Fashion

Levi Strauss announced its financial results for the first quarter, with reported net revenues up 3%, organic net revenues up 9% and the Levi’s brand up 8% globally, exceeding previous estimates.

Following the insolvency of Görtz Retail GmbH, several stores have to be closed, among them the 5,000 sq m flagship store in Hamburg as well, for which no interested party has been found.

Bata Group, the renowned shoe brand, is expanding its global presence and has now opened its doors for the first time in Germany at the Isenburg-Zentrum in Neu-Isenburg.

PIER 14 stands for fashion, lifestyle and culinary delights on the Baltic coast. The concept store brand offers guests an experience that goes far beyond ordinary shopping and dining. Previously, their concept store in Zinnowitz was named Store of the Year in 2015 and 2018 (Fashion category) by the German Retail Association. Now, the brand has won its Store of the Year Award for the third time, awarding the “Strandterasse” (beach terrace) in Ahlbeck, Germany in the concept store category.

US fashion retailer Forever 21’s operating company, F21 OpCo, has filed for bankruptcy for the second time in six years, citing weak footfall at physical locations and harsh online competition from fast fashion retailers.

Nordic fashion and lifestyle brand ARKET continues to expand its presence in Europe with the opening of a flagship store in Dublin.

Zalando has secured more than 90% of About You’s share capital excluding treasury shares and intends to carry out a squeeze-out of About You’s minority shareholders.

The Prada Group reports another year of remarkable results and solid progress, as high brand desirability and disciplined execution drove a positive trajectory on both revenue and margins. The Group’s net revenues grew by 17% to 5.4 billion euros at constant exchange rates compared to 2023, a well above-market performance marking four consecutive years of double-digit, like-for-like growth.

Dolce&Gabbana has opened a first-of-its-kind combined beauty and accessories store in London’s Covent Garden. Situated in the historic Market Building, the opening marks Dolce&Gabbana’s return to Covent Garden following the success of its Christmas pop-up on the Piazza in 2022.