Alibaba’s breakup lifts hopes China’s regulatory winter is thawing By Reuters Alibaba Reuters The Jack Ma Its Hong Kong-listed shares closed up 12%, tracking a rally in its U.S.-listed shares overnight , and giving the group a market value of…
Luxury handbag resale site Saclàb raises €1.6 million Translated by Nicola Mira Saclàb, the German resale site specialised in pre-owned luxury handbags, founded in 2018 by Alexandra Stück and her brother Jan-Oliver, has recently completed a first funding round worth…
SMCP doubles net income in 2022, results driven by Europe, North America Translated by Nicola Mira The SMCPSandroMajeClaudie PierlotFursac SMCP’s labels experienced strong growth in France in 2022 – Claudie Pierlot The group’s net profit in January-December 2022 amounted to…
True Religion launches new loyalty programme to boost DTC growth By Fibre2Fashion American denim and sportswear brand True Religion True Fam offers a three-tiered loyalty programme that allows members to earn and redeem points across all consumer touchpoints, including in-store,…
Zalando to cut several hundred jobs worldwide Translated by Cassidy STEPHENS Online fashion retailer Zalando Shutterstock The German group will launch “a programme to reduce several hundred positions within the teams”, the management of the online fashion retailer said in…
Zalando and Copenhagen Fashion Week finalists Translated by Cassidy STEPHENS Zalando The three finalists: TG Botanical, Selam Fessahaye and Stamm. – Zalando The winner will receive 20,000 euros in prize money and get the chance to design an exclusive capsule…
Nike Re-Creation programme rolls out to London, Paris to follow Nike The Nike Re-Creation London collection created in collaboration withGreater Goods founder/designerJaimus Tailor Launched in Los Angeles last May, the recycling programme collects local obsolete product that’s re-created locally into…
Vuori reveals new C-suite appointments U.S. activewear brand Vuori announced on Tuesday the hiring of four C-suite executives including its chief operations officer, general counsel and corporate secretary, chief people officer, and chief information officer. Vuori The Encinitas, California-based company said the…
Adidas unveils new label, just a day after Jenna Ortega is named its ambassador WellAdidas Adidas Sportswear It’s called Adidas Sportswear and “complements” the brand’s Performance and Originals labels. The new line “aims to level up the wearer’s everyday look…
Athleta opens in Soho Activewear brand Athletaas part of ambitious retail expansion plans. Athleta opens in Soho. – Athleta Spanning 5,000 square feet, the Gap Similarly to other Athleta locations, customers will also have access to a Soho community space…
