British sportswear and clothing retailer Frasers stuck to its financial guidance for 2022-23 after reporting a 39 percent rise in first-half profit that reflected the success of its drive to take the group upmarket.

Clothing retailers such as Express and Gap that stashed away mountains of unsold basics during the coronavirus pandemic now are slashing prices on clearance merchandise in a last-ditch effort to clear clothing racks.

Éric Pfrunder, a close associate of Karl Lagerfeld who helped shape Chanel’s image for decades, has died “following a long illness,” the brand said.

The group, best known for its everyday cashmere outfits, now expects its revenues to grow around 28 percent in 2022 from a previous forecast of around 25 percent made in October.

Global sales of high-end fragrances began to pick up during the pandemic and have been gathering steam during the past year.

The software company powers resale for brands including Oscar de la Renta, Sandro and The North Face, among others.

Fast-fashion giant Shein will spend $15 million upgrading hundreds of factories after an investigation found that two of its suppliers’ warehouses are flaunting local working-hour regulations.

The brand had already suspended Irving on Nov. 4 after the NBA player shared a link to film with anti-semitic views and initially refused to apologise for his actions.