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She was controversial, but became one of the most successful fashion designers of all time thanks to her revolutionary ideas

Fashion retailer H&M will launch stores and online trade in Brazil in 2025, the company said on Monday. H&M opened its first store in Latin America in Mexico in 2012, and is currently present in Peru, Uruguay, Chile, Colombia, Ecuador, Guatemala, Panama, and Costa Rica. "With a population of over 210 million in Brazil and a strong appreciation for fashion, there is considerable potential for expansion in the market," H&M said in a statement.

British luxury fashion brand Burberry on Friday reported an 18% rise in its first-quarter comparable store sales, in line with market expectations thank to continued recovery in China. Sales in mainland China, its biggest market, were up 46% in the 13 weeks to July 1, reflecting the country's emergence from COVID-19 lockdowns last year, Reuters said. The FTSE 100 group's trading statement said that sales in Europe rose 17% but the Americas remained a weak spot, with quarterly sales down 8%, broadly in line with the previous quarter.

Italy's luxury fashion groups, which for decades jealously guarded their independence, have started teaming up to protect their supply chains and the Italian roots of smaller companies, showing a new spirit of collaboration. Control of the supply chain has become increasingly important for luxury brands, ensuring products get to shops on time and avoiding reputational risks linked to sourcing of raw materials or labor conditions.

Japan's Fast Retailing, the owner of clothing brand Uniqlo, said on Thursday its nine-month profit soared 22% as its business in China continued to recover from a pandemic slowdown, and it raised its full-year forecast to a new record. Operating profit rose to 330.6 billion yen ($2.38 billion) in the nine months ended on May 31, from 271.1 billion yen in the year-earlier period. The company raised its full-year profit forecast to 370 billion yen from 360 billion yen.