Business

Sneaker start-up Rens looking to raise 1 million US dollars

Finnish sustainable sneaker start-up Rens, which makes shoes made from coffee grounds, is looking to raise 1 million US dollars with a Kickstarter campaign to fund the manufacture of its new Nomad shoe, which represents a revolution in eco-design. The company’s founders, Jesse Tran and Son Chuis are pioneering the use of recycled materials in...

1 hour ago

Fashion

New Look full-year sales plummet, but recovery underway

New Look has reported a steep drop in full-year revenue after the high street retailer was hit hard by store closures during the pandemic, but its sales have rebounded strongly in the first quarter of the current financial year. Revenue for the year to March 27 dropped 40 percent to 542.2 million pounds, compared to 912.8 million pounds a year...

1 hour ago

Business

Ralph Lauren returns to Q1 earnings growth, revenue up 182 percent

Ralph Lauren Corporation said, earnings per diluted share for the first quarter were 2.18 dollars on a reported basis and 2.29 dollars on an adjusted basis compared to loss per diluted share of 1.75 dollars on a reported basis and negative 1.82 dollars on an adjusted basis, for the first quarter of fiscal 2021. In the first quarter of fiscal...

3 hours ago

Business

Wolverine Worldwide acquires Sweaty Betty for 410 million dollars

Wolverine World Wide, Inc. has acquired Sweaty Betty, a global fitness and lifestyle brand with the transaction valued at approximately 410 million dollars. “The acquisition of Sweaty Betty complements our strategic shift over the last several years from a traditional footwear wholesaler into a consumer-obsessed, digital-focused growth company....

3 hours ago

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