Virtual wardrobe app Vera raises €8 million Translated by Nicola Mira In December 2019, Nada Bargachi and Olivia Breysse launched Vera, a virtual wardrobe app that uses AI to recommend three outfits per day to its users, depending on the…
THG has strong Q4 as Beauty and Ingenuity units soar, but margin forecast disappoints THG’s Q4 trading update on Tuesday showed that the group’s shares may have been under heavy pressure in recent months but its sales continue to soar.…
Mark Zuckerberg meets Italian luxury industry’s top names in Milan Translated by Nicola Mira Mark Zuckerberg Ansa A picture posted on social media by Mark Zuckerberg, shown with Leonardo Del Vecchio – Ansa Zuckerberg met with Italian Prime Minister Mario Draghi…
There’s nothing you reach for during the colder months as much as your tried, true, and trusted winter coat. But once it’s been a few years of normal wear and tear as it braves the harsh weather, it might be…
H&M focuses on future growth as sales and profits soar H&M H&M The quarter’s net sales in local currencies increased by 11% and were up 8% in SEK at SEK56.8 billion (€5.4bn). Gross profit rose 14% to SEK31.3 billion with…
Gap launches first NFT collection Gap Gap launches first NFT collection. – Gap For the launch, the clothing brand is introducing a “gamified” digital experience, which will give customers the opportunity to own a limited edition, collectible Gap hoodie. The…
Seraphine issue profit warning despite soaring sales, new year starts slowly Maternity-wear specialist Seraphine delivered a profit warning on Wednesday, despite it seeing strong sales growth in the second half of its financial year. Sales in the 17 weeks up…
Levi’s links with British Council on circularity and innovation Levi’s has been inviting UK designers to “reimagine post-consumer denim” as part of the brand’s ongoing commitment to sustainability and innovation. Envisions x Levi’s The US denim giant is partnering with…
Aeffe turns a profit again in 2021 Translated by Nicola Mira AeffeMoschino Moschino accounts for 80% of Aeffe’s total sales – © PixelFormula In 2021, adjusted net income, taking into account the effects of the first application of the IFRS…
Urban Outfitters full-year sales surge on pre-pandemic levels, names new North America president Urban Outfitters In its opening earnings release statement, the Philadelphia-based Urban Outfitters Inc said it viewed the comparison of fiscal 2022 results to fiscal 2020 as a…
