Business

Fy! acquires marketplace Trouva

London-based Trouva, the platform for independent boutiques and brands, has been acquired by Fy!, the AI-enabled marketplace for home and living. The acquisition doubles Fy!'s business size and is part of its wider strategy to leverage artificial intelligence to offer unparalleled marketplace experiences for sellers and buyers alike. Trouva,...

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Business

Superdry confirms proposed restructuring plan, possible delisting on horizon

Amid heightened speculation surrounding its future, Superdry has outlined its proposed restructuring strategy as part of the company’s broader ongoing turnaround plan aimed at delivering a more financially sound operating model. The struggling retailer said that C-Retail Limited, a wholly owned subsidiary of the company which owns the leasehold...

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People

Dr. Martens names new CEO, projects challenging FY25

Dr. Martens expects its FY24 results to be in line with guidance with direct to consumer (DTC) achieving high single-digit growth in the fourth quarter, compared with a 3 percent decline in the previous quarter as a result of good growth across EMEA, a flat outcome in the USA and a very strong result in APAC, led by Japan. However, for FY25, the...

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Business

Gildan outlines strategic priorities, confirms 2024 outlook

Gildan Activewear’s president and CEO, Vince Tyra has unveiled his key strategic priorities for the company. Concurrently, Gildan also reconfirmed its 2024 full year guidance and said that the preliminary first quarter revenue is expected to come in at approximately 695 million dollars or down about 1 percent year over year. Reflecting on his...

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