In January, the outdoor sportswear and equipment e-tailer has raised fresh capital worth €3 million with Sport & Performance Capital, SGPA and a pool of business angels, to boost its digital tech capabilities.
It may have delivered a trading update on Thursday in which its sales soar, but Dr Martens shares fell on the news as investors worried over its future growth prospects, falling as much as 14% after the release.
H&M had good news on Friday as it reported results to the end of November. It said it’s back to pre-pandemic levels and is fully focused on growth with ambitious plans to double its sales by the end of the decade.
Luxe fashion e-tailer Farfetch has big beauty ambitions and is to launch the category on its marketplace this year. Ahead of that, it's buying Violet Grey, with the founder to play a key role in its wider beauty plans.
Authentic Brands Group on Thursday announced Al Boom Marine as its new operating partner for Reebok in the GCC, the Middle East including Iraq and Lebanon, and North Africa including Algeria, Egypt and Morocco.
Swiss watch exports rebounded sharply in 2021, breaking the record set in 2014 by rising to nearly 22.3 billion Swiss francs ($24.1 billion, 21.5 billion euros), the industry federation announced Thursday.