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S.Africa's Steinhoff gains court approval for debt restructure, shares tumble
Steinhoff International said on Wednesday it had received approval from a Dutch court for a debt restructuring plan, paving the way for resolution of an accounting scandal that brought down the retailer.
Fashion
Zara founder Ortega buys Dutch warehouse for $115 million
Spanish businessman Amancio Ortega, the founder of Zara owner Inditex, has bought a warehouse in the Netherlands for 105 million euros ($115.4 million), his private investment firm Pontegadea said on Wednesday.
Fashion
Paris dazzles with chic, casual fashion from Botter, Hed Mayner and Lemaire
On the second day of the Paris fashion shows, Botter, Hed Mayner and Lemaire showed off their cutting and construction skills, hiding highly sophisticated creations behind casual silhouettes.
Fashion
Matalan hires Retail and Supply Chain execs as its Ops Director moves on
Value omnichannel fashion and homewares retailer Matalan has made two key senior executive appointments with Phil Hackney joining as Chief Supply Chain Operations Officer and Katherine Davis as Chief Retail Officer.
Fashion
The Kooples: MD Marie Schott leaves, Anne-Laure Couplet takes over
Managing Director Marie Schott left The Kooples at the beginning of the week. Anne-Laure Couplet, former CEO of Burton and Paule Ka, is taking over from her as head of the label owned by the MF Brands group.
Fashion
Paris showcases creative richness with Burk Akyol, Valette Studio, Etudes Studio
The menswear fashion week opened in Paris on Tuesday with interesting collections by Burk Akyol, Valette Studio and Etudes Studio, giving a foretaste of what seems like a promising programme.
Fashion
Adena opens first travel boutique for Monsoon
Hot on the heels of its debut in Islington, Monsoon on Wednesday opened a store in London’s Waterloo Station.
Fashion
Vans announces key new 'pinnacle category' called OTW
Vans has big news this week, revealing its new pinnacle category, OTW by Vans. This is “where elevated product and brand experiences come together with art, design, style, skate culture and entertainment”.
Fashion
Tencel and Amy Powney choose Fashion Reimagined finalists
Lenzing’s Tencel and its ambassador — Amy Powney of Mother of Pearl — have revealed the five finalists of design contest ‘Fashion Reimagined’, showcased as part of the ‘Best of GFW’ Catwalk at Graduate Fashion Week.
Fashion
Smiley partners with Space Runners for digital-to-physical NFT launch
Smiley has linked up with fashion tech platform Space Runners to launch a collection of NFTs tied to physical products. It’s Smiley’s first move into NFTs and merges tech with real merchandise.
Fashion
REI Co-op opens second Re/Supply store in the U.S.
U.S. outdoor retailer REI Co-op will open a second Re/Supply store dedicated to used gear and apparel in Clackamas, Oregon in late August 2023.
Fashion
Shein launches first EvoluShein collaboration with global pop star Anitta
Chinese fast-fashion giant Shein has teamed up with global pop star Anitta to launch its first product collaboration as part of its EvoluShein by Design initiative.
Fashion
Louis Virginian: Pharrell debuts at Vuitton with Minecraft mode
Pharrell Williams took over the center of Paris Tuesday evening for his debut runway show for Louis Vuitton, staged open air on Pont Neuf painted gold damier for one night.
Fashion
VF Corp has chosen Bracken Darrell as its new CEO
The American giant that owns Timberland, The North Face and Vans has announced this surprising appointment and reorganised its management board. Bracken Darrell has been CEO of electronics company Logitech since 2012.
Fashion
H&M workers in Spain protest, call strikes to demand higher pay
Dozens of H&M shop workers on Tuesday protested outside one of the Swedish fast fashion giant's stores in central Madrid to demand higher pay and lighter workloads, forcing the store to close for a few hours.
Fashion
More big share buys for Frasers Group - this time it's Boohoo and Currys
Will Frasers Group ever stop buying business or snapping up stakes in other companies? At the moment it seems unlikely and its latest buys this week are stakes in Boohoo Group and electricals retailer Currys.
Fashion