Lifestyle & Fashion – Page 7
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Short stops
July 17/19 Short Stops: Fanatics – FIFA - Frasers - Jack Wolfskin – JD Sports Fashion – Jordan - Macron - Masks – Nike – North Sails - Puma - PwC/U.K. - Uighurs
Corporate: +++ In a regulatory announcement, JD Sports Fashion reports that Peter Cowgill, executive chairman of the group, has bought 50,000 shares in the company, raising its total holdings to 3,942,934 shares representing 0.4% of its capital (and carrying a value of £34.09 million) ...
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News briefs
Another long-serving director steps down at JD Sports Fashion
Another director is leaving the board of directors of JD Sports Fashion, following a statement made at its recent annual shareholders’ meeting that the composition of the board should “address the tenure of certain Board members who have served on the Board for longer than recommended within the Corporate Governance ...
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Case StudyHow About You has become Europe’s fastest-growing online fashion platform
The company is using technology – and good timing – to stand out in a crowded market of online retailers.
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ArticleJD Sports Fashion on track to acquire Deporvillage
Deporvillage has found a buyer. As we reported in January, the owners of this international sports e-tailer based in Catalonia had engaged a financial advisor with a view toward selling a majority stake. JD Sports Fashion has since stepped in through its controlled holding company in Spain, the Iberian Sports ...
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News briefs
Anta partners with a university for research into sports fashion
Anta Sports has co-established the ”Tsinghua University-Anta Group Joint Research Center for Sports Fashion” with Tsinghua University, a major research university in Beijing. Anta will cooperate with the university over the next five years to explore innovative applications for new fabrics, new materials and new designs in the field of ...
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News briefs
Nike is the most resold fashion brand
Nike is “by far” the most resold fashion brand in the world, according to a survey of 60 (fashion, casual and sports) brands and fast-fashion banners carried out from June 4 to 7 by a British comparison website, SaveOnEnergy. It found that the Nike brand had a “staggering” 1,160,153 listings ...
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Short stops
June 1 Short Stops: Adidas - Canyon – JD Sports Fashion - Slinger Bag - Zalando
Management: +++ Winfried Rapp, who oversaw the merger of a German cable network operator, Unitymedia, with Vodafone, has joined Canyon Bicycles as chief financial officer, taking the place of the retiring Lothar Arnold, brother of the company’s founder, Roman Arnold Retail: +++ Zalando is expanding ...
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Article
Zalando lifts sales forecasts, aims for 10% of Europe’s fashion market
Zalando has lifted its sales and profit forecasts for 2021 after reporting a 23.1 percent rise in revenues to about €7,982 million for the 12 months to Dec. 31, 2020, with increases of 17.2 percent in the German-speaking countries and 28.4 percent in the rest of Europe, where they reached ...
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News briefs
On Running fashions a Federer line of tennis sneakers
The Swiss brand On Running has tailored a high-performance tennis sneaker to the needs of Roger Federer, who tried it out at the 2021 Qatar Open (Federer was upset in the quarterfinals). THE ROGER Pro, as it is called, has a “stable midsole of high-performing foam,” a “midfoot cage for ...
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News briefs
Peak Performance joins the Circular Fashion Partnership
Peak Performance is among the brands that have recently joined the Circular Fashion Partnership, a cross-sectorial project led by the Global Fashion Agenda, in partnership with Reverse Resources, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and P4G. They aim to achieve a long-term, scalable transition to a circular fashion ...
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Article
Better-than-expected profits for JD Sports Fashion
In an update on its performance through the Christmas selling period, JD Sports Fashion said that demand has remained robust throughout the second half of 2020, including the key months of November and December, despite temporary store closures in many territories. As a result, revenues for the 22 weeks to ...
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News briefs
JD Sports Fashion acquires Wellgosh
JD Sports Fashion has reportedly acquired Wellgosh, an independent menswear retailer based in Leicester, for an undisclosed sum. The information was first reported by Drapers. Wellgosh, a family-run business, was founded by Peter Turner around 30 years ago. The company started operations with a small store in Leicester’s Silver Arcade ...
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News briefs
Another investment in fashion by Ashley
The difficult economic situation, which is particularly acute in the fashion sector, has probably led the acquisitive Frasers Group to snap up Psyche, a British fashion retailer that offers about 200 high-end brands, such as Barbour and Boss, along with such heritage brands as Champion. The purchase price has not ...
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News briefs
Asics joins The Fashion Pact
Asics has become the first Japanese company to join The Fashion Pact, a global coalition of companies in the fashion and textile industry, including their suppliers and distributors, committed to key environmental goals. The Fashion Pact focuses in particular on three areas: mitigating climate change, restoring biodiversity, and protecting the ...
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ArticleThe pandemic forces fashion and retail to rethink their business models
The Covid-19 pandemic has accelerated changes in consumer attitudes toward fashion and retail, and calls are getting louder for “something to be done,” such as fewer collections, less fast fashion and more attention to sustainability.
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News briefs
The fashion industry will likely miss key climate change goal
According to a new report from the Global Fashion Agenda and McKinsey & Co., entitled Fashion on Climate, the global fashion industry will miss its 2030 emissions reduction targets by 50 percent if it continues on its current path. In 2018, the apparel and footwear industry was responsible for around ...
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News briefs
Mike Ashley makes new investments in fashion
Frasers Group, the parent company of Sports Direct, continues with its portfolio investments in the fashion sector, acquiring a 5.1 percent stake in Hugo Boss in the form of shares and derivative put options. If the options are fully exercised, the total exposure would be worth a maximum of around ...
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News briefs
Two Swiss companies produce fashionable, reusable masks
Two Swiss textile companies, Schoeller Textil and Forster Rohner, have a developed a washable mask to meet the criteria of the Swiss National Covid-19 Science Task Force, establishing a short supply chain and improving on disposable masks from an ecological perspective. Schoeller is supplying the fabric, a two-layer weave of ...
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News briefs
YKK signs Fashion Industry Charter for Climate Action
The YKK Corporation has signed the Fashion Industry Charter for Climate Action. The Fashion for Global Climate Action initiated calls on the fashion industry to recognize the industry’s contribution to climate change and its responsibility to achieve climate neutrality. YKK joins the more than 100 existing signatories of the charter, ...
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News briefs
Global Fashion Agenda adds three companies
The Swedish non-profit organization Global Fashion Agenda is further strengthening its group of Associate Partners by welcoming three new companies: TAL Apparel, VF Corporation and Zalando. Global Fashion Agenda is a leadership forum for industry collaboration on fashion sustainability and the organizer of the renowned Copenhagen Fashion Summit. It seeks ...
