British online luxury retailer N Brown has announced that it will be launching third party brands to its platform.Image Courtesy: ibm.comThese include eco-conscious fashion brand Nobody’s Child along with denim bigwig Wrangler and Finery.Nobody’s Child is all set to be launched in April, while Finery will be seen on Simply Be’s website later this month.Notably, both fashion brands will be available from size 20 onwards – exclusive to plus size womenswear label.As far as denim stalwart Wrangler’s

LONDON – Environmental organisation ReLondon (formerly the London Waste and Recycling Board) and circular business consultancy QSA Partners have published a progress report on their Circular Fashion Fast Forward project.The initiative, which in 2019 welcomed the likes of luxury apparel platform Farfetch and outdoor apparel brand FW, set out to offer practical guidance on how to embed circular business models such as resale, repair and rental within its brand partners’ operations.Two years on, Fa

British multinational clothing, footwear and home products retailer Next recently announced it will acquire a 25 per cent indirect interest in Reiss Limited, a British sh fashion brand and retail store chain owned and run by its founder David Reiss, through the acquisition of shares in the holding company of the Reiss business from existing shareholders.Pic: ReissUpon completion of this deal, which is subject to regulatory clearance, Next will make an equity investment of £33 million and a debt

Salvatore Ferragamo, an Italy-based luxury goods company, has reported 33.5 per cent revenue decline to €915.8 million in its full fiscal 2020 that ended on December 31, 2020 compared to revenue of €1.37 billion in the previous fiscal. During 2020, company incurred a net loss of €71.7 million compared to net profit of €87.3 million in FY19.Pic: Salvatore FerragamoGross profit dropped to €565.4 million (FY19: €893.5 million). The operating loss for the year amounted to €61.5 million (operating pr

The Frasers Group recently warned of possible store closures after it reviews its estate, as the group said the UK government aid for the COVID-19-hit retail sector was not good enough. “The 2 million pound rates cap ... from July 2021 to March 2022, makes it a near worthless support package for large retailers,” Mike Ashely-owned Frasers said in a statement.Pic: Fraser GroupThe United Kingdom will extend a year-long business rates exemption for retail, hospitality and leisure businesses to the

NEW YORK – Fashion brand Ralph Lauren has announced a new circularity strategy that will centre on three pillars: designing for circularity, establishing circular experiences for consumers, and advancing a circular product economy.It follows last week’s news that the brand hasstepped into the rental marketwith a new subscription-based service called the Lauren Look.President and CEO, Patrice Louvet, said:“The spirit of timelessness has been core to Ralph’s creative vision for more than 50 years,

Mango, the popular Spanish clothing retailer, saw its year-on-year (Y-o-Y) online sales soar by 36 per cent to post an impressive €766 million.Image Courtesy: ecotextile.comNotably, the revenue generated through its online sales represented 42 per cent of the overall turnover for the period that was plagued by coronavirus crisis.Expectedly, the bricks-and-mortar stores’ turnover slumped by a worrying 43 per cent.Following financial expenses and accounting adjustments, Mango made a gross loss of

NEW YORK – Fashion giant Ralph Lauren has joined the growing number of luxury companies stepping into recommerce by launching a subscription-based rental scheme.Called the Lauren Look, customers will pay US$125 a month to join the scheme and will in return receive their favourite pieces from the Lauren brand’s recent lines.New products will arrive on theweb-based rental platformweekly, with members being invited to curate their own virtual closetsfrom which they receive four available items at a

Struggling UK fashion retailer French Connection is seeking new suitors as investment firms Spotlight Brands and Gordon Brothers pulled out of preliminary talks to buy it. The company had launched a sale process and had been approached by three other parties. It said it is still in preliminary talks with previously announced joint suitor Go Global Retail and HMJ International.Pic: ShutterstockGo Global-HMJ has until March 5 to decide whether to make a bid, a global newswire reported.Once known f

Brand: United Colors of BenettonCompany: Benetton GroupLocation: Florence, ItalyArea: 160 sq mtPic: Benetton GroupProduct profile: The store offers wide range of United Colors of Benetton sustainable garments in organic, recycled or BCI (Better Cotton Initiative) cotton, regenerated nylon, natural fibres such as linen, and other sustainable materials.Store design | Interiors & VM | Fixtures: The store interiors are made with new materials created from textile industry scrap: the perimeter pl