Inside Retail

MARCH 27, 2022

Co-founder and co-CEO Kirsten Kore says the business is in the “right place at the right time” to capitalise on consumers’ growing interest in sustainable alternatives to fast fashion, such as rental. According to FMI, global online clothing rental sales are expected to grow 11 per cent CAGR between 2021 and 2031.

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Independent Retailer

NOVEMBER 8, 2022

This is likely a legacy of the 1970s and 80s, when low-quality and expensive environmental products failed on the market and early socially responsible investments produced low returns. In addition, the financial returns result in greater competitive advantage and innovation.

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Retail Gazette

OCTOBER 19, 2023

Frasers Group stated that at the time of the acquisition, that the online fast fashion retailer owed £13m to its shareholders. The brand needed the loan while it sold through excess stock it was left with after shipping issues peak last year caused delivery delays. pre-pack administration deal in August 2019.

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Inside Retail

SEPTEMBER 4, 2022

However, the birth of fast fashion and the rise of the millennials soon pushed Esprit out of the game – and the Hang Seng Index – in 2013, sparking a continuing downward spiral for the years to come. These brands bring with them strong digital marketing and partnership initiatives.

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