Fashion |CEO-Interview

OTB founder and chair Renzo Rosso talks the metaverse and IPO plans

The 15th edition of Greentech Festival in Berlin launched Wednesday with a gala at the former Tegel Airport, an area that is now called Urban Tech Republic. During the Green Awards gala, Renzo Rosso, the founder and chairman of OTB, received the 'Special Prize Italy‘, with Italy being this years' guest country of the festival. OTB, whose...

24 Jun 2022

Fashion

Six street style trends from Florence and Milan

The SS23 menswear season officially started last week with the Pitti Uomo men's fashion fair and Milan Fashion Week. Men in Florence and Milan were showcasing the latest styles, dressing up in slick formal looks despite temperatures soaring over 35 degrees Celsius. But in addition to the return of the suit, casual and colorful looks also shaped...

24 Jun 2022

People

Wolford names Doina Ciobanu as new brand sustainability advisor

Luxury skinwear and hosiery brand Wolford has appointed influencer and fashion sustainability advocate Doina Ciobanu as the company’s new brand sustainability advisor. Ciobanu will report directly to Wolford’s chief commercial officer Silvia Azzali and will be tasked with further developing and communicating the brand’s sustainability strategy,...

24 Jun 2022

Fashion |In Pictures

Polo Ralph Lauren unveils 2022 Wimbledon uniforms

Polo Ralph Lauren, which has been dressing Wimbledon’s on-court officials including chair umpires, line umpires, ball boys and girls for the past 17 years, has unveiled the 2022 uniforms. For this year’s tennis tournament, which runs from June 27 to July 10, Polo Ralph Lauren has combined the brand's heritage with modern fabrications and...

24 Jun 2022

Business

Zalando lowers outlook as consumer confidence dips

Zalando SE has issued an update for the second quarter 2022 and revised its guidance for the financial year 2022 as the company said, macroeconomic conditions have further deteriorated during the second quarter of 2022 with the EU consumer confidence index decreasing further in June. For the second quarter 2022, management expects gross...

24 Jun 2022

Fairs

Italian menswear industry recovers as dress codes blur

Italy’s menswear sector is recovering from a slump during the pandemic. Amid easing coronavirus restrictions and rising sales, fashion brands look to redefine what men will wear as they return to offices and go on vacation. You know men are serious about fashion when they don’t mind sweating in bespoke suits as temperatures soar above 35 degrees...

23 Jun 2022

Fashion

Farfetch unveils second conscious luxury trends report

Consumers are choosing to shop more consciously, according to Farfetch’s second annual conscious luxury trends report, which reveals that the number of its customers who purchased a product from its conscious collection increased 60 percent year-on-year in 2021. France experienced the strongest growth globally in conscious shopping on Farfetch...

23 Jun 2022

Business

Matalan cuts 721 jobs in FY22 as revenue increases 38 percent

British fashion and homeware retailer Matalan cut more than 700 jobs over the last fiscal year despite its revenue growing by 38 percent. In the 52 weeks to February 26, the company reduced its workforce from 11,558 to 10,837 - a loss of 721 jobs, it said Thursday. It came as the retailer increased its revenue to 1.03 billion pounds, up from...

23 Jun 2022

More News

Business

Nike to fully exit Russia following Ukraine invasion

US sportswear giant Nike is the latest fashion company to completely cut ties with Russia. Nike will fully exit the Russian market three months after suspending operations there, the company told Reuters Thursday. It is the latest in a spate of Western brands to cut ties with Russia following its invasion of Ukraine. Rivals Adidas and Reebok...

24 Jun 2022

Business

eBay snaps up NFT marketplace KnownOrigin

US e-commerce giant eBay has bought non-fungible token (NFT) marketplace KnownOrigin for an undisclosed sum. Founded in Manchester in 2018, KnownOrigin’s technology and platform enables artists and collectors to create, buy and resell NFTs via blockchain-support transactions. eBay said the acquisition of KnownOrigin is an “important step” in its...

23 Jun 2022

Retail

Sainsbury’s rolls out charitable second-hand fashion initiative to all UK stores

UK supermarket chain Sainsbury’s is expanding a charitable second-hand fashion programme to all of its UK stores following a successful trial. The initiative sees Sainsbury’s donate any clothing products from its fashion brand Tu Clothing that are not fit for resale in store to Newlife, a UK charity that recycles, reprocesses, and reuses...

23 Jun 2022

Fashion |In Pictures

Maaree launches collaboration with Skipping With Sarah

Sports bra and performance apparel brand Maaree has launched a limited-edition collaboration with jump rope content creator Skipping With Sarah. The Maaree x SkippingWithSarah collection features “stylish, functional and solution-focused leggings and cycle shorts” to support women of all shapes and sizes to confidently jump rope and keep active....

23 Jun 2022