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Business

Pandemic hurts Wolford, but debt-free firm is on recovery trail

Pandemic hurts Wolford, but debt-free firm is on recovery trail

Wolford released its delayed results for its shorter fiscal year late on Wednesday and while it swung  to a profit, the upscale hosiery and bodywear firm also talked of “significant business losses” due to the pandemic.
Fashion
Business
Ferragamo sees sales growth, loss reduction in Q1

Ferragamo sees sales growth, loss reduction in Q1

In Q1 2021, the Italian luxury label reported a better-than-expected net loss of €0.6 million, down from €41 million YOY, as business was “volatile” owing to the Covid-19 pandemic.
Luxury
Business

Secondhand fashion e-tailer Vinted raises €250 million from investors

Vinted is minted and is about to embark on a major growth initiative. The business, which claims to be the largest online C2C marketplace in secondhand fashion across Europe, has secured €250 million in new funding.
Fashion
Business

Safilo enjoys good Q1 as e-tail and new brands shine

​Eyewear giant Safilo has reported that sales in the first quarter rose 20% at constant exchange rates to reach €251.4 million. Online sales, new licenses and the US and China all boosted the company.
Fashion
Business

Design

ITS competition opens entries for 2021 edition

ITS competition opens entries for 2021 edition

Registrations have opened for ITS 2021, a competition dedicated to young design, based in Trieste. Scheduled for October, the contest will feature a new digital prize this year. Registrations close on June 24.
Fashion
Design
Louis Vuitton creates trunk for Monaco Grand Prix trophy

Louis Vuitton creates trunk for Monaco Grand Prix trophy

Louis Vuitton has created the trunk for the Monaco Grand Prix trophy, as part of a linkup with the Automobile Club of the Principality ahead of the Formula One Grand Prix there on May 23. 
Luxury
Design

ModaLisboa calls for community spirit, sustainable design in fashion week’s first online edition

The Lisbon fashion week fêted its 30th anniversary with a digital event held on April 15-18, showcasing collections by 25 labels and designers and generating more than 15,000 website visits.
Lifestyle
Catwalks

French Federation planning live Paris menswear shows this summer

The Federation de la Haute Couture et de la Mode confirmed Friday that it is planning to host live catwalk shows in Paris this summer, during the upcoming menswear season in June.
Fashion
Catwalks

Appointments

Prada sets succession process in motion as Lorenzo Bertelli joins board

Prada sets succession process in motion as Lorenzo Bertelli joins board

The Italian label has convened an AGM to renew its board of directors, which is set to co-opt the son of CEOs Miuccia Prada and Patrizio Bertelli, whose respective remuneration package was also disclosed.
Luxury
Appointments
Puma: Benoît Menard named regional marketing manager Europe

Puma: Benoît Menard named regional marketing manager Europe

Menard, who joined Puma France as head of marketing communications in 2018, is moving to the German sport brand’s headquarters in Herzogenaurach as the new regional marketing manager Europe.
Fashion
Appointments

KCD Paris taps James Deeny as vice-president

KCD Paris announced on Monday the appointment of James Deeny as vice-president public relations.
Fashion
Appointments

PacSun announces new co-CEOs, president

Teen apparel brand PacSun announced on Friday several leadership changes where Alfred Chang, PacSun president, and Michael Relich, interim CEO of PSEB Group, will be elevated to co-chief executive officers. 
Fashion
Appointments

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