Walmart’s Flipkart raises IPO valuation target to $60-70 bln, eyes 2023 listing By Reuters Walmart’s Indian e-commerce company Flipkart has internally raised its IPO valuation target by around a third to $60-70 billion, and now plans a U.S. listing in…
Bestseller expands TextileGenesis partnership to boost traceability Bestseller Bestseller The Danish fashion giant, which owns the Jack & JonesVero Moda The deal will be implemented this year and will see it tracing the fibres in approximately 25 million garments from…
Macy’s launches ‘Own Your Style’ platform Macy’s announced on Tuesday the launch of a new brand platform created as a curated destination for style inspiration. Macy’s launches ‘own your style’ tagline, platform. – Macy’s Dubbed ‘Own Your Style’, the digitally…
Desigual returns to profit with a turnover of €371 million Translated by Roberta HERRERA The Barcelona-based brand is recovering from the severe blow of the pandemic. After posting losses of 89 million euros in 2020, falling into the red for…
Kathmandu CEO Reuben Casey departs KMD Brands Limited, formerly known as Kathmandu Reuben Casey – Kathmandu Casey joined the New Zealand-based Kathmandu in 2010 as group financial controller, before ascended the company ranks, serving in roles including chief financial officer…
Fat Face appoints bankers to look at possible sale The owners of Fat Face Photo: Sandra Halliday A report in the Sunday Times said they’ve appointed Rothschild to look at strategic options, including a possible sale of the business. It’s…
Philippe Model, with apparel launch, targeting 20% growth in 2022 Philippe Model The brand’s new apparel – Photo: Philippe Model Founded back in 1981 by the renowned hatter Philippe Model, whose creations would appear on the runways of fashion greats…
Walmart’s long-lasting challenge: luring budget shoppers back to its stores By Reuters API Walmart Inc could face an uphill battle to reclaim U.S. shoppers who opted for the neighborhood dollar store or Aldi rather than driving farther to a Walmart…
Nic+Zoe appoints VP of marketing Boston-based women’s clothing brand Nic+Zoe announced on Tuesday the appointment of fashion industry veteran Jennifer Hudner as vice president of marketing. Jennifer Hudner, Vice President of Marketing at Nic+Zoe. – Nic+Zoe Hudner joins the company…
JD Sports linked with possible Missguided buy… again JD SportsMissguided Missguided Industry sources told Thisismoney that JD It’s unclear whether JD would come in as a partner or would want to buy the whole business. JD was originally reported to…
