Latest Articles in Report

Stella McCartney-backed Radiant Matters secures 1.2 million pound investment

Innovative materials start-up Radiant Matters has snapped up a 1.2 million pound investment from Sustainable Ventures alongside other impact-driven and deep tech investors as it looks to fuel its ongoing growth. Based in London, the company develops shimmer and colour effects from plant-based cellulose that can be applied across a number of...

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Classic Football Shirts secures 38.5 million dollar investment to support expansion

Manchester-based Classic Football Shirts has announced that it was the recipient of a 38.5 million dollar investment by multi-stage investment firm The Charnin Group (TCG) as it looks to carry out imminent global expansion plans. The deal puts a strategic focus on the North American market, one of the brand’s fastest-growing regions that...

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MySize revenues accelerate in the first quarter

Israeli startup MySize revenues for the first quarter increased 314 percent to 2.98 million dollars driven by an increase in Orgad sales. MySize develops measurement technology based on sophisticated algorithms and cutting-edge technology with broad applications, including the apparel, e-commerce, DIY, shipping, and parcel delivery industries....

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Marimekko's first quarter net sales increase by 7 percent

Finnish lifestyle company Marimekko’s net sales increased by 7 percent to 37.7 million euros in the first quarter boosted by the growth of wholesale sales in Finland and growth of international net sales. Commenting on the first quarter update, Tiina Alahuhta-Kasko, president and CEO of Marimekko said: “Marimekko had a good start to the year...

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Natura &Co continues mulling possible Avon separation as revenue dips

Brazilian beauty group Natura &Co has confirmed that it is mulling a possible separation with its subsidiary, Avon International, which saw its revenue slip in the first quarter of 2024. In a statement included in the group’s financial report, Fábio Barbosa, group CEO of Natura &Co, said: “Avon International had another challenging quarter with...

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Renewcell sells Kristinehamm plant to Biosorbe

As part of its ongoing bankruptcy proceedings, Renewcell has now announced the sale of its Kristinehamm plant to biomaterial company, Biosorbe. The news follows reports from earlier this year that bankrupt Renewcell had multiple bids for its assets, yet the who and what of these bids remained unclear at the time. It now appears, however, that at...

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Golden Goose reports strong quarterly growth driven by DTC

First quarter revenues at Golden Goose Group of 148 million euros, increased 12 percent at constant exchange and 11 percent on a reported basis. Net revenues in DTC were 106 million euros, up 20 percent at constant exchange and 18 percent on a reported basis. The company’s adjusted EBITDA of 54 million euros, rose 17 percent and adjusted EBIT of...

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Lower revenues from Greater China impacts Tod’s Q1

Tod’s turnover reached 252.3 million euros, down 6.7 percent in the first quarter with the strong impact of currencies and China weakness weighing on the results. The company said in a statement that Tod's and Roger Vivier were visibly affected by the weakness of the Chinese market. However, all brands performed well in the European and American...

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Mytheresa's Q3 net sales grow by 17.6 percent

Mytheresa’s third quarter net sales increased 17.6 percent to 233.9 million euros and GMV rose 14.7 percent to 252.2 million euros. The company reported gross profit growth of 12 percent to 101.6 million euros with 43.4 percent gross profit margin and improved Adjusted EBITDA margin to 3.9 percent compared to the same period last year....

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VF Corporation is mulling a sale of streetwear brand Supreme

In less than four years since its acquisition, VF Corporation is reportedly mulling a sale of its streetwear brand Supreme. Back in December 2020, the group bought the New York skater brand, valuing it at 2.1 million dollars, making it one of the largest fashion transactions of the year. According to WWD, VF Corp is considering divesting Supreme...

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Esprit Europe files for bankruptcy

Esprit Europe and six other companies of the fashion group have filed for insolvency in self-administration with the Düsseldorf Local Court. The company said in a statement that the Munich law firm Gerloff Liebler Rechtsanwälte, which has carried out restructuring of Escada, Gerry Weber, Adler Modemärkte, Hallhuber, Laurèl and Tennis-Point among...

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Zalando appoints new general manager for sports

European fashion and lifestyle e-tailer Zalando has appointed Nina Graf-Vlachy as its new general manager for sports to support the expansion of its sports lifestyle proposition. Graf-Vlachy, who was with sportswear brand Puma for over a decade and served as their managing director of central Europe, will start at Zalando in August and report to...