French luxury house Hermès will soon be inviting the public to its interactive world of HermèsFit in Paris, a global initiative created to appeal to the active side of its consumer whilst showcasing the house’s iconic accessories. For its first event hosted in the École des Beaux-Arts, HermèsFit will host a number of activities including carré...
2 hours ago
The owner of London’s Westfield shopping centre has reported improving sales in the third quarter of the year driven by the reopening of its locations in continental Europe. Property giant Unibail-Rodamco-Westfield (URW) said Thursday that tenant sales at its continental European centres were up 6 percent compared to a year ago, and 92 percent...
3 hours ago
Michael Kors has launched on Zalora, Asia’s online fashion and lifestyle destination. The partnership arrives with the debut of Karlie, a new satchel debuting as part of the Michael Kors Fall ‘21 collection. “We strive to deliver the best of brands to our customers, and Michael Kors is an exciting addition to our Luxury category,” said Mariella...
Apparel conglomerate VF Corporation has published its latest Made for Change sustainability and responsibility report, outlining the progress it has made towards commitments surrounding its “science-based targets”. In its fourth report, the firm focuses on three primary themes: people, planet and product, looking at everything from worker...
4 hours ago
Pre-loved fashion app Vestiaire Collective has announced new appointments within its leadership team to further accelerate the brand’s growth. With a combined experience of more than 50 years, the brand welcomed Klemen Drole as chief technology, product and data officer, Arnaud Collin as chief revenue officer and Bernard Osta as chief strategy...
For the third quarter, eBay Inc. delivered revenue of 2.5 billion dollars, up 11 percent on an as-reported basis and up 10 percent on a foreign exchange (FX) neutral basis. The company’s GAAP net income was 283 million dollars or 43 cents per diluted share, while non-GAAP net income was 591 million dollars or 90 cents per diluted share. “Our Q3...
10 hours ago
International demand for Cotton made in Africa (CmiA) cotton continues to grow. German fashion brand Brax, Jolo Fashion Group from the Netherlands and fashion and lifestyle brand Shinsegae International from South Korea have recently joined the CmiA initiative to promote sustainable cotton cultivation, protect the environment and improve the...
Business rates for the retail, hospitality and leisure sectors in England will be halved for a year, the government announced Wednesday. A new 50 percent business rates discount will reduce the burden of business rates by 7 billion pounds over the next five years, chancellor Rishi Sunak said while delivering the autumn budget. “Apart from the...
27 Oct 2021
A new coalition named Cargo Owners for Zero Emission Vessels (COZEV) facilitated by the international NGO Aspen Institute has committed to a first-of-its-kind target to progressively switch all of their ocean freight to vessels powered by zero-carbon fuels by 2040. Among the nine first signatories are Amazon, Brooks Running, Frog Bikes, Ikea,...
German fashion brand Armedangels is launching its first activewear collection this week. The collection comprises sports bras, tops, classic long sleeves, and leggings with hidden pockets in the waistband, with prices ranging from 39.90 euros to 69.90 euros. The garments are made with a variety of sustainable materials. For example,...
French premium fashion group SMCP has reported an uptick in Q3 sales compared to a year earlier as they neared pre-Covid levels. The group, whose portfolio includes brands Sandro, Maje, Claudie Pierlot and De Fursac, reported sales of 271.7 million euros in the third quarter, an 8.4 percent increase on an organic basis compared to 2020 levels,...
Third quarter sales at Puma increased by 20.4 percent currency adjusted and 20 percent reported to 1,900.4 million euros. Compared to the third quarter of 2019, total sales were up 35.4 percent currency adjusted. Commenting on the third quarter trading, Bjorn Gulden, chief executive officer of Puma SE said: “The third quarter was another very...
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