Image via Chanel.com Chanel on Tuesday said its revenue fell 18 percent to 10.1 billion dollars in 2020. The Paris-based luxury house said its business was “highly disrupted” due to store closures and suspension of international travel. Prior to global lockdowns, Chanel had a robust duty-free business, […]

Joor, the digital fashion wholesale platform, has raised 46 million US dollars in Series D funding led by Macquarie Capital Principal Finance. The wholesale platform has more than 12,500 brands and 325,000 curated retailers across 144 countries, covering luxury, fashion, accessories, footwear, lifestyle […]

Image: Scam via Pexels A new study by the European Union Intellectual Property Office (EUIPO) says consumers are facing ever more risks due to buying fake products online. A surge in e-commerce counterfeit from nearly every sector, including fashion, cosmetics and pharmaceuticals, can pose great safety […]

Photo: H&M H&M has announced its commitment to the EU Commission’s Green Consumption Pledge Initiative, aiming to create a more sustainable future for the fashion industry. The pledge allows companies to make a public commitment to reduce their coverall carbon footprint and produce more sustainable […]

Image: H&M media gallery In the second quarter 2021, the H&M group’s net sales increased by 75 percent in local currencies compared with the corresponding period last year. The company said in a release that as a result of the strengthening of the Swedish krona the increase was 62 percent converted […]

The global sleepwear market is projected to reach 18,694.8 million dollars by 2027, registering annual growth of 9.7 percent in the period comprehended between 2020 and 2027. In 2019, this niche retail’s market size was valued at 10,495.0 million dollars. According to a new report published by Allied […]

A backlash about excessive executive pay has ensued after JD Sports remunerated its chairman Peter Cowgill nearly 5 million pounds in a salary and bonuses, despite the company receiving 61 million pounds during the UK furlough scheme and a further estimated 38 million pounds in business rates relief. […]

Image: United Colors of Benetton Facebook page The Benetton family, owners of the Benetton Group and its production assets, has injected 300 million euros to help save the struggling business. Benetton is best known for their brand United Colors of Benetton. The news was reported by Reuters. Last year, […]

Iconix Iconix, the owner of brands including Lee Cooper and Umbro, has announced the company will soon be acquired by Iconix Acquisition Corp, an affiliate of Lancer Capital. The deal was an all-cash transaction, which valued Iconix at around 585 million dollars, including net debt. Bob Galvin, Iconix […]

Image: courtesy of Delta Galil Industries/Brayola Delta Galil Industries is strategically merging its Bare Necessities and Brayola divisions to create an “enhanced” women’s intimates marketplace. The two lingerie brands will be housed under BareNecessities.com as Delta Galil Industries looks to strengthen […]

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