Author: Bloomberg
Zalando SE is being investigated by Germany’s financial regulator after failing to note in its annual report that Danish billionaire and biggest shareholder Anders Holch Povlsen also held a stake in a company it bought last year. Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.
The fast-growing Swiss running brand plans to leverage its robotic manufacturing to disrupt a lucrative soccer lifestyle market currently dominated by Nike and Adidas.
H&M AB reported disappointing sales, posing a fresh challenge to the Swedish fast-fashion retailer’s turnaround efforts amid intense competition and cautious consumer spending. Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.
David Denton will take over on Aug. 17, succeeding Matthew Friend.
Amazon.com Inc.’s Prime Day kicks off this week. So does the annual game of guessing just how many billions of dollars the online giant has taken in the summer bargain bonanza. For the sake of its investors, not to mention economists trying to gauge the health of the US consumer, Amazon should release sales figures after the four-day event concludes on Friday, rather than just make vague statements. Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.
Though the activewear maker faced intense criticism, it may be able to overcome its misstep in a nation that accounted for 16 percent of sales last year, writes Juliana Liu.
Swiss watch exports barely expanded in May after two months of declines, suggesting the industry is feeling the effects of fallout from the conflict in the Middle East. Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.
The Daily Digest NewsletterThe essential daily round-up of fashion news, analysis, and breaking news alerts.Plus, access one complimentary BoF Professional article of your choice, each month.SubscribeNewsletter preferencesReceive news, offers and invites from BoFOur newsletters may include 3rd-party advertising, by subscribing you agree to the Terms and Conditions & Privacy Policy.
Gareth Penny is the frontrunner to buy the world’s biggest diamond miner after the Iran war hampered other bidders.
The Italian company is considering selling some properties, including in Milan’s city centre, and then leasing them back to free up cash.