Latest Articles in Business

Marimekko CEO on modernising the brand while keeping Unikko-heritage alive

If you know Marimekko, then you are likely already familiar with the brand’s bold graphic poppy print, suitably titled Unikko – the word for ‘poppy’ in Finnish. Initially created by the brand’s designer Maija Isola, it has now become synonymous with Marimekko’s design language, and is recognisable on a global scale. Celebrations ahead of the...

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Mothercare swings to FY loss, expects to complete refinancing 'shortly'

Maternity and childrenswear specialist Mothercare has reported a loss in its most recent financial year ended March 25. The group, which has undergone a major transformation in recent years, made a net loss of 0.1 million pounds compared to a profit of 12.1 million pounds the prior year. That came as group turnover dropped 11 percent to 73.1...

Business

Lululemon provides update on wellbeing report

Sportswear retailer Lululemon has published its third annual Global Wellbeing Report, which it began in order to better understand how to support people in their efforts to be well, as stated by its chief people and culture officer Susan Gelinas. She added in her press statement: “Advancing wellbeing is not a solitary effort, it is a collective...

Business

Coty reportedly moving ahead with Paris listing

Beauty giant Coty is believed to be going ahead with its second stock exchange listing, with it reportedly planning to enter the Paris Stock Exchange (PAR) as soon as the coming weeks. Details of the NYSE-listed group’s plans had initially been unveiled in a regulatory filing published in May, with the dual listing idea formulated around the...

Business

Frasers Group seeks evidence from Morgan Stanley boss over margin call dispute

UK fashion conglomerate Frasers Group has confirmed that it has requested for New York court to secure evidence from the chief executive of Morgan Stanley, James Gorman, for a lawsuit it issued over a one billion dollar margin call. Frasers initially filed the related lawsuit against the bank in London’s High Court back in 2021, stating that the...

Business

SEC amends regulations for investment fund names

The Securities and Exchange Commission (SEC) has announced new amendments to its Investment Company Act ‘Names Rule’, enhancing regulations and other names-related requirements to ensure further investor protection and address developments in the industry. The rule, which had initially been adopted 20 years ago, currently requires registered...

Business

Ben Sherman owner signs deal with Apparel Group to enter GCC and India

Marquee Brands has struck up a partnership with global fashion conglomerate Apparel Group that will enable five of its portfolio brands to secure a foothold across the GCC and India regions. Among those included in the deal are BCBG, Ben Sherman, Bruno Magli, Sur la Table and Martha Stewart, each of which will be introduced to a new audience and...

Business

Asos names William Baker as non-exec director

Fast fashion e-tailer Asos has announced the appointment of William Barker as a non-independent non-executive director as it continues to build up its board of directors with seasoned executives. Barker is the founder and chief executive officer, as well as a significant shareholder, of California-based hedge fund manager Camelot Capital...

Business

Rebag launches consignment service

Luxury accessories resale platform Rebag is adding consignment services to its offering, complementing its trade and buyout features and providing more flexibility for users. According to the company, the consignment service aims to take away fluctuating commission rates and lengthy payment processes, giving sellers visibility and control over...

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Ba&sh CEO Pierre-Arnaud Grenade: ‘We weren’t born sustainable, but we take it seriously’

French fashion brand Ba&sh is one of those names in the premium segment that is enjoying success despite inflationary pressures. Beyond its products, its desirability stems from a well-honed and constantly evolving CSR policy. In 2022, while its sales increased by 22 percent, Ba&sh's carbon footprint decreased by 15 percent – data shared with...

Business

PETA reports wins: Frasers Group bans angora, VF cuts cashmere

In what is being hailed as a victory for animal rights, the People for Ethical Treatment of Animals (PETA) has announced that two notable fashion conglomerates have agreed to cut animal products from their supply chain. Frasers Group, the owner of Sports Direct, Missguided and House of Fraser and for which PETA is a shareholder, is understood to...

Business

Secret Sales acquires Spanish discount retailer Dreivip

Off-price retail platform Secret Sales has snapped up Spain’s discount retailer Dreivip for an undisclosed sum as part of its newly launched merger and acquisition (M&A) strategy. The “aggressive” scheme has been introduced after Secret Sales began making its entry into new regions, most recently stepping into the Netherlands and Belgium, making...