The American owner of stores including Foot Locker and Runners Point has announced revenue of $7.55 billion for 2020, down 5.7% from the previous year, while the company's net earnings fell 34% to $323 million.
John Lewis Partnership has been quietly opening John Lewis department store concessions in its Waitrose supermarkets. And while only a few have opened so far, it's reportedly planning to speed up this process.
In The Style Fashion Limited has formally announced its intention to float on AIM — the same market of the London stock exchange that hosts the listings for ASOS and Boohoo. Its shares should debut on March 17.
Ethical footwear brand Allbirds has invested $2 million into a material innovation firm, Natural Fiber Welding, and the result is what it claims to be the world’s most sustainable leather alternative for fashion.
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.