Latest Articles in Business

Decathlon develops recyclable swimwear with Resortecs

French sporting goods chain Decathlon has teamed up with the Belgian textile recycling company Resortecs to develop a recyclable swimwear collection. The collection addresses the main problem with recycling swimwear to date, which has been that swimwear fabrics usually have high elastane content, but elastane cannot yet be separated from the...

Business

Sycamore may take Nordstrom private

New York-based private equity firm Sycamore Partners has set its sights on acquiring U.S. department store group Nordstrom, with plans to take it private. Following discussions held by Nordstrom CEO Erik Nordstrom and President Pete Nordstrom with the chain's board last month, the company confirmed its exploration of the possibility of...

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Tunis Fashion Week 2024: A platform for international business and artistic dimension

By bringing together institutional delegations from China and Russia, potential private partners from Algeria and brands from Tunisia, Portugal, Italy, Russia and France, at the gateway to the Sahara, in the phantasmagorical setting of an arty, industrial salt lake, the producer of Tunis Fashion Week, Anis Montacer, presents Tunisia with a...

Business

Patagonia: 'The Shitthropocene' explores the age of cheap clothing trash

In a documentary that is as humorous as it is revealing, the US outdoor company Patagonia has taken a critical look at consumer habits and the resulting clothing waste. The 45-minute film entitled 'The Shitthropocene' - an allusion to the current geological age of mankind (the Anthropocene) - takes a satirical but brutally honest look at how...

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Labels To Watch: 5 South African brands that reflect the richness of Africa’s fashion

South Africa Fashion Week (SAFW) has enjoyed a good reputation for decades. Founded in 1997 by Lucilla Booyzen, the biannual event takes place in both Johannesburg and Cape Town and presents an important opportunity for retailers to discover the richness of African fashion. South Africa is a breeding ground for fashion talent. According to...

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Model Alliance rallies for Fashion Workers Act ahead of Met Gala

Model Alliance, a research and policy organisation, rallied on the steps of the Metropolitan Museum of Art yesterday to spotlight the Fashion Workers Act, a bill proposal that hopes to regulate New York’s model management agencies. The rally, which was notably organised on the eve of Met Gala Monday, saw attendance from models, including Kaja...

Business

Tod's to be delisted after successful takeover bid by fund associated with LVMH

Milan - The friendly takeover bid for Tod's launched by L Catterton, an investment fund associated with LVMH, has exceeded the threshold of 90 percent of the capital, which will allow the Italian luxury shoe maker to be delisted from the Milan Stock Exchange, according to results published on Friday. "Tod's shares will be automatically withdrawn...

Business

Puig IPO raises €2.6 Billion Euros

Europe’s biggest IPO of 2024 saw Spanish conglomerate Puig exceed its share price of 24.50 euros to 25.50 euros on Friday, resulting in a market capitalisation of 13.9 billion euros after it sold 106.5 million shares. The funds raised, some 2.6 billion euros, will allow the fragrance and fashion group to make further acquisitions and reduce its...

Business

Ryan Reynolds becomes lead investor for NFL licensor Homage

Sports and licensed apparel company Homage has announced a strategic investment of growth capital from Maximum Effort Investments LLC, an investment advisory firm co-founded by Ryan Reynolds that will serve as the lead investor for this round of funding. Homage said that it intends to use the investment capital to expand its production capacity,...

Business

Marc Jacobs to halt use of reptile and ostrich skins

Following in the path of other luxury counterparts, Marc Jacobs has now confirmed that it will be banning the use of reptile and ostrich skins in its collections, according to the People for the Ethical Treatment of Animals (PETA). The nonprofit organisation has been pressuring Marc Jacobs, and other brands of the same calibre, to make such a...

Business

Centric Brands and Authentic establish licensing deal for Vince accessories

Centric Brands has secured a licensing agreement for Vince accessories with the brand’s parent company Authentic Brands Group, which follows a third-party partnership model for its portfolio of brands. Through the deal, Centric Brands will oversee the design, manufacturing and distribution of Vince branded handbags, small leather goods and belts...

Business

Frasers Group reportedly set to cut jobs at Studio Retail warehouse

Fashion and retail giant Frasers Group is said to have launched a redundancy consultation with warehouse staff at Studio Retail’s Accrington location in Lancashire. A total of 164 warehouse employees are believed to be impacted by the move, which is being carried out in light of a lack of sales, according to Drapers. Those affected derive from...