Raen is expanding directly in Europe with the formation of a new European division, Raen Optics GmbH, or Raen Europe. Christian Grund, founder of Raen’s former European eyewear distributor, Eyegents, will lead the geo.
Virtualstock, a London-based tech startup whose cloud-based inventory solutions are used by retailers including John Lewis and Wonderbra, has completed a fundraising round that valued the business at nearly £70m.
MHL by Margaret Howell is the latest name to be confirmed for Coal Drops Yard in King’s Cross with the centre that opens soon being one of the most interesting of recent years as far as its brand line-up is concerned.
Celebrity-backed affordable eyewear brand Privé Revaux is expanding into France through a distribution agreement with Ikspan. The brand will launch at retail with Krys Group, France's largest eyewear distributor.
Set at a height of 2,100 metres in the heart of the Dolomites, the pop-up is reachable only on foot and features jackets and backpacks worn by The North Face athletes such as Alex Honnold and Conrad Anker.
Selfridges is continuing its strategy of frequent, exclusive product launches and interesting pop-up stores with the latest including an exclusive Red Valentino capsule, a Fendi Kiosk, plus Medea and Réalisation Par.
Aeffe had a strong first half as success in Greater China helped to drive net profits up by almost 80% and it also turned in a healthy double-digit revenue rise, with the increase spread across both RTW and leathergoods.
Walmart has quietly shuttered its employee delivery program, announced last year as part of a multi-pronged strategy to boost its $11.5 billion U.S. ecommerce business by tapping its massive workforce.