Ebay Inc. announced on Wednesday it has acquired non-fungible token marketplace KnownOrigin for an undisclosed amount, as the U.S. e-commerce marketplace looks to strengthen its product offering for digital collectors.
As childrenswear is increasing its presence in the overall assortment of fast-fashion retailers, the latter are rebalancing the share of boys’ and girls’ products in their range, according to Retviews by Lectra.
Britain is becoming a more closed economy due to Brexit, with bad long-term implications for productivity and wages to leave the average worker £470 a year poorer by the end of the decade, a study said on Wednesday.
JD Sports fashion had good news on Wednesday as it reported results for the year to 29 January. Revenue rose to £8.563 billion from £6.167 billion with gross profit edging up and pre-tax profit soaring.
Frasers Group said on Wednesday that it has once again increased its holding in German luxury fashion giant Hugo Boss. The company now – either directly or indirectly – controls more than 30% of the firm’s stock.
L'Oreal chief executive Nicolas Hieronimus said he remained confident about the outlook for the beauty industry with consumers continuing to want to indulge despite the global economy becoming "even more complicated.
Sales of luxury goods are set to rise at least 5% this year as shoppers in the US and Europe continue to snap up high-end watches, jewelry and shoes despite political uncertainty and soaring inflation, Bain said Tuesday.
Castore co-founder Tom Beahon said the company is ramping up its expansion drive despite the current tough economic backdrop. He said a “very strong core brand and value proposition… can be successful no matter what”.