Valentino’s Full-Year Sales Fall 3 Percent
The results help to explain owner Mayhoola’s decision to shake up the brand’s aesthetic direction by hiring former Gucci designer Alessandro Michele.
Nick Beighton
Why Frasers Group Shuttered Matchesfashion
In the latest blow to the luxury e-commerce sector, the embattled Matches is closing down just over two months after being acquired by Frasers Group as relationships with brands have reportedly soured.
Ex-Asos Chief Nick Beighton to Lead MatchesFashion, Replacing Paolo De Cesare
Beighton is the fourth CEO to run the luxury e-tailer in less than five years as its private equity owners struggle to improve performance.
Can Asos Handle Fast Fashion’s Headwinds?
The abrupt departure of the fast fashion e-tailer’s CEO alongside a warning profits could fall sharply this year have raised the stakes for the company’s strategy update next month.
Asos Sticks to Full-Year Guidance Despite Profit Plunge
The British online retailer reported an 87 percent drop in first-half pretax profit on Wednesday, in part due to logistical challenges in the US market.
Asos Maintains Full-Year Outlook After December Profit Warning
The e-tailer will cut prices and raise marketing spending in France and Germany, and look to improve its US business after unexpectedly high demand there caused significant dispatch backlog.
Asos CEO on the Next E-Commerce Frontier
As the next big e-commerce battle begins, Asos chief executive Nick Beighton finds himself in a race to build the best ‘conversational interfaces’ and turbo-charge customer experience with AI.
Asos Boosts UK Sourcing After Pound’s Brexit Fall
Asos Plc, Britain’s largest online-only fashion retailer, plans to double its UK manufacturing as the pound’s post-Brexit plunge makes domestic production more affordable.
Asos Shares Slump as Sales Growth Forecast Disappoints Investors
Asos Plc shares tumbled the most in almost four months as the sales growth forecast from the UK’s largest online-only fashion retailer disappointed investors.
The News in Brief
TikTok’s Crackdown on Ozempic Influencers Threatens Weight-Loss Drug Hype Machine
The social media platform will effectively ban most weight loss-related content from appearing on its app starting next month, according to a sweeping new set of community guidelines published on its website last week.
Vivienne Westwood’s Personal Wardrobe To Be Auctioned
A taffeta ball gown with the span of a light aircraft is one of the more magnificent items to go on sale at Christie’s in June as part of an auction of the personal wardrobe of Dame Vivienne Westwood.
Valentino Chairman Bets Quiet Luxury Is Over After Michele Hire
The fashion industry’s era of so-called quiet luxury is over and affluent consumers will want bold designs again, the chairman of Valentino has predicted.
Marcelo Burlon Steps Down as Creative Director of Namesake Brand
Burlon, a former DJ, stylist and PR, founded the Milan-based label as a T-shirt line in 2012, inspired by ‘90s club culture.
Designer Nancy Gonzalez Sentenced to 18 Months in Exotic Skin Smuggling Case
The Colombian designer, whose bags have been worn by celebrities and featured on shows like Sex and the City, previously pled guilty to illegally importing millions of dollars of crocodile and snakeskin handbags into the US.
The Wealthy are Less Willing to Spend on Sustainable Products
Millennial and Gen-Z respondents were among the most likely to pay a premium for environmental-friendly practices.
Express Files for US Bankruptcy Protection, to Close Over 100 Stores
Fashion retailer Express Inc has filed for Chapter 11 bankruptcy in the United States and intends to close more than 100 stores, it said on Monday.