Menswear personalised styling service Thread has raised almost £17 million (actually $22 million) in Series B funding with the company’s latest investment round attracting H&M’s investment arm, among others.
Oasis and Warehouse Group CEO Liz Evans is leaving the firm after five years at the helm and will be replaced by current COO Hash Ladha. He is now CEO Designateand will take the top job when Evans leaves next year.
Upscale heritage department store Liberty London said it’s entering an exclusive deal with Secoo, Asia’s biggest premium lifestyle platform, with the Chinese company set to carry the brand exclusively in the region.
Footasylum's latest set of results showed a healthy sales rise but investments and discounting turned last year's profits into a loss underlining the reason why its share price has fallen so sharply of late.
Private equity Clessidra has hired Rothschild to look into the option of finding a minority partner for fashion group Roberto Cavalli to help fund growth, two sources familiar with the matter said on Monday.
Burberry said on Monday it would start releasing limited edition products every month, joining a growing number of rivals in the luxury sector trying to turn out collections more frequently to keep clients hooked.
An Ontario judge sided with Deciem minority investor Estée Lauder and stripped founder Brandon Truaxe of his role as the firm's co-chief executive, after he decided to shut Deciem stores without notice.