Boohoo cuts ties with UK supplier after claims of overtime work
Boohoo Group Plc said it has stopped working with a UK supplier after allegations that staff at the warehouse were forced to work overtime.
Boohoo Group Plc said it has stopped working with a UK supplier after allegations that staff at the warehouse were forced to work overtime.
Faced with weakening demand, the luxury goods market is increasingly becoming “a game for the big players,” said Rachid Mohamed Rachid, head of Qatari investment fund Mayhoola and president of Valentino and Balmain.
Paris couture week throws up lots of remarkable options, from Elie Saab Casbah couture with a mini J Lo fashion riot, to rampant experimenting at Clara Daguin, to Guillaume Henry’s finest statement for Patou.
The Carlyle investment fund is keen to find a buyer for Italian ready-to-wear label Twinset, in which it has held a 100% stake since 2017, and has put Rothschild in charge of the operation.
Superdry announced weak H1 results on Friday along with news that trading continues to be challenging and that it's replacing its CFO with an interim finance chief taking over this month.
1017-ALYX-9SM’s partnership between co-founder Matthew M Williams and Hong Kong entrepreneur Adrian Cheng has been taken a step further with a new strategy in its 10th anniversary year.
Italy's Tod’s Group said revenues grew 11.9% to 1.12 billion euros for the full-year ending December 31, with Greater China and Japan noted as star performers in 2023.
Luxury group Aeffe announced on Thursday revenues for the full-year 2023 fell 9% at constant rates to 319 million euros, hit by heavy sales declines in Europe and America, partially offset by Asia growth.
Salvatore Ferragamo sales dropped by 8.1% at constant currencies last year, prompting Chief Executive Marco Gobbetti to warn that hitting turnaround goals could take longer than anticipated.
Boston-based private equity firm Yellow Wood Partners announced on Thursday that its portfolio company, Suave Brands Company, is set to acquire the ChapStick brand from Haleon for $430 Million.
The funding will be channeled towards establishing a foothold in North America, with plans to debut in Sephora Canada in March 2024, followed by the brand's U.S. entry in 2025.
Officina Profumo-Farmaceutica di Santa Maria Novella announced on Thursday the appointment of luxury brand veteran Giovanna Paoloni as its new chief executive officer.
Maison Margiela completed the Paris haute couture season on Thursday night with a sensational collection by John Galliano and a spellbinding show – a vision of Paris that would have delighted Balzac or Victor Hugo.
Levi Strauss & Co. slumped after announcing it will cut as much as 15% of its corporate workforce to boost efficiency.