Fashion

Nike sues shopping platform StockX over sneaker NFTs

Athletics giant Nike has filed a lawsuit in New York against shopping platform StockX for creating and marketing NFTs -- the tamper-proof digital property certificates -- based on the brand's products without permission.

The company's lawyers accused US-based StockX of "minting" NFTs using Nike trademarks and trading on the brand's "goodwill" to market them.

H&M profit soars as sales return to pre-pandemic levels

Swedish low-cost fashion brand Hennes & Mauritz AB said yesterday that its net sales in local currencies have increased by 8 percent in the fourth quarter of 2021 to 56 billion kronor ($6 billion) back at pre-pandemic level with the full year net sales increasing by 6 percent to 199 billion kronor ($21 billion).

Fashion icon of France Thierry Mugler dies

French designer Thierry Mugler, who reigned over fashion in the 1980s and died on Jan. 23, was as famous for his fantastical couture as for his blockbuster fashion shows. He was 73.

Mugler's daring collections came to define the decade's power dressing, with his clothes noted for their structured and sophisticated silhouettes, showcased by his extravagant shows.

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