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New Look recovery underway in Q1 after tough year

New Look recovery underway in Q1 after tough year

​Value fashion specialist New Look issued a trading update and its annual results on Tuesday and said it had made a “solid start to FY22 trading following store reopenings after [a] resilient FY21 performance”.
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Wolverine buys Sweaty Betty for almost £300m

Wolverine buys Sweaty Betty for almost £300m

​Premium activewear brand Sweaty Betty is being bought by US giant Wolverine for nearly £300. The 23-year-old London company has been a winner from the athleisure trend and this has boosted its value in recent years
Fashion
Foot Locker to buy shoe store chains WSS and Atmos for $1.1bn

Foot Locker to buy shoe store chains WSS and Atmos for $1.1bn

Foot Locker Inc will buy two smaller shoe store chains for a total of about $1.1 billion in cash, the footwear retailer said on Monday as it looks to expand its business beyond malls and extend its reach in Asia.
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Joules sales and profits rise in latest year as e-tail booms

Joules sales and profits rise in latest year as e-tail booms

​Joules reported its annual results on Tuesday and talked of a “strong performance underpinned by continued digital growth, the strength of the Joules brand, and increasing diversification of revenue streams”.
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Amazon warehouse workers overwhelmingly rejected a union. Now they may vote again

Amazon warehouse workers overwhelmingly rejected a union. Now they may vote again

A U.S. labor board official has recommended a rerun of a landmark Amazon union election in Alabama where employees had voted against making their warehouse the online retailer’s first to organize in the United States.
Fashion
Columbia Sportswear April-June sales exceeds pre-pandemic levels

Columbia Sportswear April-June sales exceeds pre-pandemic levels

Columbia Sportswear Company, a specialist in active outdoor lifestyle apparel and footwear, has exceeded its expectations with 79% sales growth to $566.4m in Q2 of FY21 compared to same period of 2020.
Fashion
Indian fabric manufacturer Raymond's Q1 FY22 sales shoot up 289%

Indian fabric manufacturer Raymond's Q1 FY22 sales shoot up 289%

Indian textile and apparel firm Raymond Limited's revenue shot up 289% to ₹862 crore in Q1 FY22 that ended on June 30, compared to revenue of ₹222 crore in the corresponding period of the previous year.
Fashion
Victoria's Secret's UK arm moves from administration to liquidation

Victoria's Secret's UK arm moves from administration to liquidation

The UK arm of lingerie retailer Victoria's Secret has gone into liquidation. It went into administration last year after sales plummeted during the Covid-19 lockdown.
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Cotton prices in India soar as demand rises & stock depletes

Cotton prices in India soar as demand rises & stock depletes

Strong demand from the cotton market and depleting stocks in addition to 10% import duty levied on cotton have collectively caused cotton prices in India to soar.
Fashion
Facebook's Kustomer deal may hurt competition, EU regulators say

Facebook's Kustomer deal may hurt competition, EU regulators say

Facebook's acquisition of U.S. customer service startup Kustomer may hurt competition and boost its market power in online ads, EU antitrust regulators warned Monday as they opened a major investigation into the deal.
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German retail sales jump for second month in a row

German retail sales jump for second month in a row

German retail sales increased much more than expected in June following an easing of Covid-19 restrictions, supporting a consumer-driven recovery in Europe's largest economy.
Fashion
Square to buy Afterpay for $29bn as buy now, pay later booms

Square to buy Afterpay for $29bn as buy now, pay later booms

Square, the payments firm of Twitter co-founder Jack Dorsey, on Monday said it has agreed to purchase buy now, pay later (BNPL) pioneer Afterpay, offering a 30% premium in a giant share-swap deal
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Guichot becomes SMCP chief as Lalonde quits for new opportunity

Guichot becomes SMCP chief as Lalonde quits for new opportunity

​Big change is coming at SMCP. On Monday, the Sandro, Maje, Claudie Pierlot and Fursac owner named Isabelle Guichot as its new CEO, to replace Daniel Lalonde who’s off to pastures new.
Fashion
Private equity firm CD&R prepares Morrisons counter-bid - report

Private equity firm CD&R prepares Morrisons counter-bid - report

Private equity firm Clayton, Dubilier & Rice (CD&R) is poised to start a bidding war for British supermarket chain Morrisons, the target of a £6.3 billion ($8.8 billion) offer from a group led by another U.S. firm.
Fashion
Vans helps drive recovery at VF Corp

Vans helps drive recovery at VF Corp

The Denver, Colorado-based outdoor and activewear group reported first-quarter revenue of $2.2 billion on Friday, up 104% from $1.1 billion in the prior-year period, with growth led by the Vans brand.
Fashion
Mirabaud Lifestlye Impact & Innovation invests in Highsnobiety

Mirabaud Lifestlye Impact & Innovation invests in Highsnobiety

The investment fund launched by Swiss banking and financial group Mirabaud last year has acquired a stake in the German platform dedicated to streetwear. 
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