Asos reveals “shifted shopping habits” in 2020 trend report
Online retailer Asos has released its annual trends report, which reveals that the pandemic has shifted 20-somethings’ shopping habits, with activewear and loungewear soaring as shoppers looked for comfort. During lockdown, Asos saw a corresponding uptick in customer demand for activewear, with 188,000 pairs of its Asos 4505 Icon leggings sold...
15 hours ago
Ann Summers launches CVA proposal
Ann Summers has become the latest UK fashion business to launch a company voluntary arrangement (CVA) in a bid to move its stores to a turnover-based rent model. The company said the CVA will only affect the 25 of its 91 stores it was unable to agree revised rent terms for with landlords. The brand has called in FRP Advisory to oversee the...
11 hours ago
Style Capital acquires majority stake in Australian brand Zimmermann
Milan-based investment fund Style Capital has acquired a majority stake in Australian luxury brand Zimmermann. The label, founded in Sydney in 1991 by sisters Nicky and Simone Zimmermann, operates 19 stores in Australia and is internationally known for its upmarket swimwear collections. “We are excited to partner with the team at Style Capital...
Dec. 3, 2020
Bonmarché falls into administration
British fashion chain Bonmarché has fallen into administration, putting more than 1,500 jobs at risk. The company, which has 225 stores in the UK, is owned by British retail tycoon Philip Day, whose other chains Edinburgh Woollen Mill, Peacocks, Jaeger and Ponden Home fell into administration last month. Bonmarché has appointed administrators...
Dec. 3, 2020
Levi's teams with Farm Rio on Brazilian-inspired collection
Levi's has teamed with Brazilian brand Farm Rio to launch a collaborative line inspired by cultural movements and nature. The two brands have created a collection that brings together the tropical color scheme and inspirations of Farm Rio with Levi's iconic denim styles. The collection features 16 pieces, including trucker jackets, ribcage...
8 hours ago
The RealReal and CFDA release new fashion industry podcast
The RealReal has partnered with the CFDA to release a new podcast series, focused on sustainable fashion. The series is hosted by Julie Gilhart, president of Tomorrow Projects and chief development officer of Tomorrow, and Sara Kozlowski, vice president of education and sustainable strategies for the CFDA. The podcast will address an array of...
8 hours ago