Fashion

H&M invests in old clothing recycling

Swedish H&M acquired a minority stake in Re:newcell, which focuses on a sustainable fashion industry and targets the recycling of old clothing.

Uniqlo's profit more than doubled

In the past fiscal year, Japanese Uniqlo more than doubled its profit on the back of a 4 % turnover increase. The fashion chain forecasts international sales to soon outgrow those of Japan.

Gucci also halts fur production

Fashion brand Gucci will no longer use fur in its clothing and accessories, as CEO Marco Bizzarri promised during his Kering Award for sustainable fashion acceptance speech for the London College of Fashion.

Fashion platform About You launches in the Netherlands and Belgium
  • Published in m-Tail

German fashion web shop About You, the second largest online European fashion retailer, officially launched in Belgium and the Netherlands following an unofficial launch in the Netherlands some time ago.

Luxury group LVMH exceeds third quarter expectations

French luxury group LVMH has surpassed turnover expectations in the first three months of its fiscal year. Louis Vuitton and Christian Dior’s parent company managed a 12 % like-for-like turnover growth, to 30.1 billion euro.

Amazon acquired 3D body scan startup

Amazon acquired the Body Labs startup, which specializes in 3D body models, for about 50 to 70 million dollars (42 – 60 million euro).

Hunkemöller is up for sale again

Dutch lingerie store chain Hunkemöller is for sale again, merely a year after American investment firm Carlyle acquired it. The company hopes to get 600 million euro for the chain, a lot more than the price it paid a year ago.

FNG targets Germany and Spain

Fashion group FNG has become a household name in the Benelux, which is why it is also looking at other markets. CEO Dieter Penninckx sees opportunities for its Dutch brands in Germany, but Spain is more interesting for its Belgian brands.

Sneaker chain Solebox opens hotspot in Brussels

Berlin-based sneaker pioneer Solebox opened a store in the Anspachlaan in Brussels last Saturday. The exclusive sneakers are now being sold in a former bank location, the fifth European store in the chain.

Arket Brussels opens: discover H&M's latest concept

On Friday 15 September, H&M Group’s new store formula opens its doors on the Guldenvlieslaan in Brussels. The press got a sneak preview and discovered a surprising mixture of fashion, interior design and food. 

Nordstrom opens store without storage

American fashion chain Nordstrom is to trial a new store formula in Los Angeles next month, in which customers will only be able to get advice and try out clothing. Purchases can be picked up at the store at a later date.

Primark benefits from weaker British economy

Irish fashion chain Primark takes full advantage of the weak British economy, which prompted its parent company AB Foods to adjust its full-year forecast. The chain will also continue its expansion plans.

Participatiemaatschappij Vlaanderen invests in FNG

Government investment fund Participatiemaatschappij Vlaanderen (PMV) will invest 15 million euro in fashion group FNG in return for 5 % of its shares. The money will go towards international expansion.

Gap Inc will focus on Old Navy and Athleta

American fashion company Gap will alter its internal strategy and turn its attention to Old Navy and Athleta. Gap and Banana Republic, which both received the most attention up until now, will have to step aside.

Global Fashion Group cuts losses

Global Fashion Group, the fashion group founded by investment group Kinnevik and Rocket Internet, managed to lower its losses even more in the second quarter. On top of that, turnover grew more than 25 %.

Opinion: pink for boys mainly colours John Lewis' image

British department store chain John Lewis will only carry gender-neutral children’s clothing. Pants, skirts and dresses, pink or blue, every single one will get a “girls & boys” label.  Parents have rejoiced and protested, but what do the children think?

Fashion brand Monki comes to Belgium

Swedish fashion chain Monki will expand to Belgium in November, with a store located in Antwerp. The 550 sqm concept store will arrive on the Meir, Antwerp’s largest shopping street. The brand is one of H&M Group’s independent brands.

McGregor files for deferred payment again

Fashion company Doniger Fashion Group, which owns clothing brands Gaastra and McGregor, is in trouble once more. It asked a judge for deferred payment, barely a year following its previous bankruptcy.

Amazon's fashion brand head to Europe

American Amazon presented its first collection for women to be sold in Europe. The clothing, part of the Find brand, will be sold in Germany, the United Kingdom, France and Spain.

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