Italian fashion house Salvatore Ferragamo has announced a three-year partnership with the Anna Meyer Paediatric Hospital Foundation to promote scientific research and expand the hospital. The partnership is to strengthen the Florentine fashion house’s ties to the region and the city of Florence, as […]

Primark’s parent company Associated British Foods (ABF) has warned of a further 220 million pounds it expects to lose from store closures as the UK increases its restrictions amid a new spike of Covid-19 cases. ABF said it now expects to lose 650 million pounds in sales in the year to September, up […]

UK maternity and nursing brand Seraphine has been acquired in a management buyout led by tech and consumer growth investor Mayfair Equity Partners in a deal valuing the company at around 50 million pounds. Mayfair acquired the company from Bridgepoint Growth and entrepreneur founder Cécile Reinaud who […]

JCPenney has announced that its CEO Jill Soltau has exited the company in the same month the business emerged from Chapter 11 bankruptcy. The iconic US department store chain’s new owners, Simon Property Group and Brookfield Asset Management, said they have started a search for a new CEO who should […]

The year 2020 started harmless enough with several good sustainability initiatives, but they were soon overshadowed by the global Corona pandemic. From March onwards, with lockdowns and restrictions for brick and mortar stores selling non-essentials like clothing, accessories and shoes, it was more […]

After months of back and forth, legal complications, stalemates, a global pandemic, Tiffany & Co.’s shareholders approved a 15.8 billion dollar deal with luxury conglomerate LVMH. At a virtual stakeholder meeting, 99 percent of votes were cast in favor of the deal where LVMH would acquire Tiffany […]

Recover, a leading producer of sustainable, premium recycled cotton fibre and cotton fibre blends, has announced new funding to scale its operations and to grow its output over the next five years to close the loop on fashion. The family-owned company with a 70-year long history in textile recycling […]

British online retailer The Hut Group (THG) is to acquire US skincare retailer Dermstore for 350 million US dollars from Target Corporation. THG has been one of the few retail success stories in 2020. The company increased revenue by 38.6 percent to 378.1 million pounds for the three months ended 30 […]

In December too, the fashion industry sought to advance its efforts towards more sustainability, recycling and a generally more circular economy. Particularly encouraging: collaborations between brands and tech hubs such as H&M with HKRITA, Bestseller and Cyclo, or Fashion for Good and Biofabricate […]

From football jerseys made with recycled polyester to the vegan version of the iconic Stan Smith – in 2021, for the first time, more than 60 percent of all Adidas products will be made with sustainable materials like recycled polyester or sustainably grown cotton. Consumers can spot them easily by their […]

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