After leaving his position as CEO of French event sales site Showroomprivé in December, Thierry Petit has sold his 17.61% stake in the company. Eric Sitruk, soon to own a 7.5% stake, is set to become a board member.
German online fashion e-tailer Zalando has been forced to revise its guidance for the year. It cited a further deterioration in macroeconomic conditions as the EU consumer confidence index fell further in June.
The first monthly retail sales report for June is out and it doesn’t look good. The Confederation of British Industry has released its regular report and said retail sales volumes fell slightly in the year to June.
Fashion supply chain trade show Pure Origin has become the UK’s largest sourcing event. The show, which runs parallel to Pure London on 17-19 July at Olympia London, will feature 20 new ‘Country Pavilions’.
Rwandan designer Moses Turahirwa presented his unisex label Moshions in Florence on Thursday, garnering praise for his fascinating approach to draping and his use of both African and Italian craftsmanship.