coronavirus | The Business of Fashion

coronavirus | The Business of Fashion


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The News in Brief

The health and beauty chain, also known as CJ Olive Young, is looking to raise $1 billion in a local public offering sources say will take place early 2022.

The Saint Petersburg-based fashion conglomerate's revenues for the first nine months of this year have already surpassed total revenues for full-year 2020.

Mulberry said on Wednesday demand for its luxury products is back at pre-pandemic levels with sales in the UK and Asia powering a 34 percent surge in first-half revenue, as it prepares to benefit from the holiday shopping season.

Mall staples Gap Inc. and Nordstrom Inc. tumbled after reporting disappointing results, adding to a series of worrisome retail earnings and renewing concerns over the global supply chain crisis.

At a time when more international brands than ever are tapping into the power of Chinese celebrities to reach young consumers in the world’s largest fashion and luxury market, those celebrities are coming under intense scrutiny from authorities concerned about their influence.

American Eagle Outfitters Inc said on Tuesday its inventory levels jumped ahead of the holiday season as it spent more on air freight to overcome supply chain disruptions, after posting better-than-expected quarterly results.

The US-based e-commerce platform, which also counts stores in Dubai and Hong Kong among other locations, announced a funding round led by The Radcliff Companies and The Spruce House Partnership.

Britain’s Marks & Spencer (M&S) has bought a 25 percent stake in womenswear brand Nobody’s Child, as it seeks to accelerate a revival in its clothing arm, it said on Tuesday.

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