Premium online fashion platform Cudoni has secured £4.6 million backing from key international investors, claiming the amount is the largest ever raised for investment within a UK fashion resale business.
With more and more UK fashion store closures hitting the headlines, it’s refreshing news that Frasers Group’s luxury banner Flannels is continuing to open new stores as part of a major investment plan.
The London start-up has raised £0.5m “to power sustainable product verification” at a strong time for its business model after supply chain scandals and as consumers aim to buy more ethical and sustainable products.
Struggling Quiz released results for the year to the end of March on Tuesday. And while they included only a few weeks hurt by the pandemic, they showed Quiz was already facing challenges before the current crisis.
The Belgian designer is taking his brand into women's fashion with a collection balancing minimalism with futuristic and psychedelic touches, as revealed alongside his latest menswear pieces in a moody, unsettling film.
Walmart Inc’s Flipkart will buy a 7.8 percent stake in Aditya Birla Fashion and Retail Ltd for 15 billion rupees ($204 million), the fashion retail company said, sending its shares up 6 percent on Friday.
SMCP, owner of brands including Sandro, said on Monday it would ramp up spending on advertising and focus store openings mainly on the Chinese market, pausing efforts elsewhere after years of rapid expansion.