Prada defied difficult market conditions in the luxury sector thanks to Miu Miu. Despite the uncertain global economic situation, the Italian fashion group Prada continued to grow in the first quarter. The company announced on Wednesday that the group generated sales of 1.34 billion euros in the period from January to March. This was 13 percent...
8 hours ago
Today, the board of directors of BasicNet spa reviewed the group's performance as of March 31, 2025. Based on the figures, aggregate sales of products bearing the group's brands, developed worldwide by the network, totalled 268.8 million euros, compared to 261.2 million euros for the first three months of the previous year (plus 2.9 percent)....
A dramatic turn of events in the ready-to-wear world: Jennyfer filed for compulsory liquidation with a commercial court in France on Wednesday, April 30, 2025. The French brand had emerged from receivership in June 2024. The new managers, former executives Yann Pasco and Jean-Charles Gaume, had pledged to revive the brand through an investment...
9 hours ago
The Chinese fashion group Lanvin Group Holdings Limited had to accept significant sales losses and a significantly higher loss in the 2024 financial year. This is according to the current annual report presented on Wednesday by the parent company of the Lanvin, Wolford, St. John, Sergio Rossi and Caruso brands. “2024 was a transitional year for...
The global fashion industry is confronting a significant upheaval as newly imposed U.S. trade tariffs. As a consequence, brands and retailers anticipate average price increases of 20 percent, according to an exclusive survey by Joor, a leading wholesale management platform. Conducted between April 10 and 20, 2025, the Joor Tariff Survey...
Filippa K has a new owner. OJ Holding Sweden AB, the parent company of Oscar Jacobson, acquired Filippa K from Novax, the company announced this in a press release. Here, it was emphasised that Filippa K will continue to operate as an independent label within the group. The financial terms were not disclosed. Filippa K was founded in 1993 and...
29 Apr 2025
The White House on Tuesday slammed Amazon over reports it would soon tell consumers how much US President Donald Trump's tariffs have contributed to the price tag on its goods. "This is a hostile and political act by Amazon," Press Secretary Karoline Leavitt told reporters during a briefing in Washington. "Why didn't Amazon do this when the...
Marketplace giant Amazon has teamed up with US department store Saks Fifth Avenue on a new multi-brand storefront, featuring a curation of luxury fashion and beauty brands that will now be housed under ‘Luxury Stores at Amazon’. Through the new partnership, Amazon Fashion customers can now browse and shop a selection of women’s and men’s...
A number of established brands and fashion groups have joined in the second cohort of the Ellen MacArthur Foundation’s The Fashion ReModel project. Among the new names are sportswear retailer Decathlon, British department store John Lewis and US luxury group Tapestry. Secondhand marketplace Ebay and Colombia textile manufacturer Crystal S.A.S...
Amsterdam-based textile innovation studio ByBorre launched the Textile Room, a digital platform that offers designers worldwide access to configurable fabrics. The Textile Room features 20 directly customisable textiles within the studio's AO3 and 3D-knit structures. Designers can configure colour combinations, pattern repeats, and texture...
Ixi, a Finnish startup centred around ‘autofocus’ eyewear, has announced the closing of a Series A funding round amounting to 36.5 million dollars. The investment, led by London-based investment fund Plural, is intended to aid in the product development of Ixi Adaptive Eyewear, with the goal of establishing commercial operations. Additional...
Sportswear retailer Gymshark welcomed a strong revenue growth for FY24, recording an increase of 9 percent per annum which amounted to 607.3 million pounds. While its “active trading stance” and “vibrancy of the brand” were cited to have aided in the uptick, such instances were unable to help profit, which continued on a downward trend. For the...