Retail
Resale surge and value retail strategies redefine fashion spending
Rising living costs across Europe are accelerating a structural shift towards resale, with Vinted emerging as a key beneficiary. The platform reported gross merchandise value of 10.8 billion euros, up 47 percent year on year, while revenues climbed 38 percent to 1.1 billion euros. Founded in 2008 in Lithuania, the company has scaled rapidly...
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People
Stefano Gabbana steps down as chairman of Dolce & Gabbana
A farewell to the creative duo Dolce & Gabbana. Stefano Gabbana has stepped down as chairman of Dolce & Gabbana. Alfonso Dolce has taken over the role. Gabbana is now considering the future of his 40 percent stake, marking a crucial phase for the fashion house. Gabbana, 63, founded the fashion house with then-partner Domenico Dolce This was...
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