The Clean Clothes Campaign (CCC) has called on H&M and its shareholders to create a living wage fund from the profits of the Swedish fast fashion company. The NGO is also looking to increase appeals to investors in its future campaigning approach. The CCC has submitted a proposal that H&M stockholders […]

Green Harbor, a private equity fund from China, has bought a majority stake in JWU, the parent company of Jason Wu’s eponymous label. The news was announced by Green Harbor on its WeChat account. The company did not disclose any details about the acquisition. The majority stake was purchased from the […]

Altair Eyewear, a division of Marchon Eyewear, has signed an exclusive global licensing agreement with Authentic Brands Group (ABG) to design, develop, manufacture and distribute eyewear for Spyder, ABG’s high-end ski brand. The deal includes ophthalmic eyewear, sunglasses and ski goggles. "Spyder is […]

Index Ventures, the venture capital firm backing Asos, Farfetch and Net-a-Porter, has invested 7 million euros (approximately 7.8 million US dollars or 6 million pounds) in Otrium, a Dutch marketplace where brands can sell their unsold stock with discounts of up to 75 percent. In addition, Index partner […]

VF Corporation is the latest fashion company to join the Style Industry Charter for Climate Action, a series of targets with the aim to reduce greenhouse gas emissions by 30 percent by 2030 and achieve zero emissions by 2050. Launched in December during a UN conference in Katowice, Poland, the Charter […]

For its first quarter, HanesBrands reported net sales increase of 8 percent to 1.59 billion dollars and organic sales in constant currency increase of 10 percent, the seventh consecutive quarter of constant-currency organic growth. The company said sales were fuelled by strong US activewear growth, […]

Under Armour, Inc. in its financial results statement for the first quarter ended March 31, 2019 said, revenue rose 2 percent or 3 percent currency neutral to 1.2 billion dollars. The company added that gross margin increased 100 basis points to 45.2 percent compared to the prior year, while net income […]

For its first quarter, Gildan Activewear Inc. reported GAAP diluted EPS of 11 cents, and adjusted diluted EPS of 16 cents. The company said, as expected, earnings were down for the quarter versus last year due to the impact on sales from lower levels of distributor restocking and higher raw material […]

Revenue at N Brown Group Plc declined 0.8 percent to 914.4 million pounds (1,193 million dollars) with product revenue declining 5.6 percent offset by a 10.8 percent increase in financial services revenue for the year to March 2, 2019. The company said, product revenue was 615.8 million pounds (803 […]

In the first quarter, Hugo Boss increased currency-adjusted sales by 1 percent and 2 percent in reporting currency to 664 million euros (744 million dollars). However, the company said that in the Americas, the challenging US market and the ambitious comparison base of the prior year in particular led […]

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