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Former Tesco exec joins Burberry board

Burberry has announced that Alan Stewart has been appointed to its board as a non-executive director and member of the Audit and Nomination committee, effective from September 1. It comes as Matthew Key is set to retire from his position on the board as a non-exec director after nine years with the company. Stewart will be succeeding Key the...

5 Aug 2022

BusinessFeatured

Will a new open-source marketplace revolutionise direct to consumer platforms?

Shopify’s sacking of 10,000 employees last week, the equivalent of 10 percent of its workforce, has left questions, if not holes, in the future of DTC platforms, where soaring costs, supply chain bottlenecks and a slowdown in consumer spending is hampering sales. For many small fashion businesses, advertising on Instagram and Facebook is no...

5 Aug 2022

BusinessFeatured

Yeezy Gap engineered by Balenciaga arrives in physical stores

The collaboration between Kanye West and Balenciaga arrives in stores at the Gap as the American brand changes direction. Will the Kanye West effect save Gap? In any case, the American brand has found a jump start. In one year, thanks to a partnership with the superstar, Gap regains some of its luster lost since the late 90s, revolutionizing its...

5 Aug 2022

Business

Balenciaga strikes deal with Reliance Brands to bring brand to India

Luxury brand Balenciaga has signed a strategic deal with Reliance Brands Limited (RBL), which will see the couture label enter the Indian market. The long-term franchise agreement will make RBL Balenciaga’s exclusive partner in the region and marks the branding agency’s second deal with a Kering-owned label. It previously struck a similar...

5 Aug 2022

Business

Delta Apparel Q3 sales up 7 percent, but profits narrow

US lifestyle and activewear company Delta Apparel has reported a 7 percent increase in sales in the third quarter of the year. In the three months to July 2, net sales came in at 126.9 million dollars, up from 118.7 million dollars a year earlier. Sales at the company’s Delta Group segment rose 3 percent to 106 million dollars, while sales in...

5 Aug 2022

Business

The RealReal calls on US congress to implement circularity practices

Luxury resale platform The RealReal has called on the US congress to consider circularity in its mission of tackling the climate crisis. The platform hosted a Congressional briefing, entitled ‘Fashion and the Environment – How to Achieve a Circular Future’, through which it directed speeches towards House and Senate staff. In his opening...

5 Aug 2022

Business

Puma to host sustainable fashion conference in London

Sports giant Puma has announced it will be hosting a conference focused on solutions to drive a more sustainable fashion industry. Set to take place in London on September 6, the ‘Conference of the People’ will see a number of activists, NGOs, experts, ambassadors and consumers take to the event to discuss various sustainability issues and...

5 Aug 2022

Business

Vera Bradley sells retail start-up GoodMrkt to co-founder

American bag company Vera Bradley has reportedly sold its 16-month-old subsidiary GoodMrkt to its co-founder and chief brand officer Harry Cunningham. According to WWD, the decision to sell comes as part of Vera Bradley’s board of director’s decision to focus on the growth of its two core brands, as noted in a statement to the publication from...

5 Aug 2022

Business

Khaite reportedly eyeing future investment and sale opportunities

New York label Khaite is reportedly exploring potential investment and sale options as it looks towards scaling the brand. According to sources of WWD, creative director Catherine Holstein has been in contact with possible investors and is considering a sale. In a statement to the publication, the brand said that it had grown quickly since its...

5 Aug 2022

BusinessFeatured

Kontoor Brands Q2 revenue up 25 percent, lowers FY outlook

Kontoor Brands, the owner of denim labels Wrangler and Lee, has reported a 25 percent increase in revenue in the second quarter of the year. In the three months to July 2, revenue came in at 613.6 million dollars, compared to 490.8 million dollars a year earlier. That growth was primarily driven by the company's US business, which saw a 40...

5 Aug 2022

Business

Marimekko to launch secondhand and vintage marketplace

Finnish design company Marimekko is set to launch a community-centred marketplace for the brand’s secondhand and vintage goods. Preparing to go live August 25, ‘Marimekko Pre-loved’ will allow for both peer-to-peer sales and B2C independent vendors in a bid to further the lifespan of its products. Sellers will be able to either redeem their...

5 Aug 2022

Business

Marks & Spencer announced as official tailor of England football team

Marks & Spencer has announced that it has been selected as the official tailor of the England Senior Men’s and Women’s football teams, a partnership that will span the course of three years. It builds on the department store’s long-standing relationship with the Football Association, dating back to 2007 when it was selected as the official suit...

5 Aug 2022