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Tototè.Studio launches its partnership with the multi-brand store Margreeth Olsthoorn

This week the ethical, sustainable and locally produced Dutch bag brand Tototè.Studio launches its partnership with Margreeth Olsthoorn in Rotterdam. Margreeth Olsthoorn is a well-known name in the Dutch and international fashion industry, housing contemporary designer collections for women and men such as Rick Owens, Maison Margiela and Helmut...

11 hours ago

Business

China hits Alibaba with record 2.78 billion dollars for market abuses

Shanghai - Chinese regulators hit e-commerce giant Alibaba with a record 18.2 billion yuan (2.78 billion dollars) fine on Saturday over practices deemed to be an abuse of the company’s dominant market position. The State Administration for Market Regulation said it assessed the fine after concluding an investigation into Alibaba that began in...

19 hours ago

Business

Pajama’s apparel industry’s value to triple by 2027

Since the pandemic started, sales of pajamas, loungewear and comfortable clothing fitting for stay-at-home and work-from-home new routines have exploded. Recent research estimates the pajama global industry will be worth three times more by 2027. Market research firm NPD Group has told ‘Business Insider’ that pricier pajamas – costing 50 dollars...

11 Apr 2021

Business

Frasers Group warns of 200 million pound hit from Covid

Frasers Group has warned of a potential 200 million pound hit linked to Covid - twice the amount it estimated back in February. The group, which owns brands Sports Direct, Flannels, House of Fraser, and Jack Wills, said it believes further restrictions are “almost certain”, and said it is “continuing to assess the Covid-19 potential impact on...

9 Apr 2021

Business

Blockchain start-up Retraced: “We aim to prove transparency pays off”

The ascent of German blockchain start-up Retraced has been rapid: Founded in October 2018, and just over a year later, the company won the German Sustainability Prize 2019. During the pandemic year 2020, Retraced was able to win over 40 fashion companies (including Armedangels, Boyish Jeans and ErlichTextil) and started 2021 with raisingone...

9 Apr 2021

Business

Digital Showroom startup HATCH launches HATCH Connect: an immersive remote selling experience for brands and retailers

Virtual appointments, real connections. Amsterdam, the Netherlands (April 2021): PVH-backed startup HATCH is launching HATCH Connect, its latest addition to their Digital Showroom platform. HATCH Connect enables customers to conduct virtual appointments directly from the Digital Showroom without having to use additional software such as Google...

9 Apr 2021

Business

Asos looks to raise 500 million pounds for global expansion

Asos has announced plans to raise 500 million pounds to drive its global expansion a day after the British fashion giant reported surging profits for the first half of the year. The company said it is offering 500 million pounds of senior unsecured guaranteed convertible bonds due 2026 through its subsidiary Cornwall (Jersey) Limited. Asos said...

9 Apr 2021

Business

The market nods to Falabella's departure from Argentina

The Chilean fashion retail group Falabella has confirmed that it will close the doors of all its physical establishments in Argentina, a country that has been key in its expansion in the Latin American market. Industry experts approve the move, key in Falabella’s omni-channel strategy. Last September, the Chilean parent group announced that it...

8 Apr 2021

Business

British Fashion Council to support students with fabric donations

The British Fashion Council has announced that it is launching the Student Fabric Initiative, a collective community action project that aims to support fashion students across the UK in the face of the pandemic, while reducing waste across the industry. The initiative aims to support students as they complete their BA fashion degrees, explained...

8 Apr 2021

Business

Centra and FashionUnited partner up to offer brands a wider reach to wholesale buyers

In response to the pandemic, Centra and FashionUnited have partnered up to extend reach from Centra’s private digital Showroom onto the FashionUnited Global B2B Marketplace. At the backbone of the partnership lies a solid API- integration that allows Centra’s clients to showcase their collections to 40.000 wholesale buyers in the FashionUnited...

8 Apr 2021

Business

Fast Retailing reports 22.9 percent increase in H1 profit

The Fast Retailing Group reported a decline in revenue but a large jump in profits in the first half of fiscal 2021 with consolidated revenue totalling 1.2028 trillion yen, down 0.5 percent and operating profit rising to 167.9 billion yen, up 22.9 percent. The company said in a release that rise in profit can be attributed primarily to large...

8 Apr 2021

Business

Accessories brand Cacto announces it is carbon-negative

Carbon neutrality is no longer enough, states Mexican-American accessories brand Cacto, which is claiming to be the first carbon-negative fashion company in the Americas. Cacto, which produces sustainable accessories made of cactus leather, has partnered with Swiss nonprofit organisation, On A Mission, which has measured and offset 150 percent...

8 Apr 2021