LVMH acquires Dior

French luxury group LVMH has agreed to acquire fashion brand Christian Dior’s final 26 %. In return, it will pay 12.1 billion euro.

Jimmy Choo is looking for a new owner

Shoe brand Jimmy Choo put itself up for sale after a deal with investor JAB, which currently owns 70 % of shares.

H&M wants clothing to become recyclable by 2030

At the H&M Foundation-organized Global Change Awards, Karl-Johan Persson, Swedish fashion company’s CEO, said all of the group’s clothing should be fully recyclable by 2030.

Profit alert for lingerie manufacturer Van de Velde

Belgian lingerie manufacturer Van de Velde, best known for its Marie Jo and PrimaDonna brands, expects its 2017 financial results to come under pressure. The company immediately announced additional investments to stimulate growth.

Primark only achieves growth through store openings

Irish fashion chain Primark has seen its turnover grow more than 20 % in the past six months, but that was only thanks to new store openings and positive exchange rate fluctuations.

C&A launches 'cradle-to-cradle' collection

Fashion chain C&A is launching a "Cradle to Cradle Certified Gold" t-shirt collection in June. These can be entirely recycled or reused and C&A says the shirts can even be thrown on the compost heap.

Zalando continues growth in 2017

German online fashion store Zalando continues to grow vigorously in 2017’s first quarter. The preliminary results show that it will once again publish turnover growth surpassing 20 %, a target the company has set for its full fiscal year as well.

Walmart continues online expansion with Bonobos acquisition

American retail giant Walmart is in talks to obtain men’s clothing start-up Bonobos. According to an insider, the company is willing to depart with 300 million dollars (280 million euro) to get the deal done.

OVS speeds up Charles Vögele’s transformation

After Italian department store chain OVS acquired onerous store chain Charles Vögele late last year, it now announced it will speed up the transformation into OVS stores.

New CFO for Michael Kors

American fashion label Michael Kors appointed Thomas J. Edwards as its new CFO, succeeding Joseph B. Parsons who will leave the company in August after thirteen years. Edwards will join the team immediately.

Roberto Cavalli experiences huge turnover drop

Italian fashion label Roberto Cavalli faced the brunt of a huge restructuring program in 2016, which cost a lot of money and resulted in a 55 million euro loss for the year.

Strong profit increase for JD Sports

British JD Sports has managed to boost both its turnover by 31 % and its profit before taxes even by 81 % in the past fiscal year.

Zara opens largest store in Madrid

Spanish fashion chain Zara will open its largest store in Madrid. The new 6,000 sqm store, spread across four floors, is its largest in the world and is located in Madrid’s financial district, on the Paseo de la Castellana.  

Adidas will mass produce 3D printed shoes

German sports brand Adidas will use more 3D printers to manufacture shoe parts. The goal is to tap into new trends more quickly and to create more personalized products.

Benetton Fashion Company CEO resigns

Marco Airoldi will no longer be Benetton Fashion Company’s CEO after the annual shareholders’ meeting, scheduled for 16 May. He had been CEO since 2014 and led the brand’s restructuring program over the past few years.

General manager Bart Karis leaves Zeeman textielSupers

Bart Karis, Zeeman textielSupers' general manager, has decided to leave the company at the end of the year, Zeeman said in a press release. It has not yet appointed a successor.

TK Maxx opens two new stores

TK Maxx will open two new stores in Amsterdam, one on 2 May in the Westmarket shopping center and one on 11 May in the Amsterdamse Poort.

Isabelle Dumortier (Tutu Shop) reveals the recipe for a successful web shop
  • Published in m-Tail

Who says young people do not have an entrepreneurial spirit? Isabelle Dumortier was only in her early twenties when she launched her first web shop. Today, Tutu Shop is on the verge of an international breakthrough.

Designer Outlet Center Roermond opens new section

On Thursday, the Designer Outlet Center in Roermond will open a new 11,000 sqm section, boosting its brand store number to nearly 200.

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