Austrian fibre producer Lenzing has partnered with the Textile and Style Federation Singapore (TaFF) and recently opened a Tencel Studio in a prominent location on popular shopping destination Orchard Road to offer Singapore’s designers a hub to present themselves and make the Tencel brand more accessible […]

With an ever-increasing consumer demand for more sustainable products, the fashion industry is facing mounting pressure to become a more circular economy, with waste reduction a key concern for many brands. The annual production of apparel has doubled since the turn of the century, but the share of […]

New York - Billionaire Mukesh Ambani-led Reliance Industries Ltd said on Friday it has increased its stake in luxury fashion retailer Genesis Colors Ltd and a company set up by fashion designer Raghavendra Rathore. Reliance Brands Ltd, a subsidiary of Reliance Industries, acquired an additional stake […]

New York - The Spanish fashion brand has gone into liquidation after months struggling to find a potential buyer. Had been seeking for investors since last summer, finding itself forced to call the administrator last November. The judge who instructed the insolvency proceedings in Madrid issued on January, […]

New York - Brazilian apparel chain Lojas Renner SA reported an annual profit of over 1 billion reais (about 269 million dollars) for the first time last year, helped by double-digit revenue growth. “We see good customer traffic and the same pace we had at the end of last year,” Chief Financial Officer […]

New York - This Thursday, Robert Drain, the bankruptcy judge charged with deciding the future of the US department store operator, has approved the rescue plan of the president and Sears' top investor, Edward Lampert. One of the most controversial moments of the trial came when Judge Drain rejected […]

In 2018, the Hermès Group’s consolidated revenue reached 5.9 billion euros (6.7 billion dollars), up 10 percent at constant exchange rates and 7.5 percent at current exchange rates. The company said, revenues grew 10 percent in the fourth quarter at constant exchange rates with growth in all the geographical […]

After filing the insolvency petition for Gerry Weber International, the company has announced that one of its investors has agreed to provide bridge financing of 10 million euros for its Hallhuber subsidiary. Commenting on the development, the company said in an ad hoc announcement: “With the proceeds […]

Urban Outfitters, Inc. said in a statement that total company net sales for the three months ended January 31, 2019 increased 3.7 percent over the same period last year to 1.13 billion dollars, while comparable retail segment net sales increased 3 percent, driven by double-digit growth in the digital […]

For the fourth quarter, sales at Skechers grew 11.4 percent as a result of an 18.4 percent increase in the company’s international wholesale business, a 7.5 percent increase in its company-owned global retail business, and a 4.8 percent increase in its domestic wholesale business. Gross margins increased […]

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