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.
Unilever, P&G and other major consumer goods manufacturers are touting lower-priced brands and discounts to woo penny-pinching shoppers struggling through the most severe global recession since the Great Depression.
Yves Saint Laurent Beauty has launched a programme called Abuse is Not Love as it works to “help eliminate intimate partner violence which includes physical, sexual, emotional abuse as well as controlling behaviours”.
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.
Filmed in a Monaco stadium, Hedi Slimane unveiled his spring/ summer 2021 collection for Celine with a runway show that mixed bourgeoise-style silhouettes with sporty, casual looks straight out of American campuses.
The London start-up has raised £0.5m “to power sustainable product verification” at a strong time for its business model after supply chain scandals and as consumers aim to buy more ethical and sustainable products.
Luxe label Canali has opened its new flagship on the corner of New Bond Street and Brook Street. The opening coincides with its 85th anniversary with Canali saying it “marks an exciting new chapter for the brand”.
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.