European Commission Targets Fashion Corporations in Antitrust Investigations

19 Apr

PARIS – The European Commission is once more taking aim at the style sector with several investigations into anti-competitive practices. Antitrust regulators on Tuesday conducted unannounced inspections on a lot of undisclosed firms in several countries of the 27-member bloc to research business practices that could lead on to fragmentation in the one market. Price fixing, collusion and limiting production are among the many infractions being investigated, the EC said in a press release. “The Commission has concerns that the businesses concerned can have violated EU antitrust rules that prohibit cartels and restrictive business practices including certain horizontal and vertical restrictions,” it said. “Unannounced inspections are a preliminary investigative step into suspected anti-competitive practices,” it added. Investigators are on the lookout for evidence...

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12 Apr

Rent the Runway Targets 25% Increase in Lively Subscribers

by Beauty Tips

Fashion, Featured

Jennifer Hyman has been busy at Rent the Runway Inc., cutting costs, refinancing debt and, finally, sweetening the service. Now the payoff might just be starting to return with some signs of traction in the corporate’s fourth-quarter update. “The main headline for 2022 is just, we made Rent the Runway a financially stronger business,” Hyman, chief executive officer and cofounder, told WWD. “We’re at a degree now where our gross margins are healthy, our cost structure is right-sized, inventory acquisition is efficient, and 2023 is the yr where we're going to make significant progress towards profitability.” Fashion rental service ended its fiscal yr on Jan. 31 with 126,712 energetic subscribers, a ten percent annual increase. But Hyman and the corporate need to grow much...

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31 Oct

Within the Highlight: Adium Targets Mature Men With Sophisticated Essentials

by Beauty Tips

Fashion, Featured

It’s a far cry from the truth TV business, but in the course of the pandemic Mark Grove and Troy Queen, who spent 15 years in Los Angeles, California, working on shows resembling “Extreme Cougar Wives” and “Treehouse Masters,” were trying to find multipurpose clothes they may wear at a house office, to the gym, for a lunch date and out for drinks at night. Clothes that were appropriate for men of their 40s and older. But they didn’t find any. In order that they got down to make their very own. After consulting with Grove’s sister, who's the chief merchant for Kate Spade, they began to assemble a team. They hired former J. Crew designer Jeffrey Uhl to bring their vision...

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