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Supermarket retailer Ahold shelves plan to spin off Bol.com
Supermarket major Ahold Delhaize said on Wednesday it was postponing plans for an IPO of its non-food retailer, Bol.com, because of unfavourable market conditions.The group had planned to list Bol.
Fashion
Retail
Swiss firm Archroma to acquire Textile Effects business of Huntsman
Archroma has announced it has entered into a definitive agreement to acquire the Textile Effects business from Huntsman Corporation, an American multinational manufacturer and marketer of chemical products.
Fashion
Industry
Capri Holdings and Ralph Lauren see strong Q1 demand, but profits are hit
Results on August 9 showed Ralph Lauren and Capri Holdings (owner of Michael Kors, Versace and Jimmy Choo) beating Q1 earnings estimates on buoyant demand for luxury as affluent shoppers shrugged off inflation.
Luxury
Business
Delta Apparel sees 7% growth in net sales in Q3 FY22
Delta Apparel, a leading provider of core activewear and lifestyle apparel products, has announced net sales of $126.9 million in Q3. Net sales in the Delta Group segment grew 3% to $106 million.
Fashion
Business
Design
Fashion innovator Issey Miyake dies at 84
Japanese fashion designer Issey Miyake, whose global career spanned more than half a century, has died aged 84 of cancer, it emerged on August 9.
Fashion
Design
Finland’s Marimekko to launch marketplace for second-hand goods
Finnish lifestyle design company Marimekko is planning to launch a community-driven marketplace for its vintage and second-hand goods, Marimekko Pre-loved, on August 25.
Fashion
Design
Dolce & Gabbana champions promising young British designer Matty Bovan
Domenico Dolce and Stefano Gabbana, with their luxury label's style department, are working with Bovan to develop his Spring/Summer 2023 collection, which will première on the Milanese runways next September.
Luxury
Design
The Lycra Company partners with Browzwear
Sustainable fiber and technology solutions firm the Lycra Company announced on Tuesday a partnership with Browzwear, the industry's leading 3D software for apparel design and development.
Fashion
Industry
Appointments
Primark creates customer chief role, names Michelle McEttrick to post
Primark has named Michelle McEttrick to the new Chief Customer Officer role, “to develop the Primark brand and customer strategy as the business continues its expansion across new markets, channels and products”.
Fashion
Appointments
Tapestry names Scott Roe to dual role of CFO and COO
Tapestry, the owner of Coach, Kate Spade, and Stuart Weitzman, has given Scott Roe, its current chief financial officer (CFO), additional responsibility as chief operating officer (COO) of the company.
Luxury
Appointments
JD Sports confirms Al-Futtaim's Schultz as CEO
JD Sports Fashion on Tuesday confirmed that Régis Schultz has been appointed as its new CEO “following an extensive executive global search process” and after speculation last week that he would be named to the post.
Fashion
Appointments
Jack Ma may have plans to give up control of Ant Group
Chinese billionaire Jack Ma plans to give up control of financial technology company Ant Group Co in an effort to move away from affiliate Alibaba Group Holding Ltd, the Wall Street Journal reported on Thursday.
Fashion
Appointments
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