French luxury conglomerate LVMH has announced a partnership with Unesco’s “Man and Biosphere” (MAB) intergovernmental scientific program, which aims to preserve biodiversity around the world by supporting innovative approaches towards economic development. The program operates works closely with 686 […]

Sustainable Apparel Coalition (SAC), the alliance of apparel, footwear and textile enterprises behind the Higg Index, has decided to spin off its technology division. A for-profit corporation called Higg Co. has been launched to develop the technology behind the sustainability assessment tools offered […]

Safilo Group and David Beckham have announced a global ten-year agreement for the eponymous license for sunglasses and prescription glasses. Safilo said that he first David Beckham eyewear collection will launch in January 2020. “Safilo has a long history of creating high quality eyewear brands. I wear […]

American maternity brand Hatch, which has been worn by Meghan Markle, Jessica Alba and Olivia Wilde, has secured 5 million US dollars in Series A funding. The investment round was led by Silas Capital, with participation from M3 Ventures. Billed as a destination and lifestyle brand for women before, […]

PVH Corp, the company behind Calvin Klein and Tommy Hilfiger, has announced a new set of corporate responsibility goals ahead of the Copenhagen Fashion Summit, where CEO Emanuel Chirico is expected to provide more details. Named ‘Forward Fashion’, the new targets are based on three focus areas: reducing […]

Victoria’s Secret is “rethinking” its annual fashion show following at least five years of declining viewership, according to a memo sent to employees by Les Wexner, CEO of Victoria’s Secret parent company L Brands, and obtained by the New York Times. Wexner reportedly said that the brand “must evolve […]

Safilo Group S.p.A. has said that the company closed the first quarter of 2019 with the net sales from continuing operations at 247.3 million euros (277.7 million dollars), up 3.4 percent at current exchange rates and 0.6 percent at constant exchange rates with the wholesale business improving by 0.8 […]

British fashion designer Sophie Hulme is closing down her namesake handbag label in December due to health reasons. Hulme announced in a statement on Friday that the company will be selling two final collections and will launch “special projects” that it has been working on before it stops operating […]

Global Fashion Group S.A. (GFG), has reported growth in net merchandise value (NMV) of 22 percent to 341 million euros (383 million dollars) on a constant currency basis in the first quarter, while active customers reached 11.5 million, growing 14.5 percent year on year. The company’s revenue reached […]

For its third quarter to March 30, 2019, Tapestry, Inc. reported net sales of 1.33 billion dollars, an increase of 1 percent on a reported basis and 2 percent in constant currency. The company’s gross profit reached 916 million dollars on a reported basis, while gross margin for the quarter was 68.8 […]

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