Otrium, an online outlet store for fashion brands, said on Wednesday it had raised $120 million from investors as it launches in the US and develops its platform for trading items left unsold at the end of the season.
Frasers Group has bought another company with the purchase of designer fashion retailer Psyche for an undisclosed sum. The company has a 40,000 sq ft shop in Middlesbrough, and a webstore, and employs 58 people in total.
Belstaff, Hush, Nobis and Allbirds are turning their approach to Black Friday on its head and instead of focusing on money-off, it's all about raising money for charity, with one of the brands even raising prices.
‘Hands-free’ shopping options have taken on a new relevance in a world dominated by anti-pandemic measures and McArthurGlen said it has launched a partnership with Dropit to offer hands-free shopping to visitors.
Belstaff had plenty of news to share this week with the company having announced a new brand “ambassador and creative collaborator” via the signing of actor James Norton, as well as the opening of its New York store.