Retail

The investment comes off the back of soaring sales for the British menswear brand, which opened its first flagship stores in Los Angeles and Manchester this year and expects to hit annual sales of £100 million by the end of 2024.

With the company’s signature clogs seeing slower growth, turning around the struggling maker of casual, sneaker-like loafers is a priority — and Sydney Sweeney has been enlisted to help.

Spending has been sluggish, but retailers have a chance to make up for lost time in a compressed holiday season - if they can find an answer to their online competition.

The Bulgarian designer is opening his second global flagship in Los Angeles’ Melrose Hill gallery district to gain closer proximity to the art world and America’s entertainment industry.

The deluge of sports-inspired product releases and collaborations between brands and sports teams or athletes has saturated the market and started to spur a backlash. But insiders say there is still room for tie-ups which go beyond simple logo swaps or licensing deals.

The battle between challenger brands and incumbents is only set to intensify, pushing each camp to develop more innovative products and devise creative new ways to reach shoppers and tell their stories, according to the BoF-McKinsey State of Fashion 2025.

The German e-tailer’s consistent financial performance puts it in a solid position as it awaits regulatory approval of its merger with Yoox-Net-a-Porter.

Without Tapestry, Capri Holdings has a tough road ahead to return its biggest brand to growth.

Hip-hop fueled an explosion of brands, collaborations and merchandise, but with fashion saturated with partnerships and rapper-led labels, and signs emerging that hip-hop’s cultural power could be waning, artists and their partners are finding ways to stand out.

Gap’s earnings this week will present a clearer picture of how well Richard Dickson’s attempts to bring Gap back in the fashion conversation is sticking with consumers.

The e-commerce giant’s domestic division which includes Tmall and Taobao eked out just 1 percent sales growth in Q2 but its international division which encompasses Lazada and AliExpress saw revenue expand by 35 percent.

The $8.5 billion deal is off after the US Federal Trade Commission successfully blocked it in court. In announcing the termination, the Coach-owner said it would buy back stock, while Capri outlined a turnaround plan that includes closing some Michael Kors stores.