Asda has confirmed it has no plans to sell off its George clothing brand despite speculation its new owners were planning on doing so in a bid to cut costs and spending. “George has been a crucial part of the Asda family and continues to be a key part of our strategy,” Asda’s outgoing CEO and president […]

Of sustainability’s three pillars—economic, environmental and social—much of the beauty industry’s innovation has centered around the environmental pillar. A year after the initial outbreak of the COVID-19 pandemic, momentum in sustainability has picked up again, coinciding with greater strides in vaccine […]

Luxury fashion and sportswear brand, Perfect Moment, loved by celebrities including the Duchess of Cambridge and Kim Kardashian West, has closed a 6 million US dollar bridge loan in preparation to go public on the Nasdaq later this year. In a statement, Perfect Moment known for its stylish ski wear […]

For the fourth quarter of fiscal 2021, Guess recorded GAAP net earnings of 70.4 million dollars, an 11.5 percent decrease from the fourth quarter of fiscal 2020. The company said, GAAP diluted earnings per share decreased 9.3 percent to 1.07 dollars for the quarter compared to 1.18 dollars for the same […]

INTERVIEW Professor Drusilla Brown has led a research team at Tufts University in Massachusetts, USA in the past 20 year that conducts randomized controlled field experiments on various interventions. They are designed to improve conditions of work in global supply chains, particularly in industries […]

Walpole, the trade body that represents British luxury companies, has published a sustainability report following up to its one year manifesto. In January 2020 Walpole launched its sustainability manifesto with the aim empower its client’s businesses towards a net carbon and zero waste future, supported […]

Since the pandemic outbreak, the fashion industry has been fearful of vast amounts of unsold merchandise from brick-and-mortar stores. Last spring, many designers and brands postponed a part of their collections to 2021. However, now, even in 2021, the world is seeing months-long lockdowns. With an […]

For the fourth quarter of 2020, total revenue at Iconix Brand Group was 33.9 million dollars, a 22 percent decline compared to the fourth quarter of 2019. For the twelve months ended December 31, 2020, total revenue was 108.6 million dollars, a 27 percent decline compared to 2019 driven by decreases […]

US luxury retail group Neiman Marcus has completed a 1.1 billion dollar refinancing about six months after emerging from bankruptcy. The company announced Tuesday it has completed the refinancing of a substantial portion of its exit facilities with an aggregate principal amount of 1.1 billion dollars […]

H&M has emphasised its ‘long-term commitment’ to China amid a boycott launched against the Swedish fashion giant after it pledged to stop sourcing cotton from Xinjiang over reports of slave labour. “China is a very important market to us and our long-term commitment to the country remains strong,” […]

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