Formalwear news and archive

Throw formalwear out of the window: ‘Office Punk’ rules the working world

The arrival of Generation Z in the world of work has been the subject of heated debate for years. While most researchers and studies to date have focused on the work ethos of this strong-willed generation, little attention has been paid to their fashionable affinities for the office. And yet it is hard to imagine that the highly expressive...

BusinessFeatured

Moss Bros 2022 sales, profit up as formalwear demand surges

British menswear retailer Moss Bros experienced a jump in sales and profitability last year as it continued to see a surge in demand for formalwear post pandemic. Like many formalwear retailers, Moss Bros was hit hard by the pandemic, not only by store closures but also by the cancellation of social gatherings and large events such as weddings...

Culture

Moss Bros. partners with Peaky Blinders theatre show

Formalwear brand Moss Bros. has revealed a new collaboration Peaky Blinders: The Rise, a theatre show interpretation of the BBC’s popular TV series Peaky Blinders. Located in London’s Camden Garrison, the immersive theatre show will see participants dressed up in recreated looks from the series while taking part in live sets, character...

Business|Interview Featured

TM Lewin MD on website relaunch and post-pandemic formalwear

British menswear retailer TM Lewin relaunched its websites last month, six weeks after being bought out of administration for the second time in two years. Like many formalwear companies, it was hit hard by the pandemic as it faced prolonged store closures and the cancellation of large social events such as weddings and the Royal Ascot. The...

Business

Formalwear retailer Threadology receives seven-figure funding

Formalwear retailer and supplier Threadology has revealed that it has received a seven-figure import trade finance loan from banking firm, HSBC UK. It comes as the London-based company plans to scale up operations following an increase in demand, in line with the return of weddings and formal events. The funding will enable the company, which...

FairsFeatured

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...

BusinessFeatured

Moss Bros annual turnover, EBITDA improve as lockdown ends

Moss Bros has reported a year-on-year increase in annual turnover and has swung to an EBITDA profit as social events returned following the end of the UK’s third lockdown. The retailer made a turnover of 93.1 million pounds in the year to January 2022, a 141 percent increase on a year earlier, but still 27 percent below pre-pandemic levels from...

Business

C&A to close subsidiary Canda International as formalwear demand falls

Fashion retail giant C&A has revealed plans to close its subsidiary Canda International following a drop in demand for formalwear in recent years exacerbated further by the pandemic. The closure of the business will potentially affect 113 employees, C&A announced on Tuesday. Canda International, a specialist in formalwear, has faced losses in...

Business| Featured

TM Lewin falls into administration for second time in two years

British menswear retailer TM Lewin has fallen into administration for the second time in less than two years. The company, founded over 120 years ago in London, has appointed Will Wright and Chris Pole from Interpath Advisory as joint administrators. Like many formalwear retailers, TM Lewin was hit hard during the pandemic by store closures and...

Retail

Why M&S stopped selling suits in most of its stores

Once a destination for suits and formalwear, Marks & Spencer is betting on casual fashion and no longer selling suiting in most of its stores. The company said tastes have evolved and the pandemic fuelled the trend for casualwear, with men favouring smart separates over tailoring. Over 50 percent of M&S’s bigger stores are no longer selling...

Business

Formal dress marketplace Queenly secures 6.3 million dollars in funding

Queenly, a search engine and marketplace for women’s formal dresses, has raised 6.3 million dollars in funding. The company, which offers a mix of pre-loved items and new products from retail partners, said it will use the new funding to help grow its team and scale out its operations and engineering features. The round was led by US private...

Fashion Featured

Has the coronavirus killed formalwear?

On a visit to London City in pre-Covid times would be to arrive at one of the capital’s most bustling boroughs, full of well-dressed men and women amongst the tall glass buildings and historical monuments. By well-dressed we mean tailored wool suits, polished oxfords, crisp shirts, ties of varying widths and dapper overcoats. Visit London City...