Otrium, an online outlet store for fashion brands, said on Wednesday it had raised $120 million from investors as it launches in the US and develops its platform for trading items left unsold at the end of the season.
Frasers Group has bought another company with the purchase of designer fashion retailer Psyche for an undisclosed sum. The company has a 40,000 sq ft shop in Middlesbrough, and a webstore, and employs 58 people in total.
London Fashion Week Men’s has unveiled its provisional schedule for next season and the emphasis is very much on youth and gender fluidity. The three-day season lists 42 separate events, four less than in June 2018.
China's Fosun International announced on Wednesday the appointment of Eran Cohen to CEO of US luxury label St. John Knits. Cohen succeeds Bruce Fetter, who has retired after more than 15 years with the company.
Speculation that Shandong Ruyi was in talks to buy the UK’s Arcadia Group may have been denied by both parties but it has certainly focused attention on the Chinese firm’s global ambitions in the fashion sector.
The next London Fashion Week five-day season kicks off Friday morning; with a major drive to turns things ever more ecological; alongside a bittersweet farewell to the country’s most successful designer this century.
A deal has been struck to sell Bally and while we don’t know how much the deal’s worth, we do know that the Swiss brand will be controlled by one of the world’s biggest textile names, Shandong Ruyi Investment Holding.