Second-hand fashion startup Gently raises $2 million in funds Gently announced on Monday it has successfully raised $2 million, in a pre-seed funding round composed of more than 20 angel investors and venture capitalists. Gently The investor pool included Jason…
Italian fashion group OTB aims to accelerate in China Translated by Nicola Mira Renzo RossoMaison MargielaJil SanderMarniAmiri The façades of OTB’s four new Shanghai stores – DR OTB’s new hub is located within Shanghai’s JC Plaza shopping centre, on highly…
Franchise Group mulls lowering bid for Kohl’s closer to $50 per share By Reuters Franchise Group is considering lowering its bid for department store chain Kohl’s Reuters Shares in Kohl’s fell more than 10% after the report. Franchise is considering…
AlgiKnit raises $13 million in funding round U.S. eco-textile firm AlgiKnit announced on Wednesday it has raised $13 million in a Series A funding, which will see the kelp yarn maker embark on a new phase of growth moving forward.…
As inflation soars, European consumer goods M&A slows By Reuters API As a cost-of-living crisis with no end in sight sends shockwaves through Europe, deals in the region’s retail and consumer-products industries have slowed dramatically – even more so than…
Go Sport goes into receivership Translated by Cassidy STEPHENS The verdict is in, the commercial court of Grenoble announced on January 19 the placement of Go SportCamaïeu, another chain owned by the HPB group, which began this procedure in the…
Safilo names Francesco Rinaldi Ceroni president of North America Translated by Nicola Mira Francesco Rinaldi Ceroni, who joined Italian eyewear group Safilo Francesco Rinaldi Ceroni – Safilo Rinaldi Ceroni was born in Bologna, where he graduated in Business Administration, and…
Facebook to ditch live shopping Facebook announced this month that it is saying goodbye to its live-shopping events. Anne Klein debuts Facebook live shopping event. – Anne Klein As of October 1, 2022, users will no longer be able to…
Mango in major global expansion for Kids chain, also adds new Teen stores Mango Mango The Spanish fashion giant’s children’s line increased its sales by 60% last year compared to pre-pandemic 2019 and is forecasting “record” sales this year, with…
Inditex Q1 easily beats pre-pandemic period, sales and profits soar Inditex Reuters Its pre-Covid Q1 (the three months to the end of April 2019) had seen it reporting profits of €734 million on sales of €5.93 billion. It didn’t break…
