Clemenza, ex-general manager of Krizia and a strategic pick by private equity firm Armònia SGR, in control of the label since 2017, is tasked with stepping up the pace of its structuring and commercial development.
It looks like JD Sports’ £90 million acquisition of troubled smaller peer Footasylum isn’t going to go through easily with news that the Competition and Markets Authority wants a more in-depth look at the deal.
River Island has reported declining profits for its 2018 financial year with operating profit down to £35 million from £80 million a year earlier. Revenues dropped too, falling by £25 million to £919 million.
Esprit’s problems are continuing with the Hong Kong and Germany-based firm reporting another set of weak results, although they were better than predicted and the company thinks it's on the right track.
The maternity apparel retailer has announced that it is considering strategic alternatives, including a potential sale, following a rough second quarter that saw a significant dip in the company’s revenues.
The womenswear label, which usually shows in London, made its Milan debut with a commendable collection that was both dapper and delicate, introducing a new line of bags as well as the brand's first menswear pieces.
The brand has launched a new collection designed for different body types. The addition will solve frequent fit issues such as trousers that are too tight around the thighs, fabric ripping and “saggy bottoms”.
Zalando has launched a pilot scheme aimed at using less single-use plastic bags. The alternative is reusable packaging, which can reduce carbon dioxide emissions by up to 80%, according to the company.