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Business

Flipkart's digital payments firm PhonePe to raise $700 million from existing investors

Flipkart's digital payments firm PhonePe to raise $700 million from existing investors

PhonePe, the digital payments unit of Walmart's Indian e-commerce arm Flipkart, said on Thursday it would sell a stake to existing investors for $700 million.
Fashion
Business
Mr Porter's Bateman joins Hodinkee as CEO as it raises $40m for expansion

Mr Porter's Bateman joins Hodinkee as CEO as it raises $40m for expansion

​Watches specialist Hodinkee has announced the closing of a $40 million funding round and the arrival of Toby Bateman, the former Mr Porter MD, as its CEO.
Luxury
Appointments

Guess posts improved earnings in third quarter

The American fashion retailer reported Q3 net earnings of $26.4 million, or $0.41 per diluted share, on Wednesday, up from $12.4 million, or $0.18 per diluted share, in the prior-year period.
Fashion
Business

PVH tops Q3 estimates with 18% decrease in revenues

The New York-based owner of Tommy Hilfiger and Calvin Klein announced an 18% decline in its third-quarter revenue on Wednesday, a significant sequential improvement compared to the decreases in the last two quarters.
Fashion
Business

Design

Versace to debut new Trigreca sneaker on ComplexLand

Versace to debut new Trigreca sneaker on ComplexLand

The house Versace, with Donatella playing the role of an avatar, will next week debut its new Trigreca sneaker on ComplexLand, the virtual and immersive street culture festival.
Luxury
Retail
Chanel teases next Métiers d’Art show with dark Juergen Teller video

Chanel teases next Métiers d’Art show with dark Juergen Teller video

Chanel has teased its next Métiers d’Art show with a dark Juergen Teller video shot at the event’s location, the Château de Chenonceau. Scheduled to be staged in the famed Loire Valley chateau on Thursday at 7p.m. CET.
Luxury
Catwalks

Moncler moving its next Genius event to China in 2021

Moncler has decided to stage its Moncler Genius 2021 event in China, the first time the brand has moved its annual, multi-designer project outside of Europe, following two mega events in Milan.
Luxury
Catwalks

For fashion designer Vanessa Bruno 'products made to be worn for six months are now completely obsolete'

Vanessa Bruno and Ecopel have worked on a winter coat made from hemp-based wool. As it launches, designer Vanessa Bruno discusses the collaboration and the materials shaping the future of fashion. 
Luxury
Industry

Appointments

OTB: Francesco Tombolini joins Staff International

OTB: Francesco Tombolini joins Staff International

The company that produces and distributes the labels owned by Renzo Rosso’s fashion group has appointed Francesco Tombolini, whose career in luxury spans nearly 40 years, as head of business development and licenses.
Fashion
Appointments
Chloé announces departure of Natacha Ramsay-Levi

Chloé announces departure of Natacha Ramsay-Levi

As anticipated by FashionNetwork.com earlier this year, Richemont-owned Parisian label Chloé is bidding farewell to its creative director after four years. A successor has not yet been named.
Luxury
Appointments

Mr Porter's Bateman joins Hodinkee as CEO as it raises $40m for expansion

​Watches specialist Hodinkee has announced the closing of a $40 million funding round and the arrival of Toby Bateman, the former Mr Porter MD, as its CEO.
Luxury
Appointments

Asos global brand director Williams moves to eBay UK to head marketing

eBay UK has has appointment former Asos global brand director Eve Williams to become the auction and retail giant’s chief marketing officer, with immediate effect.
Fashion
Appointments

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