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

Business

Under Armour's Q2 revenue jumps 91 percent, updates forecast

Second quarter revenue at Under Armour was up 91 percent or 85 percent to 1.4 billion dollars compared to the prior year. The company’s wholesale revenue increased 157 percent to 768 million dollars and direct-to-consumer revenue increased 52 percent to 561 million dollars, driven by strong growth in owned and operated stores offset by an 18...

3 hours ago

Business

Aeffe Q2 revenue above 2019 levels, swings to H1 profit

Luxury fashion group Aeffe has swung to a profit in the first half of the year as its second-quarter sales exceeded 2019 levels. For the six months to June 30, consolidated revenues reached 155 million euros, 30.4 percent higher than a year earlier, though that was still down 10.6 percent compared to the same period two years ago. Revenues of...

4 hours ago

Business

Caravana poised for global growth following backing from Cho Ventures

Mexican artisanal brand Caravana, inspired by the ancient Maya culture, is targeting global expansion following investment from Cho Ventures, the purpose-driven private investment office founded by entrepreneur Tony Cho. Caravana was launched in 2011 by Jacopo “Jack” Lanniello with a focus on handmade ready-to-wear pieces, accessories, and...

5 hours ago

Fashion

Protective clothing: three revolutionary textile technologies

The upcoming trend will be protective clothing. This is a point on which many trend experts agree. So cocooning volumes and robust materials are in, but protective clothing doesn't stop at styling. FashionUnited has listed three recent textile technologies that aim to protect us. Highly buoyant swimwear By coating cotton with a three-component...

6 hours ago

More News

Fashion

CFDA announces dates for in-person 2021 Fashion Awards

The Council of Fashion Designers of America (CFDA) will be hosting its annual awards show on November 10, marking the ceremony’s return to the physical form. The event, which usually takes place in the early days of Summer but was pushed back due to Covid-19 concerns, is one of the first major fashion events to announce its return to an...

1 hour ago

Business

Alibaba earnings down as China tech giants face turmoil

Shanghai - Chinese e-commerce leader Alibaba Group said Tuesday that it posted lower profit but maintained steady revenue growth, indicating that a government crackdown on the country’s tech giants was having little impact on its core business. Alibaba said its net income in the April-June quarter came in at 45.1 billion yuan (7 billion...

2 hours ago

Fashion

SS22: the 5 trends not to miss

The resort and spring-summer 2022 collections have showcased a large amount of trends that are worth keeping an eye on. Whether it’s fabrics, cuts, colours or entire silhouettes, there are endless options to consider - and hunting them down can be overwhelming. FashionUnited has narrowed down the five key takeaways from both the menswear and...

3 hours ago

Fairs

Pitti Uomo announces dates for 2022 event

Menswear trade show Pitti Uomo will continue to take a cautious approach to the opening of its doors next year, announcing another three day event instead of its usual four days. The most recent edition in June saw the prestigious trade show welcome the public in a format that was significantly reduced compared to the previous pre-pandemic...

4 hours ago

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