Business

AlgiKnit secures 13 million US dollars in funding

Materials innovator AlgiKnit, which creates eco-conscious yarns from kelp, has closed a 13 million US dollars Series A funding round led by Collaborative Fund. The round was also supported by H&M Group’s investment arm H&M Co:Lab, Starlight Ventures, Third Nature Ventures, and features ongoing support from previous investors Horizons Ventures...

2 hours ago

Business |Interview

TM Lewin MD on website relaunch and post-pandemic formalwear

British menswear retailer TM Lewin relaunched its websites last month, six weeks after being bought out of administration for the second time in two years. Like many formalwear companies, it was hit hard by the pandemic as it faced prolonged store closures and the cancellation of large social events such as weddings and the Royal Ascot. The...

6 hours ago

Fashion

Puma returning to New York Fashion Week in September

Sportswear giant Puma to present an immersive catwalk show during New York Fashion Week in September. Entitled ‘Futrograde,’ the catwalk showcase is being described as a “game-changing brand experience,” which will fuse physical and digital, while looking back at the brand’s heritage and ahead to the future. Taking place on September 13, the...

7 hours ago

Business

H&M reports jump in profit as shoppers return to stores

Swedish fashion giant H&M Group has reported strong profit growth in the first half of the year as the ending of lockdowns saw global shoppers flock back to stores. The group, whose portfolio of brands includes Cos, Weekday, Monki, and Arket, made a profit after tax of 3.9 billion Swedish krona (around 365 million euros) in the first six months...

7 hours ago

Fashion

Global demand for textile chemicals is to reach 1.90 million tonnes by 2030

The global demand for textile chemicals was 1.13 million tonnes in 2020 and is forecast to reach 1.90 million tonnes by 2030, according to a Global Textile chemicals Market Analysis report released by Reseach and Markets. The report analyses plant capacity, production, operating efficiency, technology, demand & Supply, end-user industries,...

7 hours ago

Business

Mulberry reports robust FY revenue, pre-tax profit growth

British luxury label Mulberry has reported robust annual results as customers returned to physical stores following the end of lockdowns. In the year to April 2, the bag specialist posted revenue of 152.4 million pounds, up 32 percent compared to the 115 million pounds it made the previous year. Breaking it down by geography, retail sales in its...

7 hours ago

Business

Localization is part of retail's future

Consumer engagement is changing in the digital age. As technology continues to advance, so do consumer expectations. According to McKinsey, 71 percent of consumers expect companies to deliver personalized interactions, and 76 percent will shop elsewhere if they don’t like their experience. Localization can help retailers increase conversion...

1 day ago

Fashion |Report

Paris Fashion Week Men’s: In Paris, extravagance drowns out the clothes

Dries Van Noten showed for the first time in two years back in Paris, as did Céline, Comme des Garçons and Thom Browne. After two years of digital calendars and only a handful of catwalk shows, the fashion spotlight was turned on again in Paris last week. Japanese and Belgian designers returned, and it had been a long time since we had seen so...

28 Jun 2022

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Business

Fashinza names Sumit Saxena as president of revenue and strategy

Fashinza, the B2B marketplace and global supply chain platform for fashion brands and retailers, has announced the appointment of Sumit Saxena as president of revenue and strategy. The company said in a statement that Saxena’s appointment comes after a 100 million dollars Series B announcement and business growth crossing 150 million dollars in...

2 hours ago

Fashion

Farfetch links with Good On You to launch sustainability hub for brands

Luxury fashion platform Farfetch has teamed up with sustainability ratings company Good On You to launch a sustainability hub to help brands better understand and communicate their sustainable credentials. The new ‘one-stop-solution’, called Good Measures, will give brands a “comprehensive view” of their current sustainability rating and provide...

3 hours ago

Fashion

BARTS SS23 collection

The new BARTS summer collection takes you on an unforgettable journey along the world’s most beautiful coastlines. The flow of water reminds us of our natural state of being: changeable, self-aware and resilient. It inspired BARTS to create new styles and fits that are infused with a sense of inner peace and balance. Indulge in the refreshingly...

6 hours ago

Business

Is Chanel raising its handbag prices again?

Luxury fashion consumers may have to brace themselves for further price hike as brands remain confronted with rising raw material and fuel costs as well as a shortage of both. Chanel increased prices on some of its handbags by 10 percent on its Hong Kong website, according to WWD, however the Paris-based luxury house said it was an error and...

6 hours ago