Articles by Caitlyn Terra
Tranoï Homme fashion fair cancels June edition
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Men's fashion fair Tranoï Homme has cancelled its edition for next June. In an e-mail seen by WWD, the organisers behind the fair said they wanted to focus on a new concept to be presented during Tokyo Fashion Week next September. Tranoï Homme was to take place from 18 to 25 June, simultaneously with Paris Fashion Week. In the e-mail, managing...
Under Armour announces restructuring and layoffs
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Sportswear company Under Armour, Inc. has announced a restructuring strategy alongside the release of its annual results, for which net income almost halved and sales fell by several percent. The company's revenue came to 5.7 billion dollars, at a 3 percent year-on-year decline. The decline was largely due to worse results from the company's...
17 European consumer organisations file complaint against Temu
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Chinese e-tailer Temu is under a magnifying glass. 17 European consumer organisations have filed complaints against the fast fashion and lifestyle retailer with their national regulators, according to a report by the Dutch Consumers' Association and the Belgian Testaankoop. The organisations claimed that Temu withholds crucial information and...
Renewcell sells Kristinehamm plant to Biosorbe
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As part of its ongoing bankruptcy proceedings, Renewcell has now announced the sale of its Kristinehamm plant to biomaterial company, Biosorbe. The news follows reports from earlier this year that bankrupt Renewcell had multiple bids for its assets, yet the who and what of these bids remained unclear at the time. It now appears, however, that at...
Shein responds to Public Eye's report of alleged abuses: 'Does not recognise many accusations'
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Fast fashion e-tailer Shein has responded to watchdog Public Eye’s report on ongoing alleged abuses of working conditions with a 30-paragraph statement on its website. The Switzerland-based organisation shared its findings after a survey and interviews with factory workers from Guangzhou, China, where concern surrounding poor working conditions...
Dutch denim talent programme funded by PVH Foundation opts for guild structure
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The world is bursting with talent if you know where to look. These talents need to be nurtured and given space to develop, space that is not always available in the traditional educational system. Denim talents now have a place to go: The House of Denim Talent Incubator Programme. The programme is supported by the PVH Foundation, the foundation...
Frasers Group buys back part of Matches' intellectual property
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Frasers Group has acquired part of the intellectual property of Matches Fashion Limited, according to a statement from the Sports Direct owner. The deal is notable because earlier this year Frasers placed Matches in receivership and closed the doors of the e-tailer. The press release stressed that only part of the intellectual property has been...
Kingpins Amsterdam through the eyes of three denim buyers
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International denim sourcing fair Kingpins is a regular fixture for many denim professionals. So too for buyers from Butcher of Blue, Kuyichi and Jeans Centre. What are their reasons for visiting the Amsterdam edition, what sort of things do they hope to find at Kingpins and what have they already spotted at the fair? For all three buyers we...
Mary Katrantzou appointed accessories creative director Bulgari
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Greek designer Mary Katrantzou has been appointed as the first creative director for leather goods and accessories at Bulgari. Katrantzou announced the news herself on her Instagram page. She will also continue to work at her own eponymous brand. The position is newly created by Bulgari, yet Katrantzou has been linked to the label before through...
Shein doubles profits to two billion dollars
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Chinese giant Shein has reportedly doubled its profits to two billion dollars, according to The Financial Times which cited sources close to the company. Shein itself has not yet responded to the media reports. Not only did profits rise significantly, sales also showed an increase. Turnover is said to have come to 45 billion dollars last year....