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E-commerce & luxury segments drive fashion industry's FY23 performance

Insights

• In FY23, Hanesbrands and Delta Galil showed sales declines, while Marimekko and Ludwig Beck reported growth.
• E-commerce giants like Showroomprivé and Zalando had mixed results, with Zalando showing moderate growth.
• Luxury brands Brunello Cucinelli and Prada Group saw significant sales and profit increases, indicating a strong year for the luxury sector.