LVMH-Backed L Catterton Agrees to Buy Majority Stake in Kiko
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
Amesh, the London-based label founded by Sri Lankan designer Amesh Wijesekera, will receive mentorship and support from Slam Jam, as well as PR and brand consulting services from communications agency Reference Studios.
Zalando’s growing Connected Retail ecosystem offers retailers access to its platform in eight major markets at no cost, expanding its product assortment and localised service capabilities in the process.
Zalando added more than one million customers during the sales period with gross merchandise volume growing by 35 percent.
The online fashion retailer said it will waive commissions until the end of March to help new brick-and-mortar additions.
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The co-retailing space will offer off-the-shelf amplification packages to its temporary tenants, including built-in social media strategies, event activation, product staging, as well as customer engagement technology and visitor analysis.
The co-retailing space will offer off-the-shelf amplification packages to its temporary tenants, including built-in social media strategies, event activation, product staging, as well as customer engagement technology and visitor analysis.
The German suit maker reported a better-than-expected third-quarter operating profit of €15 million ($17.52 million).
The German sportswear company's quarterly sales rose by 13 percent to €1.58 billion ($1.87 billion), beating forecasts for €1.56 billion.
The app includes a virtual dressing room to help buyers easily judge whether a garment will be the right size for them.
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The German e-tailer's former art director accused the company of failing to respond to complaints in 2018 about employees who resisted booking Black models.
The German e-tailer said it saw a 27 percent rise in revenue to €2.03 billion.
Europe’s largest e-tailer estimates earnings could reach a record €300 million this year due to a lockdown-induced surge in online shopping.
Shares in online fashion retailers Zalando and ASOS jumped as coronavirus lockdowns accelerate a shift to e-commerce.
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
The company confirmed in January that it planned to restart activities in Venezuela in the first half of 2024 with local partner Grupo Futura.
The move means Shein could be liable for fines of as much as 6 percent of global revenue for violating the law, designed to curtail the spread of illegal content online.
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Unilever Plc sales jumped more than expected in the first quarter as Chief Executive Officer Hein Schumacher pushes ahead with his turnaround plan and shoppers come back to premium brands.
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.