With the acquisition of LXRandCo., a Canadian provider of pre-owned luxury handbags, Fashionphile is eyeing its next stage of growth as a B2B resale distributor.
The luxury resale platform’s stock soared 30 percent on Wednesday.
Fast fashion giant H&M has eliminated free returns for online purchases in the UK, where customers will now be required to pay £1.99 for both parcel and in-store returns.
As part of a strategic review, for which HanesBrands has tapped Goldman Sachs as an advisor, its board will consider a range of options, including a strategic transaction as well as continuing to operate the brand.
The platform, which powers peer-to-peer transactions of everything from toys and TVs to industrial equipment and handbags, is launching a new fashion consignment service that will connect users with expert sellers to list and sell pre-owned pieces on their behalf.
Mansur Gavriel, a New York-based accessories brand that launched in 2013, has hired Maria Borromeo to be its new chief executive, the company announced.
The 32-piece collection is designed to be unisex and includes monochromatic basics such as leggings, blazers and denim, priced between $30 and $130.
Former Givenchy artistic director Clare Waight Keller has designed a collection for Uniqlo, dubbed Uniqlo: C, which will be available to purchase in mid-September.