The latest news
Hat-maker Borsalino opens museum in Italy
On April 4, the Italian hat-maker will open a museum at its former factory in Alessandria, tracing its history and that of its legendary hats. FashionNetwork.com had the chance to enjoy a preview tour of the museum.
Boss opens virtual showroom as part of Metaverse Fashion Week
Boss, the Hugo Boss-owned label, said it’s “taking a bold step into the metaverse on the heels of a critically acclaimed Spring/Summer 2023 Fashion Show in Miami”.
Uniqlo and Theory to open Covent Garden combo flagship
After opening a joint giant-sized Uniqlo-Theory space on London’s Regent Street, the owner of both brands, Fast Retailing, is clearly pleased with the results and will open another in Covent Garden late next month.
H&M profit gets Q1 Sellpy boost, says womenswear, COS and Arket are strong
H&M’s Q1 results showed the company increasing operating profit, net profit and sales in the three months to the end of February. But challenges remain and many spring season sales have been delayed by cold weather.
High-end rental and resale report could see rapid fivefold growth says Bloomberg study
There's a massive opportunity in the rental and resale market with Bloomberg Intelligence saying in a new report that the higher end of this market could grow fivefold as soon as 2025 with resale a particular focus.
Tommy Jeans is latest collab for busy Aries
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.
Next has good year, says price rises will slow
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.
New Look boosts CX, logistics with ParcelLab, Wincanton link-ups
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.
Next confirms Cath Kidston acquisition for £8.5m
Next has confirmed its widely expected purchase of the Cath Kidston brand. In the briefest of stock exchange announcements the company said it's paying £8.5 million for the brand.
Hotter owner Unbound mulls possible takeover by WoolOvers Group
Unbound Group is the latest stock exchange-listed UK business to consider a takeover offer that may be well above its market capitalisation based on its recent share price, but is still far below its all-time high.
Next in talks on Cath Kidston buy, deal possibly imminent
Next is back on the acquisition trail. The retail giant, which delivers its results later this week, is reportedly in “advanced talks” about buying troubled Cath Kidston.
Bluestar Alliance acquires bankrupt Scotch & Soda, some downsizing likely
Dutch fashion business Scotch & Soda has been acquired by Bluestar Alliance, the American brand management company, for an undisclosed sum, with the new owner believing it can attract new shoppers to the label.
In the Style £1.2m sale approved by shareholders, but almost 40% are against it
In The Style (ITS) must be breathing a sigh of relief with its shareholders narrowly approving its £1.2m sale to private equity firm Baaj Capital, avoiding an administration filing.
Hyve Group talks of strong events momentum, revenues improving
Back to running a full schedule of global events, Hyve Group said Monday it has started this year with “purpose and momentum”, alongside strengthening revenues.
Matalan names new Chair from Takko, ex-Co-op food leader Whitfield is CEO
There’s a new leadership team at Matalan with the company announcing on Monday that Karl-Heinz Holland is now the company’s Chair and Jo Whitfield joins as CEO.
Sandro links with Hurr for UK rental launch
SMCP’s premium Sandro label has entered the rental market in the UK in a deal with rental specialist Hurr that starts with the current SS23 collection.