Together with The Hong Kong Research Institute of Textiles and Apparel (HKRITA), the H&M Foundation has developed a new method for recycling blend textiles into new fabrics, thus paving the way for a more circular economy. Using only heat, less than 5 percent biodegradable green chemical and water, […]

The family-run department store chain would be close to choosing private equity firm Leonard Green & Partners as their financial partner. People familiar with the matter quoted by the CNBC said Tuesday that Leonard Green would provide the Nordstrom family members with circa 1 billion dollars in equity […]

Ahead of its annual general meeting, the Richemont Group has announced that the company’s sales for the five months ended August 31, 2017, increased by 12 percent at constant exchange rates and 10 percent at actual exchange rates. Excluding the exceptional inventory buy-backs in the comparative period, […]

While after the Rana Plaza building collapse near Dhaka in April 2013, all focus has been on Bangladesh and laudable initiatives like the Bangladesh Accord on Fire and Building Safety and the Alliance for Bangladesh Worker Safety, another anniversary passed by almost unnoticed: the deadly fire at Ali […]

The German online fashion and lifestyle retailer announced Tuesday a 40 million dollars funding round led by new and existing investors in the U.S. and U.K. The venture capital will be dedicated to fuel the retailer's expansion into Sweden, Denmark, Spain, Belgium, and the UK. As highlighted by the […]

Total JD Sports’ revenues increased by 41 percent in the period to 1,367.2 million pound (1,803 million dollars) for the 26 weeks ended July 29, 2017, while like for like store sales for the period across all group fascias, including those in Europe, increased by approximately 3 percent. Profit before […]

British fashion and lifestyle brand Jack Wills has appointed Greg Roberts from SuperGroup to the newly created role of wholesale director as it looks to grow its wholesale business at home in the UK and internationally. The appointment comes as Jack Wills unveils a new wholesale expansion strategy to […]

Providing an update prior to entering the close period for its full year results for the 52 weeks to September 19, 2017, Primark, part of the Associated British Foods said that sales are expected to be 13 percent ahead of last year at constant currency and on a comparable week basis, driven by increased […]

Prada said Friday sales cooled off due in part to the strong value of the euro lightening the pocketbooks of tourists to Europe shopping for luxury goods. The Italy-based, Hong Kong-listed luxury house said sales slid 5.7 percent on a constant exchange rate basis in the six months to the end of July […]

ANALYSISThe Italian fashion powerhouse a sharp drop in first-half profits on Friday and warned it would take longer than expected to turn the ailing company around. "We are confident that our action plan is the best way to return to steady growth in revenues and margins, albeit aware that benefits may […]

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