Determined to become the leader in vertical lingerie production in Europe, Latvia's European Lingerie Group, formerly Lauma, announced the purchase of French lingerie and swimwear e-commerce site Dessus Dessous.
Italian state-backed investment fund Fondo Strategico Italiano (FSI) has agreed to buy 41.2% of Italian fashion house Missoni, while former Salvatore Ferragamo CEO Michele Norsa will be appointed as deputy chairman.
UK supermarkets giant Tesco isn’t known for sharing lots of information about how well its fashion operations are faring but on Friday, in its latest update, it told us its clothing business is doing reasonably well.
The pioneer of fast fashion isn't looking so fast anymore. Inditex , the world's largest clothing retailer and owner of the Zara chain, faces growing competition from younger, online-only players like Boohoo.
Trading statements and results announcement are being closely watched at present as some global markets prove to be tough for fashion chains. So H&M was in the spotlight on Friday as it reported Q2 sales up 2%.
The struggling American accessories retailer and tween favorite reported on Wednesday slipping European same-store sales in the first quarter of 2018, combined with increased losses, dragged down by restructuring costs.