian style

"Putting Paris on your feet" is the promise made by the French shoe brand Carel. Seen on Kelly Rutherford (Gossip Girl), Lady Gaga and Jisoo (of Black Pink), it is causing a sensation among celebrities. Its success is due to its "Parisian chic" style that is exported beyond borders. For FashionUnited, the company's CEO Frédérique Picard looks...

Business

Vestiaire Collective: Eurazeo strengthens its investment

A shareholder since September 2015, Eurazeo continues its support for Vestiaire Collective. The investment company recently took part in a new fundraising round as Vestiaire Collective moves closer to profitability. A platform for reselling second-hand luxury items, Vestiaire Collective is optimistic about the future. Since its launch, the...

Business|In Pictures

Authentic Brands Group launches Barneys New York branded residences to Tulum, Mexico

Authentic Brands Group, the global brand development, marketing, and entertainment company, has unveiled a new partnership with Sequence Tulum to bring Barneys New York’s branded residences to Tulum, Mexico. Located in the prominent Luum Zama community, the residences bring together the iconic Barneys New York brand experience with modern...

Business

Frasers-backed Four Marketing snaps up A-Cold-Wall

Samuel Ross’ A-Cold-Wall has been sold to distribution agency Four Marketing just months after it was acquired by London-based fashion accelerator Tomorrow Ltd. In a press release seen and reported on by Vogue Business, Tomorrow Ltd CEO, Stefano Martinetto, said: “We’re thrilled to see the brand transition into such capable hands.” Martinetto...

BusinessFeatured

US retail sales bounce back in October ahead of forecasted ‘record’ Thanksgiving weekend

Things seem to be looking up for the US retail sector, which bounced back “strongly” in October according to new figures released by the CNBC/National Retail Federation (NRF) Retail Monitor. According to the report, total retail sales were up 0.74 percent seasonally adjusted month-over-month, and up 4.13 percent unadjusted year-over-year in the...