U.S. Customs and Border Protection (CBP) at Washington DC's Dulles International Airport seized 400 pairs of fake Air Jordan sneakers. If authentic, the sneakers would have had a street value of approximately $55,000.
Highsnobiety, founded in Berlin by David Fischer, said on Friday it had secured $8.5 million in funding, becoming the latest lifestyle startup to win backing from investors led by Frederic Court’s Felix Capital.
Japanese online marketplace Mercari is planning to go public in June, according to local media reports on Friday. The app-based e-tailer sells domestically, in the US and the UK, and will use funds to expand globally.
Primark remained the star brand in owner ABF's portfolio in the Christmas trading period, despite some tough times in Europe early in the season. It was helped by UK strength and a European recovery after a weak October.
On 21 and 22 January the bi-annual fashion trade show Modefabriek will take place at Amsterdam Rai. The event will bring together 600 brands and host talks, fashions shows and other events for fashion professionals.
Uniqlo has just announced that it will this year open in giant rival H&M’s backyard with a debut in Sweden. It will actually be its first entry in the Nordics region and will start with a store in key market Stockholm.
German e-tailer Zalando is to push ahead with its strategy of investing to gain market share in 2018 and reported preliminary Q4 sales growth in line with expectations, despite a tough clothing market in early autumn.