Rocket Internet responded to investor calls to use some of its 2.1 billion euro cash pile on Thursday with a plan to buy back shares worth up to 150 million euros, 3.6 percent of its outstanding stock.
The Messe Frankfurt textile event is expecting 1,850 exhibitors from 17th to 20th September at Paris' Parc du Bourget, where it will be introducing new initiatives including a trade show focusing on leather.
Suit label Suitsupply is targeting further global expansion for its sister label, Suistudio. The womenswear concept recently unveiled branches in Frankfurt and Milan and plans to land in Paris later this year.
Europe's biggest pure online fashion retailer trimmed its sales and profit outlook for the full year after quarterly results fell short of analyst expectations even though it reported a record number of customers.