Fashion

H&Mbeyond, the Swedish fashion giant's innovation lab, and NeXR Technologies are working together to develop a virtual fitting room that will allow customers to try on perfectly fitted outfits quickly and easily.

GrandVision, the owner of eyewear chains Pearle and Eye Wish, had a decent quarter considering the circumstances. For the year as a whole, however, the group had to swallow a substantial decline in sales.

Superdry saw its losses increase significantly in the first half of the broken fiscal year. Meanwhile, the coronavirus crisis continues to weigh on the British fashion group. The start of the third quarter also appears to be anything but successful.

Fast Retailing, the owner of Uniqlo amongst others, confirmed its forecasts for the 2020/21 financial year on Thursday. This is surprising at first glance, as 'motherland' Japan took stricter measures against the Covid-19 virus again a week ago.

The Belgian fashion chain e5 Mode, currently under debt protection, seems to have caught the eye of a Danish fashion holding. It does face competition from Dutch and Belgian potential buyers, however, including one supported by the Flemish government.

Investment company Permira wants to take its British shoe brand Dr. Martens to the London Stock Exchange in the near future. The funds raised will support further international expansion and the development of e-commerce.

Luxury giant LVMH has completed the acquisition of Tiffany & Co. With Bernard Arnault's son gaining power, the top management of the jewellery company is thoroughly shaken up.