The London-based couturier best known for its curve-hugging “Galaxy” dress has entered administration as the market for high-end occasion-wear continues to struggle, BoF has confirmed.

A surge in online shopping has dampened the size of traditional Black Friday crowds in recent years, but concerns over supply shortages are expected to lead to queues this year.

The Chinese e-commerce platform is facing a challenging environment as shoppers have returned to stores and Chinese authorities are cracking down on large tech companies.

The up-and-coming beauty retailer recently acquired the makeup brand, though no other details have been revealed about the deal.

Pakistan’s largest e-commerce retail platform Daraz aims to host up to 300,000 small to medium enterprises (SMEs) in two years, to bolster its position in its home market in the face of potential competition from global giant Amazon.

China’s domestic luxury resale market was valued at 51 billion yuan ($8 billion) in 2020 and its total value will exceed 208 billion yuan ($32.75 billion) by 2025, with a compound annual growth rate (CAGR) of 32.5 percent.

Big retailers are feeling the pressure from supply chain disruptions and rising costs.

This year’s European Fashion Accelerator (EFA), a platform promoting young Central European designers, was held in Prague and featured nine designers under the age of 28.