At its annual general meeting (AGM) held yesterday, Lenzing AG decided not to distribute a dividend for the 2019 financial year compared to 5 euros per share in the previous year. Additionally, the company said in a statement that Felix Fremerey has retired from the supervisory board at his own request […]

Seattle - Amazon.com Inc. (AMZN) and Maison Valentino Italian luxury brand, said they have filed a joint lawsuit against Buffalo, New York-based Kaitlyn Pan Group, LLC and New York resident Hao P. for counterfeiting Valentino's iconic Valentino Garavani Rockstud shoes, and offering the infringing products […]

The ready-made garment sector in Bangladesh has been particularly hard-hit by the Covid-19 pandemic. USD 1.5 billion of business has already been lost and 1.2 million garment workers’ livelihoods have been impacted. Many factories have been shut down indefinitely and workers were given only 23 days […]

AllSaints has launched a company voluntary arrangement (CVA) proposal for its UK and US stores. The contemporary fashion brand is seeking permission from its landlords to transition most of its 41 stores in the UK and 42 stores in North America to turnover-rent. The company said this “effectively aligns […]

Ted Baker has raised 105 million pounds in new equity to help ease the financial strain Covid-19 has had on the business. On 1 June, the loss-making British luxury label announced plans to raise 95 million pounds through a share placing and a further 10 million pounds through an offer for subscription […]

The Policy Hub, a joint effort of the Sustainable Apparel Coalition, the Federation of the European Sporting Goods Industry and the Global Fashion Agenda have published a green recovery plan proposal for Europe. The proposal presented to European authorities, which follows the European Commission’s […]

Superdry has announced it is taking back full control of the brand in mainland China following a review of its long-term business plan for its operations in the region. The British fashion retailer said it had reached an “amicable agreement” with its current local partner Trendy International to exit […]

Boohoo’s latest quarterly results show the company is bypassing the Covid-19 crisis and snapping up ailing retailers on the way. The online fashion giant’s purchase of Oasis and Warehouse e-commerce websites for just 5.3 million pounds is virtually unheard of. “What’s not to like?” says Nigel Frith, […]

ANALYSISNew York – British online fashion retailer Boohoo Plc. has announced it agreed to pay 5.25 million pounds to take over the online businesses of the Oasis and Warehouse chains. Boohoo said Oasis and Warehouse would be integrated into its online platform. The brands generated 47 million pounds […]

Worn Again Technologies has raised up to 8 million euros in new equity capital from investors which the company will use to further develop its recycling technology. The London-based company is developing a process which aims to close the loop in the end-of-use polyester and polycotton/cellulose textile […]

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