Meta to wind down NFTs on platforms amid crypto bust By Reuters API Meta Platforms Inc is cutting off support for digital collectibles or non-fungible tokens (NFTs) on its platforms less than a year after rolling it out, as the…
French retailer Gémo tests new rental and resale service Translated by Nicola Mira Coming to terms with fashion’s new business models requires testing and making adjustments. French family fashion retailer Gémo has ventured in this direction, launching new tests on…
Fashion retailer Express updates 2022 guidance Fashion retailer Express Fashion retailer Express updates 2022 guidance. – Express The Columbus, Ohio-based company said it now expects full-year 2022 comparable sales to remain relatively flat. Likewise, Express’s diluted earnings per share are…
Russia approves sale of Spanish company Inditex’s business to Daher group By EFE Translated by Roberta HERRERA The Russian government has approved the sale of the Spanish multinational Inditex Inditex headquarters in Arteixo – Inditex According to Yevtujov, as cited…
Lacoste entrusts its creative direction to Pelagia Kolotouros Translated by Cassidy STEPHENS Following the departure of Louise Trotter at the beginning of the year, after four years of working with the brand, LacosteYeezyThe North FaceAdidasTheoryCalvin Klein Pelagia Kolotouros – Cyril…
Destination Africa textile fair returns to Cairo Translated by Roberta HERRERA It’s been three years since the last on-site celebration of the professional sourcing and fabrics trade show Destination Africa. After the pandemic hit, which prevented the organization of the…
Raf Simons shutters his own label, after 27 years of independence Raf SimonsInstagram Raf Simons has announced the closure of his brand on Instagram – Raf Simons The news comes just four weeks after an October 14 show Simons “The Spring/Summer…
Calzedonia group tops €3 billion revenue mark in 2022 Translated by Nicola Mira Italian lingerie and hosiery giant Calzedonia Calzedonia – DR The share of revenue generated outside Italy grew from 56% in 2021 to 58.5%, while Calzedonia continued to…
Dick’s Sporting Goods invests in sports resale platform SidelineSwap Sports resale marketplace SidelineSwap announced on Thursday it has received a strategic investment from retailer Dick’s Sporting Goods, as the pair look to expand their resale partnership, including more pop-up trade-in events.…
ASOS seeks job cuts, launches staff consultation ASOS is seeking to cut around 100 jobs as its new CEO works to turn around the company that’s faltered in recent periods. Asos The stock exchange-listed fashion e-tail giant has confirmed that…
