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Chinese fashion labels, including Shang Xia, Icicle, and Fosun Fashion Group, are embracing Paris as a springboard for their international ambitions, opening flagship stores in the city and hiring French designers to burnish their credentials. Chinese…
Hong Kong-listed apparel brand Esprit has appointed an experienced lawyer as its new COO to help continue to drive the brand’s renaissance. After four years of rolling losses exceeding US$1 billion, Esprit issued a shock profit warning last month projecting…
Amid difficult times for traditional offline retailers, Amorepacific is charting a new course for its operations across many of its most important brands. The goal is not simply to adapt to the so-called New Normal, but to embrace it with new and meaningful…
Tiffany & Co. announced today that powerhouse couple Beyoncé and JAY-Z will star in its latest campaign celebrating modern love. Synonymous with the world’s greatest love stories since 1837, Tiffany’s debut of “ABOUT LOVE” marks the latest evolution of the…
Authentic Brands has cemented its position as a major player in American retail after what one analyst described as a “massive acquisition” – the successful $2.456 billion bid for Reebok. Adidas confirmed the sale overnight after six months of negotiations…
Apparel retailer Esprit says it is on track to record its first profitable half year since the second part of 2017. In a positive profit alert filed with the Hong Kong stock exchange the embattled retailer – which lost US$463 million in the six months to June…
Hong Kong-listed apparel retailer Giordano is back in the black after first-half sales rose 19 percent against the prior year – including 44 percent in the second quarter. Giordano, which now has 2094 stores across Southeast Asia, Greater China, and the…
Swedish multinational clothing retail company Hennes & Mauritz AB (H&M) has announced the opening of its first store in Cambodia next year, according to a press release issued in early July. The firm, however, did not disclose the specific date and location…
Change is afoot at Burberry. Since 2018, the British heritage brand’s Chief Creative Officer Riccardo Tisci has been reimagining the label with the goal of finessing its high-end luxury status. Working closely with CEO Marco Gobbetti, who recently announced…
French luxury group LVMH is acquiring a 60% stake in Off-White, the label of designer Virgil Abloh who has been responsible for Louis Vuitton’s men’s collections since 2018. LVMH reports that it has taken a majority stake in Off-White, the brand launched in…
London-based fashion favorite COS opened its first Philippine store on Friday, June 25, at SM Aura Premier in Taguig City. The store, located close to the main entrance of the Bonifacio Global City mall, houses both womenswear and menswear and features the…
Futurity Brands Limited announced today the appointment of Mr. Zhu Jianshi, as Chief Executive Officer of Futurity Brands China. Stan Wan, Futurity Brands Chairman and Group CEO, said: “After a rigorous search, the Board concluded that Mr. Zhu’s expertise and…
MadFish Wines has unveiled a bold and colorful new label to celebrate the brand’s 30th anniversary. Designed by South West multi-disciplinary visual artist Kyle Hughes-Odgers, known for using bright colors and bold shapes inspired by nature, the new label…
The firm said it would close all its stores “in a phased manner” between the end of August and the end of September. This includes 19 stores that were already scheduled to close in July as their leases were expiring. The company has not disclosed how many…
Fashion retailer H&M’s global sales growth slowed in the second half of June and the Swedish company took a sales hit in China after its concerns over alleged human rights abuses in Xinjiang led to a social media-inspired boycott by shoppers.` The world’s…
Fashion group Bauhaus saw turnover fall 58.1 percent to $47.9 million during the year to 31 March 2021, pushing gross profit down 55 percent to $31 million. The group was able to deliver a net profit result of $12.8 million – a vast improvement on last year’s…
