Mango’s revenue in the first half of the year rose by nearly 25% Spanish fast fashion Mango recently released performance data for the first half of this year. Its sales rose 24.8% year-on-year to 1.213 billion euros, mainly due to the strong growth in demand in the European and American markets. CEO Tony Ruiz said that the performance in the…
Babyghost represents the struggle years of a group of young fashion talents Author | Drizzie It has been ten years since Chinese designer brands started learning by doing. According to fashion business news, fashion designer Huang Qiran Qiaoran recently announced through his personal Weibo and circle of friends that he will shut down the Babyghost brand he co-founded, and has…
The boss of Diesel’s parent company said that it will create an Italian version of LVMH Renzo Rosso, the founder of OTB Group, the parent company of Diesel, said bluntly in an interview with the British “Financial Times” that his plan is to create an Italian version of LVMH and will hire bank consultants to prepare for the listing. OTB…
Michael Kors parent company targets annual revenue of $8 billion Capri Group, which owns three brands of Michael Kors, Versace and Jimmy Choo, held an investor day event on Wednesday. 8 billion US dollars, highlighting the group’s confidence in the long-term development of the luxury fashion industry, and emphasizing that Versace has a strong performance, sales are expected to double,…
The winners and losers of the global fashion industry last week According to the monitoring of Fashion Business News, Yixian E-commerce, the parent company of Perfect Diary, became the biggest winner in the fashion industry last week. 250 million U.S. dollars; Allbirds’ share price has risen by 25%, with a market value of about 730 million U.S. dollars; Crocs’ stock…
It is rumored that Burberry will close its flagship store on Canton Road in Hong Kong, with a monthly rent of HK$6.5 million Affected by the continued downturn in Hong Kong retail sales, Burberry has become the latest luxury brand to withdraw from Canton Road, Tsim Sha Tsui. The flagship store opened in 2011 and covers an area of 5,500…
The winners and losers of the global fashion industry last week According to the monitoring of fashion business news, Fast Retailing Group, the parent company of Uniqlo, became the biggest winner in the fashion industry last week. The stock price has risen by more than 9%, and the market value has exceeded 8 trillion yen; Hongdou shares have risen by…
H&M will accelerate the expansion of Asian and South American markets H&M recently announced that it will officially withdraw from Russia and close about 170 stores. The focus of future expansion will be on the South American and Asian markets. Affected by this, H&M will lose about 2 billion Swedish kronor and nearly 200 million US dollars in revenue this…
Prada will return to Beijing to hold a show According to Fashion Business News, the Italian luxury brand Prada will hold a 2022 autumn and winter men’s and women’s fashion show jointly created by designers Miuccia Prada and Raf Simons at the Prince’s Mansion in Beijing on August 5. Prada has long been closely connected with the Chinese market. As…
Lanvin’s revenue more than doubled last year According to Fashion Business News, Fulang Group’s revenue in 2021 will increase by 52% year-on-year to 339 million euros, a record high, mainly due to the growth of brands such as Lanvin, Wolford and Sergio Rossi. During the reporting period, the global sales of Lanvin, the group’s core brand, surged 108% year-on-year to…
