Category Archives: Fashion

Superdry returns to profit despite talks on £70m debt pile

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Founder Julian Dunkerton says being ‘cool again’ with TikTok generation helped turn previous £37m loss into £18m profit

Superdry is in talks with its banks to renegotiate up to £70m debt, the fashion retailer revealed on Friday, but investors shrugged off concerns to send shares soaring more than 14% as founder Julian Dunkerton announced a return to profit.

Dunkerton claimed Superdry “was cool again”, with strong demand from the TikTok generation for items such as parachute pants and Afghan coats, as he revealed pre tax profits of £18m, a bounce back from a loss of almost £37m a year before as sales rose almost 10% to £610m in the year to 30 April.

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Collared: Jared Leto to play Chanel supremo Karl Lagerfeld in biopic

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The fashion-friendly actor will star as the larger-than-life designer, who died in 2019, in a new film project

Jared Leto’s foray into fashion continues. After playing Paolo Gucci in Ridley Scott’s sprawling House of Gucci last year and Gucci designer Alessandro Michele’s “twin” at this year’s Met Gala, he will now star as Karl Lagerfeld in a new biopic of the designer.

Lagerfeld, who died in 2019 at the age of 85, was one of fashion’s larger than life characters, so he undoubtedly has a theatrical dimension that would appeal to an actor. According to an interview with Women’s Wear Daily, when Leto first met Lagerfeld, he said to him: “You know, one day I have to play you in a movie.” Lagerfeld answered appropriately in fashion speak: “Only you, darling, only you.”

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Franca Fendi, inheritor of Italian fashion house, dies aged 87

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Fendi and her sisters took luxury brand to new creative heights by bringing in Karl Lagerfeld in 1960s

Franca Fendi, one of the five sisters who inherited a small Roman leather goods workshop and together transformed it into a luxury fashion house, has died in Rome on Monday. She was 87.

Born in 1935, she participated from a young age in the management of the company that from the 1960s onwards, under the guidance of the sisters, became a global luxury powerhouse famed for its reimagining of the classic fur coat.

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Issey Miyake and Off White celebrate late founders at Paris fashion week

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Parentless labels reveal collections, with Miyake’s fluid inventions repurposed for 2023

What happens to a fashion house after its founder dies? If you’re Issey Miyake and Off White, two labels made parentless in the past 12 months, you carry on making collections in their name while peering through the sartorial looking-glass as you figure out what to do next.

Closing was never an option for Issey Miyake. The first Japanese designer to crack Paris fashion week, Miyake’s name was already a byword for cutting-edge style and Steve Jobs polo necks when he died in August aged 84. Miyake had not designed at his label since 2020 (Satoshi Kondo is the current creative director) but his fingerprints have always been all over the label’s collections.

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Myanmar model who criticised junta says Canada has granted her asylum

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Thaw Nandar Aung, AKA Han Lay, feared being sent home after she was stopped at Thai border last week

A Myanmar fashion model who was denied entry to Thailand and feared arrest by the military government in Yangon if she was forced back home from exile has flown to Canada, which she says has granted her asylum.

Thaw Nandar Aung, also known as Han Lay, left on a flight from Bangkok’s Suvarnabhumi airport early on Wednesday, according to Archayon Kraithong, a deputy commissioner of Thailand’s Immigration Bureau. He said he was not authorised to reveal her destination.

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‘It felt important to keep going’: grief hands London fashion week a dilemma

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Whether to pay homage to the Queen amid the party dresses has divided participants

There was only one show in town in London this weekend, and that was the Queue. But the catwalks of London fashion week soldiered on.

“It felt important to keep going, because this is a time when London needs to stick together, and right now some of this city’s young designers are at risk of losing their businesses,” said the designer Jonathan Anderson after his JW Anderson show.

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Luis Vuitton reduces thermostat and light use in shops to save energy

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LVMH announced measures after Emmanuel Macron urged France to reduce power consumption

LVMH, the owner of Louis Vuitton, plans to lower the thermostat at its stores around the world as part energy-saving measures this winter.

The French conglomerate will also turn off the lights at its stores earlier, starting in France in October before being deployed worldwide.

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Asos sales weaker than expected as cost of living crisis bites

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August slump leads to online fashion retailer downgrading annual growth forecast to about 2%

Asos said sales in August were weaker than expected and warned that full-year profits would be at the bottom end of its guidance, with the cost of living crisis hitting cash-strapped shoppers.

The online fashion retailer, which made more than £190m in profits last year, expects profits for the year to the end of August to be about £20m.

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Kate Moss taps into wellness boom with journey into Cosmoss

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Supermodel joins list of celebrities delving into lucrative wellness business with products that ‘help find inner peace’

Once nicknamed “the tank” for her ability to guzzle champagne, the original 90s It model Kate Moss has swapped partying for dawn meditation and night-time tisanes.

On Thursday, Moss has launched her own wellness brand, Cosmoss, featuring six products including vegan skincare and mood-boosting teas, ranging from £20 for a canister of Dawn Tea to £120 for a Sacred Mist fragrance. “A story of reconnection from soul to surface. There is a magic to Cosmoss and I can’t wait for you all to uncover it, just as I did,” reads a statement in a press release.

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Why politicians can’t resist striking a pose in Vogue

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British prime minister-in-waiting Liz Truss is said to want to appear in the fashion glossy, but she should be careful what she wishes for

Liz Truss, heavily tipped to be the next leader of the Conservative party, would like to get into Vogue. We know this because she asked the Scottish first minister, Nicola Sturgeon, how to go about it at the Cop26 climate conference last November. Sturgeon said Truss “looked a little bit as if she’d swallowed a wasp” when she told her she had made its pages twice.

“This is going to sound really up myself but I don’t mean to … I’d just been interviewed by Vogue, as you do … that was the main thing she wanted to talk to me about – she wanted to know how she could get into Vogue”, Sturgeon told an Edinburgh fringe event last week.

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The 23-year-old fashion designer dressing Colombia’s first black female vice-president

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When Francia Márquez became the South American country’s VP elect, she chose the unknown Esteban Sinisterra Paz to create her outfits

Esteban Sinisterra Paz, a 23-year-old fashion designer from Colombia’s conflict-ridden and impoverished Pacific region, had not long started his career when he received a call from a history-making client.

Francia Márquez – the renowned environmental activist and Colombia’s first black female vice-president-elect – was on the line, and she wanted two outfits made.

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Burberry sales fall 35% in China on back of Covid lockdowns

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Lola handbag range and signature trenchcoat give luxury fashion retailer boost elsewhere

Burberry has reported sales growth of only 1% in its latest financial quarter because of the impact of Covid-19 lockdowns in China, while sales were boosted elsewhere by its Lola handbag range and signature trenchcoat.

The luxury fashion retailer said sales fell 35% in mainland China because of restrictions and store closures to contain the latest outbreak of the coronavirus, while sales grew 16% across the rest of the world in the 13 weeks to 2 July.

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Boohoo starts charging shoppers £1.99 to return items

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Processing of unwanted items has become increasing problem for retailers since Covid online boom

The fast fashion website Boohoo has become the latest online retailer to start charging shoppers to return items.

Boohoo customers will now have to pay £1.99 when they send unwanted goods back, and the cost will be deducted from the amount they are refunded.

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Dior v Valentino: row breaks out after Rome show allegedly blocks boutique

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Dior reportedly demands €100,000 compensation from Valentino after Spanish Steps show ‘hampered’ access to store

A row has broken out in the world of high fashion after the French house Dior demanded compensation from Italian rival Valentino for allegedly blocking access to a Dior boutique during a show on the Spanish Steps in Rome, according to a claim by fashion website Women’s Wear Daily.

Valentino positioned its audience of fashion editors, photographers and celebrities – among them Naomi Campbell, Kate Hudson and Anne Hathaway – at the foot of the 18th-century travertine staircase in Piazza di Spagna. The Dior shop on Via Condotti looks on to the piazza.

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Florence Pugh hits back at ‘vulgar’ criticism of her body on social media

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Black Widow actor rails at ‘how easy it is for men to totally destroy a woman’s body, publicly, proudly, for everyone to see’

Florence Pugh has hit back at “vulgar” social media users who criticised her body, after she posted photographs of herself wearing a sheer dress at a fashion show.

“What happened to you to be so content on being so loudly upset by the size of my boobs and body?” said Pugh in an Instagram post on Sunday to her 7.4 million followers.

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V&A to display its first African fashion exhibition

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Galleries will showcase designers who are often overlooked, in an effort to acknowledge colonial histories within the museum

The Victoria and Albert Museum will open its first African fashion exhibition this week, more than 170 years after it was founded.

Featuring designers who have worked with names including Beyoncé and architect David Adjaye, Africa Fashion aims to look across the fashion of the continent, exhibiting designs, photographs and films from 25 of the 54 countries.

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Missguided will not refund customers, administrators confirm

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Shoppers air frustration at UK fast-fashion retailer’s failure to honour refunds after falling into insolvency

Customers of the collapsed fast fashion retailer Missguided will not receive refunds for returns, administrators of the business have confirmed.

It comes after the Manchester-based company fell into insolvency last month after racking up millions of pounds in outstanding payments to creditors.

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Pakistani garment workers left destitute and starving after Missguided collapse

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Fashion retailer’s suppliers in Pakistan have sacked hundreds without pay, as invoices for completed orders remain unpaid

Hundreds of garment workers in Pakistan making clothing for collapsed fast fashion brand Missguided say they have been left destitute and starving after not receiving salaries for more than four months.

The workers, who typically earn between £100 and £160 a month, say that despite not being paid they have continued working even as the Manchester-based retailer went into administration, with suppliers claiming the company owes them millions of pounds for clothing already completed and shipped.

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Boris Johnson hosts champagne party to celebrate sustainable UK fashion

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PM pledges £80m of government funding to move industry to circular model

There has been little cause for celebration in Downing Street this week. But on Wednesday evening the prime minister, accompanied by his wife, Carrie Johnson, and their children, hosted a champagne reception in honour of sustainable fashion.

Boris Johnson pledged £80m in government funding for a programme of structural change which the British Fashion Council believes can move the UK industry toward a circular model.

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Fast-fashion giant Shein pledges $15m for textile waste workers in Ghana

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Gesture announced at Copenhagen sustainability summit earns praise – and some cries of ‘greenwashing’

Chinese fashion behemoth Shein might be the organisation least expected to win applause at an international conference on fashion sustainability, but that’s what happened at this week’s global fashion summit in Copenhagen.

The industry’s largest forum for sustainable progress saw the ultra-fast fashion brand praised for making a donation of $15m (£12m) over three years to a charity working at Kantamanto in Accra, the world’s largest secondhand clothing market.

Liz Ricketts, director of the Or Foundation, a Ghana- and US-based not-for-profit working with Accra’s textile waste workers, announced the fund, tearfully telling the audience that the workers are doing “backbreaking” work.

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