Fashion

Hunkemöller will invest a lot in Spain

Lingerie chain Hunkemöller will invest a lot in Spain in the next few years, with the goal to quintuple its store network. It should surpass the 100 store milestone in Spain by 2021.

Louboutin in trouble in red shoe sole court case

The attorney general at the European Union’s Court of Justice has written an advice saying that according to him, the Louboutin brand’s red shoe sole cannot be registered as a trademark.

30 store owners banned from Amazon during Louis Vuitton counterfeit court case

Thirty traders are no longer allowed to operate on Amazon until their court case with fashion brand Louis Vuitton is still ongoing. The brand filed a lawsuit because those thirty traders sold counterfeit items.

Yoox Net-a-Porter now also no longer sells angora

Following its fur ban, online retailer Yoox Net-a-Porter has also decided to no longer sell items that contains angora wool, according to animal rights organization PETA.

Impending Amazon - Nike deal is bad news for retailers

The possible AmazonNike collaboration, which would lead to Nike selling its product range on Amazon itself, has caused turmoil among other retailers.

C&A elects outsider as its new CEO

Alain Caparros is set to become C&A Europe’s new CEO, a move contrary to the company’s traditions. Normally, a company man is appointed, but Caparros has not worked for C&A before. He will face the arduous task of trying to improve the fashion company’s profitability.

Veronique Branquinho halts own label

Belgian designer Veronique Branquinho announced she will (temporarily) suspend her own fashion label, not the first time she has done so.

Zalando turns attention to B2B

Fashion web shop Zalando seeks further growth and will therefore target the B2B market. Zalando’s platform will be used to support other companies’ brands grow.

Otto subsidiary About You launches Dutch web shop

German web shop About You, one of eCommerce company Otto’s subsidiaries, launched in the Netherlands. This is the fourth country for the web shop: Germany, Austria, Switzerland and now the Netherlands.

FNG Groep attracts 25 million euro with new bonds

Belgian-Dutch FNG Groep has attracted another 25 million euro thanks to new bonds. The money should help finance its recent acquisitions.

Walmart acquires clothing chain Bonobos

American department store chain Walmart acquired clothing chain Bonobos for 310 million dollars (280 million euro). It now has full control over more than thirty stores and a web shop.

Trimmed down Nike wants to tap into market trends faster

Nike wants to trim down, saying goodbye to 2 % of its staff. It has 70,700 employees worldwide, which means about 1,400 jobs will be cut.

Turnover and profit increase for Inditex

Spanish fashion group Inditex experienced a strong first quarter, with a 14 % turnover increase to 5.569 billion euro and an 18 % profit increase to 654 million euro.

Ice-Watch is looking for a partner

Belgian watch company Ice-Watch is for sale, although owner Jean-Pierre Lutgen is currently looking for a minority shareholder, preferably someone from the industry.

Saks OFF 5TH to arrive in the Netherlands this summer

American fashion store chain Saks OFF 5TH did not miss its European debut: hundreds of customers waited in line for the opening of its store in Düsseldorf. A first store in the Netherlands will follow later this summer.

Intersport invests in online branch

Sports chain Intersport will invest more in eCommerce in the next few years, to catch up to its competitors. By 2020, it should generate a “substantial part of its turnover online”.

SuitSupply’s turnover grows a fifth

Clothing chain Suitsupply’s turnover grew 19 % to 207 million euro in the past fiscal year. The holding company did suffer a 2.6 million euro loss, mainly because of high financing costs.

Yoox Net-a-Porter no longer sells fur

Yoox Net-a-Porter will no longer sell fur products on any of its platforms. Animal rights organization Fur Free Alliance will now place the company on its Fur Free Retailer list.

Europa launches investigation into Guess’ distribution agreements

The European Commission opened an investigation into American fashion brand Guess’ distribution agreements in the European Union, which may include illegal limitations for retailers.

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