Even before the official launch of its second-hand service, Soeur had already recorded strong interest from thousands of customers. The French premium womenswear brand invited its clientele to participate in this new initiative, which went live on Feb. 26. As part of the project, the label, acquired last year by the Style Capital fund, has introduced a “Second hand” tab on the homepage of its e-commerce site.
Soeur launches its second-hand offer on February 26. – Soeur
The initiative, which took several quarters to develop, was created in collaboration with resale specialist Faume. Customers can drop off their old pieces at Soeur boutiques.
“We take back all products from collections after 2021, provided they are not damaged. Customers receive a voucher that, for the launch phase, is worth approximately 50% of the product’s full-price value,” explained Freja Day, Soeur’s general manager. She also noted her surprise at the overwhelming customer interest in the initiative.
Launching a second-hand platform remains a bold move as brands continue to refine profitability models for resale. “We approached this project more from a CSR conviction,” said Day. “This has been on our radar for some time, but before, we were too small to take on such a complex initiative. Now, we’re in a better position to absorb it. We started by working on material certification and factory audits, then trained our teams on the Climate Fresco. We’ve built collective expertise on these issues. It’s an important topic and one that resonates internally. I also see it as a long-term brand positioning strategy. Soeur has always promoted a timeless vision of fashion—classic with a subtle twist, designed to stand the test of time. This project allows us to demonstrate that commitment.”
For Day, the initiative also reinforces the creative vision of Domitille Brion, Soeur’s creative director and co-founder. The 52 Soeur boutiques trained their staff to assist customers with the resale process, while logistics and final product preparation are managed by Faume, which also works with brands like Ba&Sh, Ami, and Isabel Marant.
Soeur’s director sees an opportunity to offer an alternative to major resale platforms like Vinted and Vestiaire Collective. “I believe we’re taking a different approach. Customers bring their items to the store, where our team verifies them, and they can immediately use their vouchers toward the new collection. Compared to online platforms, this is a more convenient process. We offer an in-store drop-off service, which is ideal for customers who don’t have the time or prefer not to handle the resale process themselves,” said Freja Day.
This service, paired with a voucher positioned as “advantageous” for customers, is expected to help the brand establish a foundation for this new initiative. “This is a key element. It will take several weeks to fine-tune operations across different boutiques. The mechanics need to fall into place, the site must become engaging, and we need to offer between 100 and 200 items to make it appealing to customers. “Collection will be essential for this,” admits the CEO of the label, which saw its sales rise by 25% last year, surpassing the €65 million mark in 2024.
Soeur
Priced lower than new items, these products could attract a new clientele while also offering a fresh appeal to the brand’s loyal customer base. “We have certain pieces that sell out very quickly, and we rarely reproduce them identically. Through our second-hand offering, customers will have the opportunity to find these rare pieces”.
According to the economic observatory of the Institut Français de la Mode, second-hand fashion already represents 12% of the French market. A recent consumer survey revealed that 32% of shoppers who have purchased second-hand believe new products are too expensive and now prefer pre-owned items. Introducing a second-hand offering allows the brand to adapt to this rapidly growing trend, particularly among younger consumers.
Still strong growth prospects in 2025
Despite the second-hand segment not representing a significant share of Soeur’s revenue by 2025, the brand remains focused on expanding its international presence. Currently, 35% of its sales come from online channels, and it is actively working on establishing a stronger foothold outside France.
The opening of a flagship store in Milan by the end of the year, spanning 200 square meters over three floors, is a testament to these ambitions. “We’re ahead of our targets. We see that customers are navigating very well in the different universes expressed,” says Freja Day. The brand has identified its ideal store size as over 100 square meters and plans to open new flagship locations in England, Spain, Italy, and Belgium following a successful 2024 in London. Additionally, five to six store refurbishments are scheduled each year in France.
Soeur is accelerating collaborations with key accounts and multi-brand partners to strengthen its international market position. As part of its long-term growth strategy, the brand is also gaining momentum in Asia, particularly in China, Japan, and South Korea.
The CEO, who focuses her investments on creative teams to introduce distinctive elements to the market, is aiming for further double-digit growth in 2025 despite market uncertainties. Freja Day forecasts a 20% increase in sales.
Fashion e-tail giant ASOS on Wednesday unveiled a radical plan to restructure its business with some big leadership changes including an MD for the UK and US and another covering Europe and the rest of the world. Through all the numerous changes, there’s a clear theme of bringing commercial and customer functions together.
ASOS
CEO José Antonio Ramos Calamonte’s aim is to create a more joined-up business that has the customer’s needs at its heart. Decision-making should be accelerated and continuous innovation and improvement will be a core focus.
The 25-year-old company also said it has “significantly” reduced its stock levels, as well as improving its product and refinancing debt. That stock levels issue is a key point given how much surplus stock the company held in recent years.
The retailer, which currently has 20 million active customers in more than 200 markets, said the changes are expected to take effect from April.
So, what are the key leadership moves that have been announced? Importantly, the company has expanded Vanessa Spence’s role from executive vice-president of creative. With the firm since 2007, she steps up from ‘only’ leading the design and creative direction for all its owned brands to become EVP brand and creative. That’s a crucial move as it sees its brand and creative strategy coming together.
There there’s the aforementioned creation of MDs for the firm’s key regions. Current VP North America Sean Trend is becoming MD for the UK and US, which is a new role. And its SVP operations Jag Weatherley becomes MD for Europe and the rest-of-world region.
Meanwhile, Michelle Wilson, previously chief of staff and strategy, is now MD of Topshop and Topman and leading a dedicated cross-functional team to ensure the brands prosper as standalone since they were sold last autumn. The brands are now majority owned by Heartland, the holding company of major ASOS shareholder and Bestseller owner Anders Holch Povlsen. But ASOS retains a minority stake and continues to sell the high-profile labels.
ASOS
Wilson will also be in charge of the ASOS global wholesale division, that takes in its American partnership with Nordstrom in the US, its Indian one with Reliance Retail, and its European one with Bestseller.
Meanwhile, it was also announced that highly experienced Zalando’s software engineering VP Przemek Czarnecki joined ASOS earlier in February as its EVP technology. That role had been held by interim EVP Hugh Williams.
And that’s not the end of the changes. To “better align strategic decision-making and communication”, EVP people experience Ras Vaghjiani’s role is also expanding to become EVP people, communications and strategy. And supporting Vaghjiani will be Rishi Sharma, promoted from interim general counsel and company secretary to SVP corporate affairs and strategy.
The business is also creating product development teams (PDTs) with a focus on strategic priorities such as loyalty and Test & React with each team having an engineering lead partnered with a product manager. It comes as the firm has radically boosted its team of software engineers and product managers.
CEO José Antonio Ramos Calamonte called the news “an exciting new chapter for ASOS” that will better equip it for speedy growth.
The changes come as it fights back from a tough period that has seen its results (and its share price) declining sharply.
Fashion e-tail giant ASOS on Wednesday unveiled a radical plan to restructure its business with some big leadership changes including an MD for the UK and US and another covering Europe and the rest of the world. Through all the numerous changes, there’s a clear theme of bringing commercial and customer functions together.
ASOS
CEO José Antonio Ramos Calamonte’s aim is to create a more joined-up business that has the customer’s needs at its heart. Decision-making should be accelerated and continuous innovation and improvement will be a core focus.
The 25-year-old company also said it has “significantly” reduced its stock levels, as well as improving its product and refinancing debt. That stock levels issue is a key point given how much surplus stock the company held in recent years.
The retailer, which currently has 20 million active customers in more than 200 markets, said the changes are expected to take effect from April.
So, what are the key leadership moves that have been announced? Importantly, the company has expanded Vanessa Spence’s role from executive vice-president of creative. With the firm since 2007, she steps up from ‘only’ leading the design and creative direction for all its owned brands to become EVP brand and creative. That’s a crucial move as it sees its brand and creative strategy coming together.
There there’s the aforementioned creation of MDs for the firm’s key regions. Current VP North America Sean Trend is becoming MD for the UK and US, which is a new role. And its SVP operations Jag Weatherley becomes MD for Europe and the rest-of-world region.
Meanwhile, Michelle Wilson, previously chief of staff and strategy, is now MD of Topshop and Topman and leading a dedicated cross-functional team to ensure the brands prosper as standalone since they were sold last autumn. The brands are now majority owned by Heartland, the holding company of major ASOS shareholder and Bestseller owner Anders Holch Povlsen. But ASOS retains a minority stake and continues to sell the high-profile labels.
ASOS
Wilson will also be in charge of the ASOS global wholesale division, that takes in its American partnership with Nordstrom in the US, its Indian one with Reliance Retail, and its European one with Bestseller.
Meanwhile, it was also announced that highly experienced Zalando’s software engineering VP Przemek Czarnecki joined ASOS earlier in February as its EVP technology. That role had been held by interim EVP Hugh Williams.
And that’s not the end of the changes. To “better align strategic decision-making and communication”, EVP people experience Ras Vaghjiani’s role is also expanding to become EVP people, communications and strategy. And supporting Vaghjiani will be Rishi Sharma, promoted from interim general counsel and company secretary to SVP corporate affairs and strategy.
The business is also creating product development teams (PDTs) with a focus on strategic priorities such as loyalty and Test & React with each team having an engineering lead partnered with a product manager. It comes as the firm has radically boosted its team of software engineers and product managers.
CEO José Antonio Ramos Calamonte called the news “an exciting new chapter for ASOS” that will better equip it for speedy growth.
The changes come as it fights back from a tough period that has seen its results (and its share price) declining sharply.
French fragrance group Interparfums announced on February 26 that its 2024 net profit rose by 10% to €129.9 million, fueled by the strong performance of Lacoste fragrances. The result was just above market expectations. A consensus provided by the company had forecast a net profit of €129.3 million.
Interparfums credited tight cost management for its 11% increase in operating profit, which hit €178 million. This resulted in an operating margin of 20.2%, aligning with projections released in January.
“In 2024, we once again delivered an outstanding performance, largely driven by Lacoste fragrances, in a year dedicated to revamping distribution and relaunching the brand,” said CEO Philippe Benacin in a statement.
The company, which has proposed a dividend of €1.15 per share (up 10% year-on-year), invested €187 million in marketing and communications last year to enhance brand visibility and drive sales.
Among its key partnerships, Interparfums has extended its licensing agreement with Van Cleef & Arpels for another nine years. Meanwhile, the group is now developing the first fragrance and beauty line under a newly signed Off-White license, set to debut between late 2026 and early 2027.
“In 2025, we aim to sustain our growth trajectory, with a revenue target of between €930 million and €935 million, reflecting the recent appreciation of the U.S. dollar,” Benacin added. This would represent an increase of 5.6% to 6.2%.
Interparfums’ annual general meeting is set for April 17, when the departures of Chantal Roos, Dominique Cyrot, and Frédéric Garcia-Pelayo from the board of directors will be formally announced. Garcia-Pelayo, who served as deputy CEO until the end of 2024, has been succeeded by Daphné Benacin, previously the group’s regional export director.