The pre-owned fashion market is forecast to grow worldwide by 15-20% per year until 2025, says a survey by BCG for resale specialist Vestiaire Collective, outlining the different profiles of the market’s players.
Premium online fashion platform Cudoni has secured £4.6 million backing from key international investors, claiming the amount is the largest ever raised for investment within a UK fashion resale business.
With more and more UK fashion store closures hitting the headlines, it’s refreshing news that Frasers Group’s luxury banner Flannels is continuing to open new stores as part of a major investment plan.
Struggling Quiz released results for the year to the end of March on Tuesday. And while they included only a few weeks hurt by the pandemic, they showed Quiz was already facing challenges before the current crisis.
The Belgian designer is taking his brand into women's fashion with a collection balancing minimalism with futuristic and psychedelic touches, as revealed alongside his latest menswear pieces in a moody, unsettling film.
SMCP, owner of brands including Sandro, said on Monday it would ramp up spending on advertising and focus store openings mainly on the Chinese market, pausing efforts elsewhere after years of rapid expansion.
Non-essential retailers in The Republic of Ireland have been warned against using health regulation loopholes to stay open. The government said it could enforce financial penalties to maintain regulations.
Adidas has teamed up with its long-term collaborator Pharrell Williams to launch a new football jersey collection with five leading European clubs: Arsenal, Bayern Munich, Juventus, Manchester United, and Real Madrid.
Frasers Group is continuing its acquisition spree among distressed brands in the UK and while it’s reported to be interested in Debenhams, the company is also said to be looking at Jaeger, Austin Reed and Jacques Vert.