Téthys Invest has recently bought a stake in French label Sézane. For the investment firm, a subsidiary of L'Oréal’s main shareholder Téthys, it is the first foray into fashion, as detailed in the following profile.
Liz Truss was named as Britain's next prime minister on Monday, winning a leadership race for the governing Conservative party at a time when the country faces a cost of living crisis, industrial unrest and a recession.
Boohoo co-founder Mahmud Kamani has become an investor in Australian flash sales platform MySale. According to a statement to the London Stock Exchange, Kamani has secured a 4.76% stake, buying over 45 million shares.
ASOS has announced the timetable for its COO/CFO Mat Dunnn — who also stood in as interim CEO of the business after Nick Beighton’s exit — to step down from his roles at the firm as it restructures its executive team.
Just as inflation ravages the big guns of U.S. apparel retail, awash in high inventory and deep discounts to lure shoppers back to stores, Japan's Uniqlo is set for its best year ever in North America.
Lululemon on Thursday raised its annual profit and revenue forecasts as demand from affluent customers for its new belt bags, golf and tennis clothing cushions the blow from a cut in spending by lower-income households.