Amfori, the global business association for open and sustainable trade, announced last Thursday that it has launched an ambitious programme to empower women in global supply chains, particularly in its three most important sourcing countries China, Bangladesh and India. The latter two will cover the […]

In light of the recent downturn in store trading, the board of Bonmarché Holdings has reviewed the company's forecasts for the remainder of FY19. The company said in a statement that while online sales are expected to grow at least at the rate seen recently, however, due to the uncertainty regarding […]

Destination Maternity Corporation has signed a commitment letter with Bank of America for a new five year 76 million dollars facility to refinance and replace the company’s existing 50 million dollars asset based loan and 25 million dollars term loan. The company said in a statement that this new facility […]

Lenzing’s managing board has decided to temporarily mothball the Lyocell expansion project in Mobile, Alabama (USA). The company said in a statement, rising likelihood of increasing trade tariffs, paired with the potential surge in construction costs due to the buoyant US labour market, have increased […]

On September 24, Kering announced that its shares entered the Euro Stoxx 50 Index, one of the major indexes of listed shares of the euro area. The Euro Stoxx 50 comprises the 50 largest listed stocks in the eurozone, in terms of free-float market capitalization. “The fact that the Group founded by my […]

New York - Everything isn’t coming up money at Folli Follie after all. Bloomberg has reported that consultants hired by the company to probe its Asian business have found revenue was almost 90 percent short of figured reported in financial statements, as confirmed by the company on Wednesday. After […]

New York - U.S.-based e-commerce lingerie startup Adore Me has announced that they have officially started expanding into China. The brand has built a strong presence in the American market and experienced a rapid growth since its launch in 2012, with revenues growing from 760,000 GBP in 2012 to over […]

Eyewear company Marcolin Group has announced the renewal of its licensing agreement to design, produce and distribute optical frames and sunglasses carrying the Timberland brand. The license, signed for the first time in 2013, has been renewed for a further five years until December 2023. Timberland […]

New York - While social networks such as Instagram and Snapchat have been working hard to become go-to places for shopping, consumers do not seem so excited about “buy now buttons” as one would expect, according to new research by digital commerce consulting firm Sumo Heavy Industries. The study surveyed […]

Amid the challenging retail conditions, owner of the Oasis and Warehouse fashion brands reported like-for-like sales increase of 5 percent, while joint EBITDA jumped 48 percent year to 9.5 million pounds (12.5 million dollars) driven by investments made in its digital activities, reports Retail Gazette. […]

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