Lanvin Deputy CEO Siddhartha Shukla Exits Brand
Owner Lanvin Group said it is ‘fully committed’ to the French label’s development under creative director Peter Copping, with CEO Andy Lew in charge of management.
Frankfurt, Germany
News & Analysis
Zalando to Launch €50 Million Share Buyback
The buyback would run from May 11 until June 4 to cover its management stock option programmes.
Zalando to Launch €50 Million Share Buyback
The buyback would run from May 11 until June 4 to cover its management stock option programmes.
Retail
German Department Store Galeria Files for Creditor Protection
With all of its outlets closed, the department store chain is losing roughly €80 million in weekly revenue.
German Department Store Galeria Files for Creditor Protection
With all of its outlets closed, the department store chain is losing roughly €80 million in weekly revenue.
Global Markets
Global Fashion Group Says It Is Making Progress Towards Profit
GFG, which runs fashion websites in Russia, Latin America and south-east Asia, reported second-quarter sales rose a currency-adjusted 16.5 percent.
Global Fashion Group Says It Is Making Progress Towards Profit
GFG, which runs fashion websites in Russia, Latin America and south-east Asia, reported second-quarter sales rose a currency-adjusted 16.5 percent.
News & Analysis
Zalando to Build Rotterdam Warehouse to Serve Western Europe
The facility will start operating in 2021, and will eventually employ 1,500 people with a storage capacity of 16 million items.
Zalando to Build Rotterdam Warehouse to Serve Western Europe
The facility will start operating in 2021, and will eventually employ 1,500 people with a storage capacity of 16 million items.
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Financial Markets
Global Fashion Group IPO Mostly Backed by Existing Shareholders
Facing low investor demand, the e-commerce fashion group cut its initial share price from up to €8 to €4.50.
Global Fashion Group IPO Mostly Backed by Existing Shareholders
Facing low investor demand, the e-commerce fashion group cut its initial share price from up to €8 to €4.50.
Retail
Global Fashion Group Postpones IPO
The Asia and Latin America-focused fashion e-tailer is postponing its listing until July due to low investor demand, according to sources.
Global Fashion Group Postpones IPO
The Asia and Latin America-focused fashion e-tailer is postponing its listing until July due to low investor demand, according to sources.
Financial Markets
Emerging Markets Retailer GFG Prepares for IPO
The online retail group, valued at €1 billion with 11.2 million active customers, has announced its plans for its listing in Frankfurt.
Emerging Markets Retailer GFG Prepares for IPO
The online retail group, valued at €1 billion with 11.2 million active customers, has announced its plans for its listing in Frankfurt.
News & Analysis
Adidas Slumps as Retro Shoes Wane on European Home Turf
The sportswear company expects sales growth to slow this year due to the retro footwear boom losing momentum in Europe and supply chain problems in North America.
Adidas Slumps as Retro Shoes Wane on European Home Turf
The sportswear company expects sales growth to slow this year due to the retro footwear boom losing momentum in Europe and supply chain problems in North America.
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Luxury
Europe Revival Lifts Sales at Hugo Boss
Sales rose 6 percent in the second quarter as the German fashion house pursues a turnaround in its home market and updates some of its ranges to try to draw in younger shoppers.
Europe Revival Lifts Sales at Hugo Boss
Sales rose 6 percent in the second quarter as the German fashion house pursues a turnaround in its home market and updates some of its ranges to try to draw in younger shoppers.
News & Analysis
Amazon Workers in Europe Strike on Prime Day
Thousands of workers are on strike in Germany, joining colleagues in Spain and Poland in taking action that coincides with a major sales promotion.
Amazon Workers in Europe Strike on Prime Day
Thousands of workers are on strike in Germany, joining colleagues in Spain and Poland in taking action that coincides with a major sales promotion.
News & Analysis
German Discount Retailer NKD Put Up for Sale, Sources Say
Private equity owner OpCapita is seeking a buyer for the company valued at €300-350 million, hoping to benefit from high equity valuations.
German Discount Retailer NKD Put Up for Sale, Sources Say
Private equity owner OpCapita is seeking a buyer for the company valued at €300-350 million, hoping to benefit from high equity valuations.
News & Analysis
How Fashion Should (and Shouldn’t) Embrace Artificial Intelligence
The biggest opportunities are in trend forecasting and better supply chain management, but AI in customer service could backfire if brands jump in too early, argues Chris Boos.
How Fashion Should (and Shouldn’t) Embrace Artificial Intelligence
The biggest opportunities are in trend forecasting and better supply chain management, but AI in customer service could backfire if brands jump in too early, argues Chris Boos.
The News in Brief
Ulta Beauty Forecasts Annual Profit Below Estimates
Shares declined in after-hours trading as the beauty retailer expressed a cautious outlook for 2026.
Exclusive: Brita Invests in Shower Filter Firm Hello Klean
The German water filtration firm has acquired a minority stake in Hello Klean, which sells shower heads it claims mitigate the effects of hard water.
AII Launches Industry-First Tool Standardising Measurement of Carbon Emissions
The new tool published by the climate-focused nonprofit aims to create a standardised benchmark across textile facilities to accelerate fashion’s efforts to decarbonise.
Marco De Vincenzo Exits Etro
The creative director’s departure after four years was a decision of ‘mutual agreement’ according to the Italian label.
Exclusive: Akt London Enters Sephora
The UK label will roll out its hero deodorant to Sephora US doors and launch its full assortment online as the LVMH-owned retailer expands its body care offering.
Zalando Forecasts 2026 Profit Jump Driven by AI Boost
The European retailer forecast a rise in full-year adjusted operating profit and announced a share buyback, citing the productivity and cost-saving benefits of AI.
Lululemon Founder Warns CEO Candidates That Board Needs Overhaul
Chip Wilson wrote an open letter to potential candidates for the activewear brand’s next chief executive warning them of problems at the company.