Flash News

Reebok will be sold to Authentic Brands Group

Adidas announced that the group will sell Reebok to Authentic Brands Group (ABG) with a price up to EUR 2.1 billion.

Chanel invested a huge amount to recover from pandemic

Luxury maison Chanel reported 41.4% of revenue loss and still invested USD1.1billion to recover during the pandemic.

Max Mara faced an accusation in Shanghai

Max Mara was accused over the facial recognition camera that has been set up inside the store in Shanghai.

Swarovski decided to cut down over 6000 jobs in the group

Swarovski decided to cut down over 6000 jobs in the group. CEO Robert Buchbauer plans to focus on higher line jewelry.

E-commerce sales of Salomon reached USD24.8 million.

In 2020, E-commerce sales of Salomon reached USD24.8 million.

Patagonia reported a loss in first half 2021

Patagonia reported 8.8% of loss to USD 8.475 thousands in first half 2021 compared to the same period in 2020.

Suitsupply reported a huge loss in revenues

Due to the covid crisis, Dutch brand Suitsupply reported 39% of loss to 205 million euros, and in 2021 Q1, the sales reached only 55% of 2019 level.

Allen Solly will expand its distribution

Allen Solly from Aditya Birla Fashion and Retail Ltd. is planning to expand its market to 3rd tier and 4th tier city.

Clarks is looking for new opportunities in US market

British shoe manufacturer Clarks is seeking the transforming opportunity in US market after the pandemic.

Lacoste's E-commerce sales reached USD193.9million

In 2020, Lacoste reported a total E-commerce sales with USD193.9million.

Fenty Beauty constitutes the majority of Rihanna's values

Fenty Beauty is sold in over 1600 stores across 17 countries. It is estimated that 82.3% of Rihanna’s value which is nearly USD1.4bn, coming from Fenty Beauty.

Clinique's parent company was fined over its false claim

Estée Lauder Group was fined RMB400K over a false claim of Clinique’s fresh pressed daily booster.

Snoop Dogg is the new brand ambassador of G-star Raw

American rapper Snoop Dogg became the new brand ambassador for Dutch denim brand G-star Raw.

The Row

The Row enters kidswear market

The Row enters kidswear market with a small children’s capsule collection.

Zara

Zara collaboration with Kassl Editions want to join in lu...

Zara collaboration with Kassl Editions to make a capsule series want to join the luxury area.

Givenchy

Givenchy focus on accessories and shoes design

Givenchy makes a convincing case of the return to office life with a pair of new commuter-friendly bags, designed by Matthew M Williams