INTERVIEW One day Parvin was toiling to meet the fast-fashion demands of European capitals, the next she was among hundreds of thousands of Bangladeshi clothes workers made instantly jobless as the coronavirus pandemic struck. Big-name international brands have cancelled billions of dollars in orders […]

Farfetch Limited in a preliminary financial results announcement for the first quarter ended March 31, 2020 said, it expects to deliver strong digital platform GMV growth, supported by the performance of the China region, which continued to grow faster than the overall marketplace, and from February […]

Lululemon Athletica Inc. has announced that Patrick (“PJ”) Guido, chief financial officer, will depart the company, effective May 8, 2020, in order to assume a leadership position outside of the apparel industry. Guido joined Lululemon in 2018. “We would like to thank PJ for his dedication and many […]

LVMH Moët Hennessy Louis Vuitton recorded revenue of 10.6 billion euros (11.5 billion dollars) for the first quarter of 2020, down 15 percent compared to the same period in 2019 and down 17 percent on an organic basis. The company said, the Fashion & Leather Goods business group recorded a decline […]

Sportswear giant Nike has claimed the title of the world’s “most valuable” apparel brand for the sixth consecutive year, however, the Brand Finance Global 500 report also revealed that brands across apparel will be impacted by the Covid-19 pandemic and stand to lose up to 20 percent of their brand value. […]

US investor Gordon Brothers sold British streetwear brand Bench to fashion company Apparel Brands Limited. Wraith, an affiliate of Apparel Brands, bought the brand for an undisclosed amount. Apparel Brands Limited, currently one of Bench’s primary European licensees, has evolved into “the natural owner” […]

As Western countries continue to cancel factory orders with stores closed and e-commerce only doing so much to level off money lost from brick-and-mortar, Bangladesh's garment workers are getting let go left and right as the factories they work at continue to lose revenue by the day. To help ameliorate […]

True Religion filed for Chapter 11 bankruptcy protection in a Delaware court this week. The denim brand attributed its financial struggle to store closures caused by the pandemic, on top of existing liquidity constraints. This is the second time in less than three years that True Religion has filed […]

Under Armour, Inc. has announced the appointment of Lisa Collier as Chief Product Officer. With more than 30 years across global brand leadership, product development, supply chain and merchandising, the company said in a statement, Collier will provide multi-disciplined specialty retail expertise to […]

Secondhand luxury platform The RealReal has announced it is anticipating a first quarter loss and is looking at measures to cut expenses by more than 70 million dollars including cutting or furloughing staff. The San Francisco-based company said it expects its gross merchandise volume (GMV) for the […]

Related news