Business

L Brands to separate Victoria's Secret business from Bath & Body Works

L Brands, Inc. has announced that its board of directors has unanimously approved a plan to separate the company into two independent, public companies: Bath & Body Works and Victoria’s Secret, including Victoria’s Secret Lingerie, Pink and Victoria’s Secret Beauty. “In the last ten months, we have made significant progress in the turnaround of...

13 hours ago

Business

HanesBrands Q1 sales increase 25 percent, reveals positive outlook

HanesBrands Inc. net sales for the first quarter, totalled 1.51 billion dollars, an increase of 25 percent, while total constant currency first-quarter net sales increased 22 percent. The company said, double-digit growth in both global innerwear and activewear businesses was driven by strong point-of-sale performance across all major channels,...

13 hours ago

Business

Fashion District shortlists ten tech start-ups for Manufacturing Futures 2021

The Fashion District, in collaboration with The Fashion Innovation Agency from London College of Fashion, UAL, has announced ten start-ups that “could change the face of fashion manufacturing” as part of its innovation challenge prize. The Manufacturing Futures 2021 calls upon fashion and tech companies to introduce new tech solutions for the...

14 hours ago

Fashion

Diesel reinforces sustainability with ‘Diesel Library’ initiative

Diesel and creative director Glenn Martens are launching a new project ‘Diesel Library’ as part of the brand’s new sustainable strategy, which will be unveiled for spring/summer 2022. For his debut collection for Diesel, Martens will showcase the brand’s new genderless approach to design, a new strategy for its core category - denim, with what...

15 hours ago

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