China’s apparel and textile major Shandong Ruyi has announced the acquisition of Invista’s apparel & advanced textiles business. The purchased portfolio includes Lycra, Lycra HyFit, Lycra T400, L by Lycra, Coolmax, Thermolite, Elaspan, Supplex, Tactel, and Terathane. “We are thrilled to acquire The […]

Swedish manufacturer and retailer of trendy clothing and accessories, H&M said on Thursday its full year revenues increased by 5 percent, while in local currencies, net sales improved by 3 percent. Profit fell by 21.8 percent from the same period last year. "Against a backdrop of rapid changes in the […]

Announcing preliminary results for the year to December 31, 2018, Safilo Group S.p.A. said that net sales reached 962.9 million euros (1,107.5 million dollars), down 4 percent at constant exchange and 7 percent at current exchange rates. The company added that this performance is in line with the expected […]

Chinese e-commerce leader Alibaba said Wednesday that net profit increased 37 percent in the latest quarter as growth in cloud computing and other business lines helped offset a slowing expansion in core online retail. Net profit reached 33.0 billion yuan (4.9 billion USD) in the October-December third […]

Ecommerce company eBay Inc. delivered revenue of 2.9 billion dollars, up 6 percent on both an as-reported basis and a FX-neutral basis, driven by GMV of 24.6 billion dollars, up 1 percent on as-reported basis and 2 percent on a FX-neutral basis, for the quarter ended December 31, 2018. GAAP net income […]

In its preliminary results statement for the fiscal year 2018, the Salvatore Ferragamo Group said consolidated revenues amounted to 1,347 million euros (1,541 million dollars), down 3.4 percent at current exchange and 1.7 percent at constant exchange rates. Revenues in the fourth quarter, the company […]

Leading luxury group LVMH group, recorded revenue of 46.8 billion dollars in 2018, an increase of 10 percent over the previous year. All business groups within the LVMH portfolio recorded excellent performances. 2018 brought LVMH continued growth throughout markets in Europe, the U.S. and Asia. It credits […]

New York - The underground war that the governments of China and the United States have been maintaining for months threatens to claim the first victim in the textile sector: the so-called 'fast fashion’, which has a large supply dependency of the Chinese giant, could be the first one to 'fall'. Increasing […]

UPDATE China’s Fosun International Ltd may obtain full control of German fashion retailer Tom Tailor, in which the company currently holds a stake of about 29 percent. Fosun informed the European Commission on December 21 that it may passively obtain “de facto control” of the Hamburg-based retailer […]

Calvin Klein has hopped on the bandwagon of fashion brands looking to get more eco-friendly. Their products will now feature an instruction label on how to recycle the packaging. The brand's parent company PVH Corp. has partnered with How2Recycle, a company that focuses on creating labels for recycling […]

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