Italian fashion group OTB is planning to invest 200 million euros ($226 million) over the next three years, potentially in acquiring other brands, after boosting its financial strength in 2018, it said on Monday.
“Disappointing” was how Asos described its first half as pre-tax profits went into freefall (down 87%). While sales rose 14% for the six months to the end of February, the retail gross margin dropped 60bps.
It’s always a pleasure to return to fashion week in Paris, the climax of a month of international runway shows where designers do what they are meant to do: create visually arresting images along with exciting fashion.
Opening with Benetton’s first-ever show on February 19, and featuring again Gucci, Bottega Veneta and an array of new names, the Milan Fashion Week ending on February 25 looks set for a dazzling edition.