Fashion news
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Shein has overtaken its fast-fashion rival Boohoo for sales. Sales rose 38% to £1.55bn – some 30% more than Boohoo’s £1.09bn last year. Shein opened a UK head office in Manchester last year, which is also home to Boohoo and PrettyLittleThing. It now employs around 33 people, primarily in the marketing department. It is also…
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Mulberry, the struggling UK luxury brand, has rejected a proposed takeover bid by Mike Ashley’s Frasers Group. Frasers, which is majority owned by the tycoon and best-known for its Sports Direct brand, made an offer on Monday that valued Mulberry at £83m. The company is the second largest shareholder in Mulberry, with a 37% holding. It claimed…
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Boohoo has caused upset among its loyal customers after cancelling accounts and charging them for returns. The online retailer has reportedly started closing some premier accounts due to “unusually high returns activity”. Earlier this year, it started charging premier customers £1.99 for returns – but many shoppers have complained that they were not informed. At…
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It’s likely to be one of the last few days that Burberry is included in the list of 100 most valuable companies on the London Stock Exchange – the FTSE 100 – and this morning the British fashion retailer is the biggest loser of the index. Its share price is down 1.69%, the most of…
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Shein found two cases of child labour in its supply chain last year, the fast fashion retailer has said. The company’s 2023 sustainability report, published yesterday, said it suspended orders from the suppliers that had employed children under 16. Both cases had been “resolved swiftly”, it said, with remediation steps including ending underage employees’ contracts,…
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Fans have a bone to pick. Kim Kardashian angered the masses when she showed up to the 2024 Met Gala in a painful-looking corset dress that cinched her waist to near obliteration. The Skims founder ascended the steps at the Metropolitan Museum of Art on Monday night in an intricate John Galliano for Maison Margiela gown that whittled…
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