Ted Baker is reportedly facing an investor revolt over plans to increase the salary of its executive team despite the label’s financial woes. Institutional Shareholder Services (ISS) has recommended investors to vote down the company’s remuneration policy at its annual meeting next week, The Sunday […]

American fashion brand Tommy Hilfiger has announced that it is launching a new platform in response to the Black Lives Matter movement, which will seek to advance the representation of Black, Indigenous and people of colour (BIPOC) working within the fashion and creative industries. Dubbed the ‘People's […]

John Lewis and Primark are both reportedly set to turn down government money to bring furloughed staff back to work. The Jobs Retention Bonus, announced last week, allows UK employers to receive a one-off bonus of 1,000 pounds for each furloughed employee that returns to work. To be eligible, the worker […]

Italian fashion group Giorgio Armani has reported a return to growth in 2019, a year in advance following the rollout of its strategic plan to upgrade its brand portfolio and streamline its distribution network. In 2019, the Armani Group reported consolidated net earnings totalling 124 million euros […]

Quiz has suspended a supplier over allegations of non-compliance with the National Living Wage requirement. The British fashion retailer said it was investigating reports that workers at one of its suppliers' factories in the Leicester region had been paid just 3 pounds an hour to make clothing for […]

Premium activewear e-tailer, The Sports Edit, has launched a crowdfunding campaign to further accelerate its growth. The campaign follows 2020 marking the company’s “best year yet,” growing online revenues by 145 percent, despite global economic uncertainty, and the company reported some of its best […]

For the second quarter, Kinnevik reported NAV of 89.6 billion Swedish krona or 323 Swedish krona per share, up 24.7 billion Swedish krona or 38 percent in the quarter. The company’s net cash position was 5.5 billion Swedish krona, corresponding to 6.6 percent of portfolio value by quarter-end, and amounting […]

The bankruptcy filing of America's oldest apparel retailer Brooks Brothers has ignited significant interest from potential buyers for the brand. WHP Global and a venture backed by Authentic Brands Group LLC and Simon Property Group, Inc., are reportedly considering bids for the retailer. WHP Global […]

Dutch eyewear label Ace & Tate has raised 14.25 million euros to help fund its European expansion. The Amsterdam-based brand said the money will be focused on three areas: retail expansion in new and existing European markets; new technologies to bolster its omnichannel model; and building on current […]

Interview As younger generations spend increasingly more time online, one social media platform has been catching the attention of everyone: TikTok. But what do fashion brands have to do to grow their presence on the app? The Chinese-owned short-video platform has such addictive qualities that teenagers […]

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