Etro, the luxury Italian label controlled by the L Catterton fund, has named Marco De Vincenzo as its new creative director. Starting early next month, he’ll be in charge of the women's, men's and home collections.
UK-based threads manufacturer Coats has cut a number of domestic jobs and replaced other roles as part of its new global strategy. The move comes after the the company recently sold its Brazil and Argentina business,
Luxury fabric resale platform Nona Source has launched its first UK showroom at The Mills Fabrica in London. The platform re-values deadstock fabrics and leathers from LVMH Fashion & Leather Goods Maisons.
Zara owner Inditex has signed an agreement worth more than 100 million euros to buy 30% of the recycled fabric to be produced by a Finnish company for three years in a push to use more sustainable materials.
Good news for UK online fashion sales. Not so good news for digital beauty sales. Even worse for the e-tail industry as a whole. And after weak April numbers, it suggests the digital boom could well be over.