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Lookiero Outfittery Group secures €17 million funding to accelerate development

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January 8, 2026

Lookiero Outfittery Group, the company formed in early 2025 through the merger of Spain’s Lookiero and Germany’s Outfittery, has closed a 17 million euro funding round. With the capital raised, the group plans to accelerate growth, consolidate its logistics operations, and step up its commitment to artificial intelligence.

Lookiero Outfittery Group closes a €17 million funding round – Lookiero

As stated in a press release on January 8, the round included investors such as Ekarpen Private Equity and the Sociedad Española para la Transformación Tecnológica (SETT), alongside Acurio Ventures, Perwyn, Bonsai Partners, and 10x Group. Of the total investment, €7.25 million was provided by SETT, which falls under the Ministry for Digital Transformation and the Civil Service of the Government of Spain. “SETT’s support underlines the innovative potential of Lookiero Outfittery Group and its relevance within the Spanish digital and technological ecosystem,” the group said, whose platforms specialise in subscription-based clothing sales in the case of Lookiero, and online personal shopping services in the case of Outfittery.

“This milestone marks a new chapter for Lookiero Outfittery Group. The technological and logistical integration enables us to operate more efficiently and deliver a better experience for our customers across Europe,” said Oier Urrutia, the group’s CEO and founder of the Spanish company.

The conglomerate, which operates in a dozen European markets, reports that it achieved positive EBITDA in the 2025 financial year, “a particularly significant milestone in a year marked by the integration process with Outfittery,” it noted. It also completed the integration of its two brands into a single technology and logistics platform and opened a new operations centre in Miranda de Ebro (Burgos), strengthening its infrastructure. This 15,000-square-metre warehouse strengthens the company’s European network and brings the total logistics area it operates to almost 25,000 square metres.

Looking ahead to 2026, Lookiero Outfittery Group plans to “make significant progress” in profitability, as well as launch new AI-based features focused on improving styling personalisation, demand forecasting and supply needs.

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Elizabeth Scarlett in Valentine’s Day collab with Dalloway Terrace

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January 9, 2026

Thirty-seven days and counting: Elizabeth Scarlett, lifestyle and accessories brand has Valentine’s Day firmly in its sights, announcing a creative partnership with Dalloway Terrace, London’s dining destination at The Bloomsbury.

Elizabeth Scarlett

Bringing together two British brands “united by a shared love of beauty and storytelling”, the collaboration will see Dalloway Terrace transformed into an immersive space “celebrating love, nature and artistry”. It’s a trend we’re seeing more and more often with brands linking up with complementary destinations in a way that benefits both partners.

Inspired by Elizabeth Scarlett’s signature wildflower motifs – the terrace will feature a specially commissioned floral installation, “drawing guests into the brand’s romantic, nature-led world”.

At the heart of the partnership is a limited-edition Afternoon Tea, specially created to celebrate the partnership with a special menu (pastries and sweets inspired by the brand’s signature storytelling).

To mark the event, every guest who books a space on the day will receive a complimentary limited-edition Elizabeth Scarlett love heart stripe pouch (RRP £38), created for the collaboration. Some of the proceeds will also be donated to wildlife conservation.

Elizabeth Petrides, founder of Elizabeth Scarlett said: “We wanted to create a moment where guests can slow down, look closer, and feel immersed in the natural world – even in the heart of the city. From the wildflowers that surround you to the wildlife artwork at the core of our brand, it honours the magic that happens when artistry and nature meet.”

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LVMH Champagne union calls for further strikes

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January 9, 2026

The CGT labour union at LVMH‘s champagne units called for new strike action next Thursday, as it seeks to pressure management to compensate workers for lost bonuses.

The LVMH business includes fashion and refreshments – DR

CGT labour representatives from the Moet&Chandon and ⁠Veuve Clicquot champagne houses said in a video addressed to workers on Friday that they ⁠should drop their tasks for “at least three hours.” The union launched protests last month against a cut in annual bonuses and other ‍benefits ‌at the world’s largest luxury group, even as it keeps
The ⁠group hasn’t yet ‌publicly commented on the labour dispute. LVMH’s ‌Moet Hennessy alcohol division had no immediate comment when contacted by Reuters on Friday.

Management at the unit had offered to pay a one-off 1,000 euros ($1,162.20) payment ‍to workers after it said it would not pay usual annual bonuses amid a decline in sales, ‌said ⁠the ​CGT, an offer “not at the height of our ⁠expectations.”

“It ​is really important to continue to put pressure on the company,” a CGT official said in the ​video message, adding that further talks are planned for Wednesday. So far, no strike action ⁠has been announced at ⁠LVMH’s other drinks businesses, including the Hennessy cognac brand.
 

© Thomson Reuters 2026 All rights reserved.



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Saks Global seeks to file for bankruptcy as soon as Sunday, Bloomberg News reports

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January 9, 2026

Luxury retailer Saks Global is planning to file for Chapter 11 bankruptcy as soon as Sunday, Bloomberg News ⁠reported on Friday, citing people familiar with the matter.

Shoppers walk outside the Saks Fifth Avenue flagship store in Manhattan in New York City, U.S., January 6, 2026 – REUTERS/Angelina Katsanis

The ⁠owner of New York’s century-old Fifth Avenue flagship store is preparing ‍to ‌file for bankruptcy without a restructuring ⁠deal in ‌place, though it aims ‌to craft one in the coming weeks, according to the report.

The company is also in ‍advanced discussions on about $1.25 billion debtor-in-possession financing package with creditors, which ‌would ⁠allow ​it to keep its ⁠business ​running during bankruptcy and pay vendor dues, the report added.

Saks ​Global did not immediately respond to a Reuters ⁠request for comment.

© Thomson Reuters 2026 All rights reserved.



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