Business

Boohoo shareholders vote against Frasers' proposal to remove co-founder

The shareholders of Boohoo Group have voted against a proposal to remove co-founder, Mahmud Kamani, as a director of the fast fashion company. A total of 63.17 percent voted against the resolution, as opposed to 36.83 percent voting for it. The proposal had been brought forth by Frasers Group, a majority shareholder in Boohoo, which had called...

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China's luxury market: Challenges from last year to continue into 2025, ‘flattish’ performance forecasted

A new report by Bain & Company has suggested that “China’s luxury market failed to maintain its previous growth trajectory” throughout 2024, after it experienced an "unexpected and sharp deceleration that worsened throughout the year”. In the report, entitled ‘2024 China Luxury Goods Market’, it was stated that the mainland luxury market saw a...

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Eyewear brand Ahlem appoints Thelios executive as CEO

Los Angeles-based luxury eyewear brand Ahlem, known for its handcrafted frames and sustainable ethos, has appointed Enrico Sanavia as its global chief executive officer. Sanavia is a seasoned executive within the luxury eyewear industry, joining from Thelios, the eyewear division of LVMH Group, where he served as head of Americas and was...

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Fairs

Who's Next to expand into sourcing and design reflecting strong French fashion industry

The atmosphere at the Who's Next trade show at Paris’ Porte de Versailles, which ran from 18 to 20 January 2025, was one of solidarity across all generations of the French fashion industry. This unity allows its organiser, WSN Développement, to envision expanding its scope into material sourcing and design. For its January 2025 edition,...

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