In Q3 of the current financial year, closed at the end of January, the fashion e-tailer recorded a 47.5% growth in sales, which were worth €164.8 million. Sales in the year’s first nine months grew by a solid 36.2%.
Covid-19 has boosted e-tail, especially for multibrand sites and leading luxury labels, according to a study by Bernstein for Altagamma. An evolution that means other labels need to rethink their commercial strategy.
Fashion Week Tel Aviv celebrates its 10th anniversary this coming week, with four days of shows in a digital season, as a new generation of local design talent begins to capture international attention.
The offering of 17,994,117 American Depositary Shares (ADSs) represents 17,994,117 ordinary shares, including the full exercise by the underwriters of their option to purchase 2,347,058 additional ADSs.
If anyone is enjoying a great January it has to be Michael Kliger, CEO of Mytheresa.com, who this month pulled off an IPO valuing the online retailer at $2.2 billion. We spoke with him three hours before going public.
American-born executive Ian Rogers is to exit 24S, the fledgling e-commerce wing of LVMH, the world’s largest luxury conglomerate, as part of a major shakeup in digital and information technology within the group.