Luxury retailer Hervia has been acquired by Parabellum — the private equity operation controlled by Rami Cassis — for an undisclosed sum, marking its first move outside of B2B investments and into luxe fashion.
Israel's Delta Galil announced on Monday revenues for the first quarter lifted 16%, another quarterly sales record for the company, which also posted a 26% uptick in net profits for the three months ending March 31.
Turkish denim manufacturing giant ISKO has opened a product development centre in London, saying it’s the first of its kind in the UK. The centre for "responsible production" is called the Creative Room London.
Superdry CEO Julian Dunkerton talked of making progress when he delivered a full-year/Q4 update on Thursday. And while it clearly has some way to go before it's back to full health, it appears to be on the right track.
Good news for UK online fashion sales. Not so good news for digital beauty sales. Even worse for the e-tail industry as a whole. And after weak April numbers, it suggests the digital boom could well be over.
The court in Vicenza, Italy, has accepted the offer of Milano 1984, a company headed by Andrea Citterio, for the acquisition of Grotto SpA, parent company of the beleaguered Italian denim brand with 140 employees.
Many UK trading updates at the moment see retailers reporting weaker sales and reining-in expectations for the year. But Next’s update on Thursday did neither, even though sales guidance for 2022 overall is fairly muted.