Asos and Boohoo, two big names in the world of online fast-fashion, have posted troubling updates today, as questions loom over the viability of the sector in an era of high inflation.
H& M got mixed reviews for its latest sales update even though the European fashion retailer beat expectations across all its markets. Total sales rose by.
Net sales at the firm rose by 17 per cent, or 12 per cent when measured in local currencies, to 54.5billion Swedish crowns (£4.36billion) between 1 March and the end of May.
Boohoo shares sink as costs hit online fashion group kuwaittimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kuwaittimes.com Daily Mail and Mail on Sunday newspapers.
News that Aston Martin Lagonda Global Holdings PLC (LSE:AML) has swapped out its German boss, who had been poached from Mercedes, in favour of 75-year old.