FitFlop aims for growth through more Aurelius funding Wellness/footwear and apparel brand Fitflop has secured an extra five-year, $30 million revolving credit facility from Aurelius Finance Co (AFC) to support its long-term growth. FitFlop Aurelius’s backing continues after “playing a…
Mango to close 2022 with 270 new points of sale and €120 million in investment By EFE Translated by Roberta HERRERA The fashion firm Mango Mango to close 2022 with 270 new points of sale, bringing its total number of…
Italian retailer OVS maintains momentum after annual profit grows By Reuters API Italian clothing retailer OVS Piombo OVS posted an 11.3% increase in net sales to 1.5 billion euros ($1.6 billion) and a 22.4% growth in adjusted earnings before interest,…
Nic+Zoe names new CEO; enters activewear, denim categories U.S. fashion brand Nic+Zoe announced on Thursday the promotion of current president Avra Myers to the role CEO, in addition to the launch of new denim and activewear collections, respectively. Nic+Zoe Myers…
Primark back on track in UK, US store count to grow but Germany has issues PrimarkAssociated British Foods Photo, Sandra Halliday Overall, ABF group revenue increased 22% to £17 billion and adjusted operating profit rose 42% to £1.435 billion. Meanwhile,…
Ditte Reffstrup on Ganni’s key to success and the brand’s sustainable business model Translated by Roberta HERRERA The wait is over for the GanniFashionNetwork.com It was the latter that welcomed us to the brand’s headquarters on the rainy Tuesday afternoon,…
American Eagle to launch AI-powered inventory-tracking American Eagle Outfitters American Eagle to launch AI-powered inventory-tracking. – American Eagle Radar uses a combination of RFID and computer vision to track and locate in-store inventory in real time with 99% accuracy. The…
U.S. consumers to spend $25.9 billion on Valentine’s Day: NRF U.S. consumers are expected to spend $25.9 billion on ValentineNRF Consumers to spend $25.9 billion on Valentine’s Day: NRF – Mejuri The leading retail industry group said more than half…
Nikes taps former Twitter exec for DE&I chief role U.S. sportswear giant Nike James Loduca – LinkedIn “Excited to be joining Nike as its new chief diversity, equity and inclusion officer,” said Loduca via LinkedIn. “In an increasingly polarized time, sport is…
Vuori reveals new C-suite appointments U.S. activewear brand Vuori announced on Tuesday the hiring of four C-suite executives including its chief operations officer, general counsel and corporate secretary, chief people officer, and chief information officer. Vuori The Encinitas, California-based company said the…
