Asos Announces Law Roach as Stylist in Residence
Online fashion retailer Asos has brought on celebrity stylist Law Roach to bring his creative lens and styling approach to its campaigns and recently relaunched magazine.
Frankfurt, Germany
News & Analysis
Zalando to Launch €50 Million Share Buyback
The buyback would run from May 11 until June 4 to cover its management stock option programmes.
Zalando to Launch €50 Million Share Buyback
The buyback would run from May 11 until June 4 to cover its management stock option programmes.
Retail
German Department Store Galeria Files for Creditor Protection
With all of its outlets closed, the department store chain is losing roughly €80 million in weekly revenue.
German Department Store Galeria Files for Creditor Protection
With all of its outlets closed, the department store chain is losing roughly €80 million in weekly revenue.
Global Markets
Global Fashion Group Says It Is Making Progress Towards Profit
GFG, which runs fashion websites in Russia, Latin America and south-east Asia, reported second-quarter sales rose a currency-adjusted 16.5 percent.
Global Fashion Group Says It Is Making Progress Towards Profit
GFG, which runs fashion websites in Russia, Latin America and south-east Asia, reported second-quarter sales rose a currency-adjusted 16.5 percent.
News & Analysis
Zalando to Build Rotterdam Warehouse to Serve Western Europe
The facility will start operating in 2021, and will eventually employ 1,500 people with a storage capacity of 16 million items.
Zalando to Build Rotterdam Warehouse to Serve Western Europe
The facility will start operating in 2021, and will eventually employ 1,500 people with a storage capacity of 16 million items.
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Financial Markets
Global Fashion Group IPO Mostly Backed by Existing Shareholders
Facing low investor demand, the e-commerce fashion group cut its initial share price from up to €8 to €4.50.
Global Fashion Group IPO Mostly Backed by Existing Shareholders
Facing low investor demand, the e-commerce fashion group cut its initial share price from up to €8 to €4.50.
Retail
Global Fashion Group Postpones IPO
The Asia and Latin America-focused fashion e-tailer is postponing its listing until July due to low investor demand, according to sources.
Global Fashion Group Postpones IPO
The Asia and Latin America-focused fashion e-tailer is postponing its listing until July due to low investor demand, according to sources.
Financial Markets
Emerging Markets Retailer GFG Prepares for IPO
The online retail group, valued at €1 billion with 11.2 million active customers, has announced its plans for its listing in Frankfurt.
Emerging Markets Retailer GFG Prepares for IPO
The online retail group, valued at €1 billion with 11.2 million active customers, has announced its plans for its listing in Frankfurt.
News & Analysis
Adidas Slumps as Retro Shoes Wane on European Home Turf
The sportswear company expects sales growth to slow this year due to the retro footwear boom losing momentum in Europe and supply chain problems in North America.
Adidas Slumps as Retro Shoes Wane on European Home Turf
The sportswear company expects sales growth to slow this year due to the retro footwear boom losing momentum in Europe and supply chain problems in North America.
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Luxury
Europe Revival Lifts Sales at Hugo Boss
Sales rose 6 percent in the second quarter as the German fashion house pursues a turnaround in its home market and updates some of its ranges to try to draw in younger shoppers.
Europe Revival Lifts Sales at Hugo Boss
Sales rose 6 percent in the second quarter as the German fashion house pursues a turnaround in its home market and updates some of its ranges to try to draw in younger shoppers.
News & Analysis
Amazon Workers in Europe Strike on Prime Day
Thousands of workers are on strike in Germany, joining colleagues in Spain and Poland in taking action that coincides with a major sales promotion.
Amazon Workers in Europe Strike on Prime Day
Thousands of workers are on strike in Germany, joining colleagues in Spain and Poland in taking action that coincides with a major sales promotion.
News & Analysis
German Discount Retailer NKD Put Up for Sale, Sources Say
Private equity owner OpCapita is seeking a buyer for the company valued at €300-350 million, hoping to benefit from high equity valuations.
German Discount Retailer NKD Put Up for Sale, Sources Say
Private equity owner OpCapita is seeking a buyer for the company valued at €300-350 million, hoping to benefit from high equity valuations.
News & Analysis
How Fashion Should (and Shouldn’t) Embrace Artificial Intelligence
The biggest opportunities are in trend forecasting and better supply chain management, but AI in customer service could backfire if brands jump in too early, argues Chris Boos.
How Fashion Should (and Shouldn’t) Embrace Artificial Intelligence
The biggest opportunities are in trend forecasting and better supply chain management, but AI in customer service could backfire if brands jump in too early, argues Chris Boos.
The News in Brief
Boohoo’s New Chairman Stirs Controversy as Broker Drops Coverage
The online clothing retailer, which rebranded as Debenhams Group last year, said Friday that Iain McDonald had taken over from Tim Morris with immediate effect in a move aimed at ‘rebuilding equity value.’
Luxury Perfume Line Roja London Acquired by Extravaganza Beauty
Master perfumer and founder Roja Dove will remain with the brand in a new consultancy role.
UK Retail Sales Bounce Back With 0.5% Gain in August
Warm weather and a brighter national mood helped lift spending on clothing and household goods despite rising energy bills.
EssilorLuxottica Gets Rare Sell Call Amid Stock Slump, AI Glasses Concerns
Shares in the eyewear giant, one of Europe's best-rated blue chips, have dropped 55 percent since November, while concerns are mounting over slowing growth and privacy issues for its AI glasses with Meta.
Olaplex Names New CEO
Christoph Kaul will succeed Amanda Baldwin, who led the hair care label through its acquisition by Henkel earlier this year.
Perelel Expands C-Suite, Tapping Rare Beauty’s CMO
Known for its prenatal vitamins, the wellness label has hired Rare Beauty's Ashley Murphy as its chief marketing officer, while Anjelika Temple moves into the chief creative officer role.
Swiss Watch Exports Grow for Fourth Month, Overcoming US Slump
Exports in August were buoyed by China and Japan, despite a sharp decline in shipments to the US.