US news and archive

US makes new offer to EU in tariff dispute

In the trade dispute with the EU, the US submitted a new offer. The European Commission confirmed on Thursday that it had received a relevant US document. It was being reviewed, Commission President Ursula von der Leyen said on Thursday night after an EU summit. "We are ready for an agreement. At the same time, we are preparing for the...

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Business

Middle East tensions: What will be the impact on fashion’s supply chain?

As military tensions escalated between Israel and Iran, global trade held its breath. At the heart of concerns was the Strait of Hormuz, the strategic maritime corridor through which nearly one-third of the world's oil passes. If this passage were to be blocked or seriously disrupted, the repercussions would not be limited to energy markets. The...

Retail

Honey Birdette set to expand to the US

London - Honey Birdette, Australian luxury lingerie brand, is set to make its physical debut in the US, following its UK push. The luxury label has confirmed the opening of two stores in the US, which will open their doors to the public later this year. The first to open will be located in Los Angeles Westfield Century City that will open this...

Business

G-III Apparel acquires 19 percent stake in Karl Lagerfeld Group

German designer Karl Lagerfeld has welcomed a new investor for his eponymous fashion house, namely G-III Apparel Group. The group, who acted as Lagerfeld’s joint-venture partner for his entry into the US, has acquired a 19 percent stake in Karl Lagerfeld Group through a capital increase, reported Women’s Wear Daily (WWD). The investment will...

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Fashion

Primark set for spectacular growth with US debut

Primark is set for spectacular growth as it makes its American debut in September. The UK-based retailers could easily double sales and profits in just five years as it rolls out its first of its US stores in Boston. But it is not just expanding in the US that will spur the successful fast fashion chain's growth. But it is not just expanding in...