In the second quarter of 2023, currency-neutral revenues were flat at Adidas versus the prior-year level and in euro terms, the company’s revenues declined 5 percent to 5.343 billion euros. Even in the first half of 2023, currency-neutral revenues were…
…leads delegation to Sao Paolo, Brazil By Jeleel Olawale As part of the efforts to promote African cultural heritage through Adire fabrics, the wife of Ooni of Ife, Olori Aderonke Adewuyi-Ogunwusi, has organised the first edition of Africa Fashion Week…
Burberry’s FY23 revenue advanced five per cent at CER and 10 percent on a reported basis to 3,094 million pounds compared to the prior year; while comparable store sales increased seven per cent. In the fourth quarter, the company’s comparable…
Fashion and beauty e-tailer Shein is partnering with circular economy technology company Queen of Raw to utilise its technology to responsibly source excess fabric inventory from other brands and retailers to help mitigate fashion’s waste crisis. The initiative is part…
Prada Group has hailed a “strong start of the year” with growth across markets and product categories, as well as a rebound in demand in China. The Italian group, which owns its namesake brand as well as luxury label Miu…
As another day passes, another Kanye West saga has unravelled. The rapper-turned-designer and his brand Yeezy have now been ordered to pay over $300,000 to New York-based creative Katelyn Mooney after failing to attend a court session. A default judgement…
The Ellen MacArthur Foundation is beginning the roll out of the full version of its circular startup database, designed to help businesses explore startups and drive the acceleration of the circular economy. On ‘The Circular Startup Index’, 500 brands that…
Technology research and advisory company Technavio released a report on the growth of the global handbag market, pointing out its estimated increase in value by 14.11 billion US dollars from 2022 to 2027 and a CAGR of 4.3% and highlighting…
Net revenues at Brunello Cucinelli of 265.3 million euros, increased 34.7 per cent at current exchange and 32.8 per cent at constant exchange rates in the first quarter of 2023. After the strong first quarter, the company forecasts an overall…
Luxury conglomerate LVMH Moët Hennessy Louis Vuitton recorded revenue of 21 billion euros in the first quarter of 2023, up 17 per cent compared to the same period of 2022. Organic revenue growth was 17 per cent. The company said…
