Zenkai Sports raises $1 million from strategic investors Sustainable performance apparel brand Zenkai Sports has closed a $1 million funding round. Zenkai Sports raises $1 million from strategic investors. – Zenkai Sports The funding round was led by strategic advisors…
El Corte Inglés achieved over 1 billion euros of Ebitda in 2022, driven by fashion sales Translated by Roberta HERRERA El Corte Inglés recorded an operating profit or EBITDA of 1.1 billion euros in the 2022-2023 fiscal year, exceeding pre-pandemic…
A leader’s perspective: 2022-23 update with Isabelle Guichot, CEO of SMCP Translated by Cassidy STEPHENS To start 2023, FashionNetwork.comSMCP The flagship of accessible French luxury, the group, which includes SandroMajeClaudie PierlotFursacRichemontLancelKeringSergio RossiBalenciaga At SMCP, she took over the reins in…
Luxury labels target men with collections dedicated to Ramadan Translated by Nicola Mira This year, several labels have designed mens collections to also meet the requirements of a segment of their male clientèle during Ramadan, which begins on March 23.…
Superdry sales disappoint, considers further fundraising and cost-cut actions Superdry Superdry Sales are growing but more slowly than hoped for, it has withdrawn its profit guidance, and it’s considering raising funds via an equity issue. The company said retail sales…
S.Oliver: New CEO comes from the automotive industry Translated by Cassidy STEPHENS The succession of former CEO Claus-Dietrich Lahr is settled: Jürgen Otto Jürgen Otto, S.Oliver’s new CEO. – Brose The business administration graduate is regarded as a team player…
H&M Q4 sales beat forecasts, but meaningful growth is elusive The world’s second-biggest fashion retailer has reported headline sales for the latest quarter up 10% year on year, which slightly beat analysts’ expectations of a 9.5% rise in the three…
Lightspeed to cut 300 roles Montreal-based commerce tech firm Lightspeed Commerce Inc. announced on Monday a reorganization including the elimination of 10 percent of its headcount. Lightspeed to cut 300 roles. – Lightspeed The reorganization includes the reduction of approximately…
Antonio De Matteis named new president of Pitti Immagine Translated by Nicola Mira Claudio MarenziKiton Kiton Pitti Immagine’s board has been almost entirely renewed. Mansi has been confirmed as vice-president, and Raffaello NapoleoneConfindustria ModaKeringPiquadro The board of statutory auditors is composed…
China: major textile fairs in March postponed Translated by Cassidy STEPHENS As China eases constraints for international visitors, China’s major textile and clothing fairs are postponing their March 2023 edition. The Chic Intertextile This postponement “gives local and foreign exhibitors…
