At Kering’s Imagination Lab in Paris, Grégory Boutté, the luxury group's chief client & digital officer, spoke to the press about cryptocurrencies, AI, test-and-learn and his vision for the metaverse and Web3.
After leaving his position as CEO of French event sales site Showroomprivé in December, Thierry Petit has sold his 17.61% stake in the company. Eric Sitruk, soon to own a 7.5% stake, is set to become a board member.
German online fashion e-tailer Zalando has been forced to revise its guidance for the year. It cited a further deterioration in macroeconomic conditions as the EU consumer confidence index fell further in June.
The first monthly retail sales report for June is out and it doesn’t look good. The Confederation of British Industry has released its regular report and said retail sales volumes fell slightly in the year to June.
London-based Threadology has secured a seven-figure loan from HSBC UK, as the formalwear supplier and retailer scales up operations as demand grows with weddings and formal events returning after restrictions ended.
Birks Group announced on Thursday revenues for the fiscal 2022 year surged by more than 25%, on the back of a hefty increase in comparable store sales, with revenues for the year outperforming pre-pandemic levels.
Easy payments financier Klarna has launched a loyalty card feature on its app. It will allow users to store and access their physical loyalty cards as a digital version “removing the need to carry plastic equivalents".
The wisdom of building major shopping destinations adjacent to giant entertainment complexes has been made very clear with the return of large-scale events at Wembley Stadium boosting London Designer Outlet (LDO).
The second-hand clothing company has changed its name, is focusing on providing services for brands and retailers, and raising another €12 million from the same funds with which it had already raised €7 million in 2021.
Franchise Group is considering lowering its bid for department store chain Kohl's Corp to closer to $50 per share from about $60 apiece, CNBC reported on Wednesday, citing a source familiar with the deal talks.