SMCP has had to deal with plenty of background ‘noise’ of late as issues around its parent company persist. But it’s remained laser-focused on driving sales back to more normal levels and saw some success in Q3.
The famous Florentine luxury retailer has finalized the sale of a 40% stake to Italian investment fund Style Capital. Founder Andrea Panconesi, has retained his role as president, while Alessandra Rossi has become CEO.
Fashion brand Ted Baker is to make its first foray into fashion gaming this month as it puts marketing support behind its AW21 offer. It’s launching its own universe on Nintendo’s Animal Crossing: New Horizons.
Adidas and Beyoncé have unveiled the first Ivy Park collab collection with fast-expanding home fitness brand Peloton. The line follows the announcement of Beyoncé’s partnership with Peloton last year.
Zalando has announced an interesting development this week as it aims to “elevate the visual experience for customers” by piloting “virtual production” in a Designer category partnership with Orendt Studios.
Fast Retailing’s Uniqlo brand said its Beijing Sanlitun Global Flagship will open in China’s capital on November 6. It’s only the third of its Global Flagship format on China’s mainland and its very first in Beijing.
E-tail giant Alibaba is seeking to dethrone Chinese rival Shein from its powerful position in fast-fashion online retail with the launch of its own value-focused, trend-responsive fashion platform AllyLikes.