Matchesfashion's CEO of just a year has stepped down with immediate effect. Ajay Kavan has left the firm and director Maureen Chiquet has taken on the role of executive chairwoman as the company looks for a new leader.
If anybody needed confirmation of how important fashion resale has become, it came on Monday with the announcement by France’s Vestiaire Collective of a new €178m financing round backed by Kering, among others.
Failed upscale menswear retailer Pink Shirtmaker is set to make a return. The LVMH-owned brand, which went on the block before Christmas, has been bought by Nick Preston, a former JD Sports Fashion trading director.
Selfridges had already flagged the fact that its sales rose and its net profits fell in the year to February 2020, but it has now officially filed its annual results and the full extent of that performance can be seen.
Serious editors had to open Sunday watching an MM6 show video in Milan, tune into New York for Tom Ford’s latest ideas, and finish in Paris, where Sonia Rykiel unveiled its first collection since insolvency in 2019.
A study in contrasts on Saturday morning at Milan Fashion Week, as two key fashion marques played against their reputations. Giorgio Armani showing evening ideas but as daywear, Sportmax revolutionizing its DNA.
After the announcement by Hugo Boss that Chris Hemsworth would go from fronting fragrance to become the key international face of the Boss brand from SS21, it has unveiled its first fashion campaign featuring the actor
Like many other online fashion retailers, Farfetch saw soaring demand last year and said on Thursday that its 2020 gross merchandise value topped $3bn, up 49% year-on-year. Meanwhile revenue rose 64% to $1.7bn.
It looks like the long rumoured private equity takeover of family-owned Birkenstock could actually be happening soon. L Catterton, the group with close links to LVMH, is said to be “nearing an agreement” to buy it.
The American brand founded by Ronnie Fieg is opening a store in the French capital. Spread over three floors, the 16,000-square-foot location not only offers the label's latest collections, but also a restaurant.
There was a notable French touch at London Fashion Week this weekend, with shows from Stephen Jones, Bianca Saunders, Bethany Williams, N Palmer, 16Arlington, Preen by Thornton Bregazzi, Art School and Jamie Wei Huang.
One true test of any great artist, or significant designer, is whether or not they have an identifiable signature style. One of many reasons that Molly Goddard has become one of the most important creators in UK fashion.