×

Business

Alibaba-rival Pinduoduo beats revenue estimates as online shopping demand soars

Alibaba-rival Pinduoduo beats revenue estimates as online shopping demand soars

China’s Pinduoduo Inc beat first-quarter revenue estimates on Friday as more people shopped on its e-commerce platform during coronavirus lockdowns that have shut most brick-and-mortar outlets.
Fashion
Business
South Africa's Truworths warns on profit, UK footwear options open

South Africa's Truworths warns on profit, UK footwear options open

South African retailer Truworths said on Monday that its full-year profit was likely to fall by at least 30% and it was unlikely to pay a dividend, while all options were open for its British footwear business.
Fashion
Business

Alessandro Michele calls for reformulation of fashion season; and says Gucci will stage digital show in Milan in July, but not in September

One day after Alessandro Michele, creative director of Gucci, revealed on Instagram that the brand would in future stage only two shows per year, the designer called for a reformulation of the fashion calendar. 
Fashion
Catwalks

Bernard Arnault buys one-quarter stake in fellow French patron Arnaud Lagardère’s holding company

Bernard Arnault, Europe’s richest man, has acquired a one-quarter stake in Arnaud Lagardère’s holding company, in a move that will be seen as an attempt to support the family of his fellow French billionaire.
Fashion
Business

Trade shows

Parisian trade show Tranoï looking for new partners

Parisian trade show Tranoï looking for new partners

In mid-April, Tranoï filed for a protection procedure to navigate the period of uncertainty caused by the Covid-19 pandemic, and is now looking for new investors to bolster its evolution.
Fashion
Trade shows
Valmont Barcelona Bridal Week to present new format in September

Valmont Barcelona Bridal Week to present new format in September

The bridal showcase has announced that its upcoming edition will take place on 4-10 September with a flexible and hybrid format that combines physical and digital initiatives.
Fashion
Trade shows

Pitti Uomo to launch new e-marketplace ahead of September show

At the end of June, ahead of the new digital fashion weeks, Pitti Immagine will launch Pitti Connect, an online platform and marketplace reserved to the exhibitors of its physical shows, now postponed to September.
Fashion
Trade shows

Cannes travel retail show cancelled as duty free reels from air travel halt

The Tax Free World Association has cancelled its flagship World Exhibition that was due to take place in Cannes in September and October.
Fashion
Trade shows