After 23 years at Adidas, Karen Parkin, executive board member responsible for global human resources has left the company effective June 30, 2020. The company said in a statement that Adidas CEO Kasper Rorsted will assume responsibility for global human resources on an interim basis until a successor […]

ANALYSIS Lululemon Athletica stock started rising after hours on Tuesday, following news on the yoga fashion brand’s acquisition of Mirror, a home fitness business. The deal’s price tag is 500 million dollars. The market sees this deal as a move by the fashion retailer to meet consumers where they are […]

British luxury department store chain Harrods is looking to reduce its workforce of 4,800 employees by up to 14 percent to help it cut costs and mitigate the impact of Covid-19. CEO Michael Ward said in an internal note to colleagues, seen by FashionUnited, that “after exploring every option available” […]

German sportswear makers Adidas and Puma said Tuesday they would join a growing advertiser boycott over hate speech against Facebook and Instagram in July, following major consumer companies like Levi's and Coca-Cola. "Puma will join the #StopHateForProfit campaign... throughout July," a spokeswoman […]

Australian swimwear fashion brand Seafolly has entered administration due to the “crippling” financial impact of the Covid-19 pandemic. The company has a network of 44 stores across Australia and a further 12 overseas. Scott Langdon and Rahul Goyal of KordaMentha Restructuring have been appointed as […]

Home fitness has become increasingly important to consumers in the U.S. after three months of stay-at-home mandates and closures of fitness studios. And Lululemon has decided to grow its business to cater to this trend. The athleticwear brand has acquired Mirror, an innovator in the home fitness sphere, […]

Kim Kardashian West has inked a deal to sell 20 percent of her make-up brand KKW Beauty to American cosmetics giant Coty for 200 million dollars, the pair announced on Monday. The agreement values the three-year-old company at 1 billion dollars. It will see Coty take "overall responsibility" for the […]

VF Corporation has announced organizational changes to strengthen and accelerate the company’s business strategy in the Asia Pacific Region, while at the same time adding enhanced leadership support for its Emerging Brands platform. The company said in a statement that Kevin Bailey, Executive Vice President […]

Euratex, the European Apparel and Textile Confederation, has come up with a strategy for the future that is supposed to turn the current coronavirus crisis into an opportunity. Part of the strategy, which was endorsed by the last general assembly, is for the industry to become “more digital, sustainable […]

CRS INTERVIEW German textiles discounter KiK operates almost 3,700 stores in Europe and generates two billion euros in sales annually. Among the 20,000 articles in its range are the often-criticised 1-euro-t-shirts. Most of the production takes place in Bangladesh. Are a discount model, sustainability […]

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