JD.com buys back shares following CEO controversy
JD.com will buy back 1 billion dollars worth of its shares. While the Chinese e-commerce giant’s plans are partly due to concerns of China’s economy, this comes just after charges against the company’s CEO have been dropped. CEO Richard Liu will not be charged with sexual assault, following an investigation in Minneapolis. Liu had been…
Jakarta Fashion Week Opens
Jakarta Fashion Week 2019 opened last week to showcase the latest works both from the Indonesian fashion scene and international talents. It is running from October 20 to 26, in Senayan City, Jakarta. Over 2,600 new collections from 204 designers and labels will be showcasing their work in this event. In it’s 11th edition, the…
Marks and Spencer unveils Christmas campaign
Marks and Spencer has launched a dedicated clothing and home festive campaign for 2018 centred around the “must-have” moments that make Christmas, starring the brand’s ambassadors Holly Willoughby and David Gandy. The television ad at the heart of the campaign aims to highlight the important role Marks and Spencer plays for families at Christmas, covering…
Havaianas to launch Mickey Mouse collection
One more capsule collection is set to celebrate the anniversary of Disney’s classic character, Mickey Mouse. After , Berschka, Forever 21 and , it’s time for Brazilian flip-flop brand Havaianas to announce a collection featuring the beloved mouse. Set to launch on November 15 at Havaianas’ stores and e-commerce, the line will include 10 flip-flop…
H&M invests in AI ecommerce site
London-based menswear ecommerce startup Thread has set out to make styling much easier for male consumers and just received 3 million dollars from H&M to do so. The H&M Group’s investment arm, H&M CO:LAB has funded many innovative fashion startups that focus on technological or sustainable initiatives, such as Aday and Worn Again. Thread is…
Farfetch’s Jose Neves urges against luxury discounts
Chief executive officer and founder of Farfetch Jose Neves advised luxury brands to stop offering discounts at department stores. Neves shared this advice with a gathering of c-suite level executives at the New York Times International Luxury Conference, which took place in Hong Kong last week. Neves argued that the common approach of department stores…
Fashion in the news: an eventful year ahead
Every Friday, FashionUnited selects the most interesting reads about the fashion industry published across UK and international news outlets. Here’s what you may have missed this week: The trends to expect in 2019 What can we expect in terms of fashion trends in 2019? The Telegraph published an article this week titled , forecasting the…
ECB launches real-time payments in challenge to tech giants
The European Central Bank will on Friday unveil the first pan-eurozone instant payment service, hoping to become a dominant player in a field crowded by US and Asian tech giants. The so-called TIPS system will allow consumers and businesses across the 19-nation euro area to send and receive money in mere seconds, without the usual…
In pictures: Hans Boodt Mannequins extends closing date of London showroom
London – A pop-up showroom displaying a range of custom-made mannequins is on display for the first time in the heart of Soho, London. While the pop-up showroom was initially planned to stay open until 10 October, it will now be kept open longer, with no closing date yet decided. “We are innovative, creative, Dutch,…
New app to offer sexual abuse victims in the fashion industry free counseling
In the wake of the #metoo and #timesup movements, many fashion professionals have broken the silence about the prevalence of sexual misconduct in the fashion industry. “The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experienced at some point in our careers”, said model Christy…