It’s big in the world of UK and Ireland logistics with a client list already including M&S, ASOS, and Matchesfashion. But GXO has now launched GXO Direct in the UK offering shared warehousing solutions for smaller firms.

Alibaba Group's plans for a major revamp have been taken as a signal that Beijing's regulatory crackdown on corporates is ending, propelling its shares higher and boosting investor confidence. 

Vietnam's largest conglomerate, Vingroup, is in discussions to sell a stake in its shopping mall arm as it seeks to bring in strategic investors, five sources told Reuters on Wednesday.  

Italian fashion label Missoni has opened its first store at the South Coast Plaza shopping center in Costa Mesa, Orange County, alongside other major luxury brands. A space that features the brand's zig-zag design.

Macy's Inc on Wednesday said its Chief Executive Officer Jeff Gennette will retire in February, after serving the U.S. department store chain for 40 years and will be succeeded by insider Tony Spring.  

The three new owners of the women's retailer have informed employees of a savings plan listing the closure of 64 of the 302 shops and the loss of 257 jobs (out of 1,500), between 2023 and 2027.

​Luxury streetwear brand Aries is having a busy month with the London-based label following up a Yoox collaboration earlier in March with a Tommy Hilfiger link-up this week.

Pro basketball team The London Lions has secured a “landmark collaboration” with fashion label Beautiful Struggles to produce a limited edition Euro Varsity Jacket.

Agua Bendita has become the second Colombian brand to partner up with Target in the United States.

The collection is made entirely from bio-based, post-consumer and pre-consumer materials. Schoeller will present its recycled fabric collection at the upcoming Performance Days in Munich.

Greek retail tech company SafeSize has raised €14 million in Series B funding with participation of Phaistos Investment Fund as well as existing investors Convent Capital and 3TS Capital Partners.  

Fresh from news of its latest acquisition — Cath Kidston — Next has reported its annual results and as is usually the case with the company, it achieved a performance many peers would envy.

​Burberry has made a key move to boost its technical outerwear production capacity. It has entered into a deal to acquire a business from longstanding Italian supplier Pattern SpA for €21 million.

​G-Star Raw has become the first fashion label to take AI-generated design off the screen and into the workshop with a “unique piece of denim couture, which highlights how AI is being used in the real world”.

​New Look has been ramping up its CX and logistics capability with news this week of two developments on the less glamorous side of the fashion industry.

Sneaker giant Adidas has retracted its request to the U.S. Trademark Office to reject an application for a Black Lives Matter trademark featuring three parallel stripes.