Adidas ends Kanye West partnership on antisemitism, expects huge loss
Adidas terminates partnership with Kanye West due to his antisemitism, but expects a EUR250m loss on net income in the short-term.
Source: just-style.com
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Frasers Group ups stakes in Asos and Hugo Boss
Frasers Group, the owner of Sports Direct, has upped its stakes in both online retailer Asos and luxury fashion brand Hugo Boss.
Source: just-style.com
Caution for US-Nicaragua fashion sourcing as Biden takes action
US signs executive order to target Nicaragua's regime and Dr Sheng Lu advises US fashion companies sourcing from the region to watch closely.
Source: just-style.com
Growing concerns over pre-owned trend amid launch of Zara's platform
Zara is set to launch its new Resale, Repair and Donation platform as a part of its ongoing commitment towards a more sustainable model.
Source: just-style.com
The Very Group FY22 revenue down 7.3% from record FY21 results
The Very Group's full year 2022 (FY22) results show its Group revenue was down 7.3% to GBP2.148bn from its record FY21 results.
Source: just-style.com