H&M Group is diving deep into fashion rental and is now testing subscription rental in China though its innovation department The Laboratory, as well as its COS label and Chinese subscription rental company YCloset.
Primark owner Associated British Foods issued one of the briefest trading updates we’ve seen on Friday — ahead of its annual general meeting — and it didn’t really tell us much about how trading is going at present.
Iconix Brand Group founder and former CEO Neil Cole has been charged with accounting fraud, while the former chief operating officer has pleaded guilty to related charges and is cooperating with authorities.
The founders of Boohoo have pocketed £142.5 million after selling a chunk of their shares to take advantage of the company's market gains over the last year. After the placing, they continue to own 15.8% of the business.