Business

Macron announces “record” year with turnover exceeding 220 million euros

Italian sportswear brand Macron, known for its teamwear across football, rugby and basketball, has reported a “record” 2024 with double-figure growth as the UK becomes its most relevant market alongside Italy. In a statement, Macron said consolidated turnover exceeded 200 million euros at a final figure of 223.6 million euros, 13.7 percent...

11 hours ago

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Fashion

Arab Fashion Council launches fashion fund for emerging designers

The Arab Fashion Council (AFC), a non-profit organisation looking to reshape and elevate fashion across the Arab region, has launched a new biennial fashion fund to support emerging designers and propel them into global brands. The AFC Fashion Fund has been designed as a four-season brand-building accelerator, where it will select one...

12 hours ago

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Capri reaffirms strategic investments into Michael Kors following Versace sale

Last week, the long-rumoured Prada takeover of Versace was finally confirmed. And, while many began to speculate on what could come from the merging of the two Italian giants, at Versace’s now former owner, US conglomerate Capri Holdings, plans are already seemingly underway for the remnants of its portfolio. Following the announcement of Prada’...

14 hours ago

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The Gucci paradox: While new sales collapse, second-hand sales explode

Despite a sharp 23 percent drop in retail sales in 2024, Gucci remains a standout in the resale market—particularly on Vestiaire Collective. The resale platform highlighted this surprising dynamic in its newly released Vestiaire Value Ranking, which identifies the brands offering the best resale value. By analyzing the accessibility,...

15 hours ago