As of last month, Temu accounted for nearly 17 percent of market share in the United States within the discount stores categories, according to data analytics firm Earnest Analytics.

Petit Ami's recent projects include a showroom for Mugler, where clothes floated through the air in an echo of the brand’s September runway show, and scenography for an exhibition at the Villa Noailles showcasing garments by Y/Project and Diesel creative director Glenn Martens.

Alibaba Group president J. Michael Evans has resigned from Farfetch’s board, the luxury e-tailer disclosed in a regulatory filing Wednesday.

The statement was the latest sign that federal regulators are scrutinising the increasingly popular form of consumer credit.

Dozens of well-known brands including H&M and Zara are identified as being at high risk of sourcing materials made by Uighurs compelled to participate in state-imposed labour.

The Middle East region’s secondhand luxury sector is growing slower than in other markets’, with interest in sustainability still nascent among consumers and cultural stigma remaining around pre-owned items, according to a report by the Dubai-based retail giant.

Deutsche Bank AG downgraded the fast-fashion merchant to sell from hold as part of a gloomy assessment of the wider European retailing scene.

It’s at a valuation roughly 11 percent lower than the price ByteDance offered to investors in 2022, which would still place it among the 40 most valuable public companies in the world.