The latest news
H&M names 10 Global Change Award winners, has doubled the prize fund
It’s been a busy few weeks for award winner announcements and on Thursday, H&M Group named the winners of its Global Change Award, its “early-stage innovation challenge seeking bright minds that can transform fashion”.
Puma to open at Gloucester Quays
Sports giant Puma is set to open a store at the South West UK outlet destination Gloucester Quays in the coming weeks.
Some ASOS suppliers cut links with e-tailer for now, Frasers raises stake
Some suppliers of online fashion retail giant ASOS are pulling back from supplying the company with goods following the withdrawal of credit insurance for the firm, according to a newspaper report on Wednesday.
Retailers battle uncertain back-to-school demand after ‘unstable’ quarter
Stocking shelves, slashing prices on low-priced notebooks and sneakers and uniforms, major retailers including Walmart, Foot Locker and Marks & Spencer are bracing for a challenging back-to-school shopping season.
Simply Be owner N Brown struggles in tough environment
Struggling e-tailer N Brown will have been hoping that better results in the fourth quarter could boost its full-year numbers after Q3 had seen revenues falling in the face of the cost-of-living crisis.
Munich posts 40% revenue growth in 2022-23, expands internationally
The Spanish sneakers brand hit record sales in 2022, with revenue up by 40% to €74.3 million. Revenue in Italy was up 20%, as Munich continued to expand internationally, and opened new monobrand stores in Spain.
UK May fashion spend is weak say Barclays and BRC
Britain's retail and consumer spending was sluggish in May, two reports showed on Tuesday, with the latest figures from the British retail Consortium and from Barclays offering up bad news for the fashion sector.
Casablanca sees buyout and restructure as it positions for further growth
Charaf Tajer’s Casablanca Clothing Ltd business has been acquired by a newly-established company — Casablanca Paris Ltd — in a restructuring process as it sets itself up for further expansion.
Photographers Michael Avedon and James Dylan launch new publication Breach
The creatives, grandsons of Richard Avedon and Bob Dylan, respectively, found a photography first publication with digital and print issues.
Pull&Bear expands on Primavera Sound deal with The Vision for 2023
With festival season getting under way, it’s interesting to see how brands are making the most of the season’s opportunities. And news has come in that Pull&Bear has renewed and enhanced its link with Primavera Sound.
FGF Industry wants to grow in the German market with Blauer USA and Ten C
FGF boss Enzo Fusco achieved a turnover of around 10 million euros on the German market in 2022. He revealed some of his plans for 2024 to FashionNetwork.com on the sidelines of a showroom presentation in Milan.
Knowledge key for Gen Z who'd return less if they knew about carbon impact
We’ve heard a lot about how returns are causing a major problem for retailers in the fashion sector at present, but a new study suggests that better communication about the impact of returns could make a difference.
Giorgio Armani Mare starts resort and city pop-up tour
As consumers globally get the travel bug again, Giorgio Armani Mare is backing its SS23 offer via a series of pop-ups in “the most important cities and destinations in Europe and Asia”.
ASOS sees bid approach as share price slumbers - report
ASOS is believed to have received a £1 billion takeover approach a few months ago from a Turkish company taking advantage of the potential in its giant market but also its falling share price.
Columbia Sportswear's Sorel CEO to depart
Columbia Sportswear announced on Friday that Mark Nenow, president of its Sorel brand, has resigned in order to focus on his health.
Authentic Brands Group buys Hunter's IP, names license partners
Authentic has acquired rain boots specialist Hunter — or to put it more accurately, it has acquired the “intellectual property” of the brand and named two key partners for the UK/Europe and the US.