Fashion group Vince sees sales growth Vince Holding Corp has announced that it achieved net sales of $57.5m in its first quarter, up 47.5% when compared to $39.0m in the prior-year period. Read more.

Sales nearly double at Signet International jewellery retailer Signet Jewelers Limited has posted a 98.2% uptick in first-quarter sales. Sales reached $1.7bn, up from $852.1m in the same period last year. Growth was led by strong sales in North America. Read more.

Adidas invests in sustainable materials firm Spinnova The German sportswear giant has invested in Finland’s Spinnova, a business that makes textile fiber out of wood or agricultural waste. Read more.

Burberry doubles down on sustainability Burberry has set out bold plans to become “climate positive” by 2040, becoming the first luxury brand to make such a pledge. The luxury fashion house aims to reduce emissions across its supply chain by 46% by 2030, up from its previous target of 30%. Read more.

Oxford Industries swings to profit in Q1 The US fashion group, which owns the Tommy Bahama, Lilly Pulitzer and Southern Tide labels, has reported net sales of $266m this quarter, compared to $160m in the same period last year. Read more.

Sequoia Capital invests in Canadian etailer Ssense, which specialises in high-end fashion and streetwear, has secured a major funding boost. Sequoia Capital has taken a minority stake in the business, in a deal which values Ssense at more than C$5bn. Read more.