With less than a decade to meet the 1.5°C climate target, Textile Exchange looks to the accelerated adoption of preferred fibers and materials to achieve its 2030 Strategy: Climate+.  How many times in a single day does each person on the planet come into contact with one form of textile or […]

Swatch, the world's top watch company, said Tuesday its sales were nearly halved in the first half of the year due to coronavirus lockdowns, but that it has already returned to profitable operations. The Swiss-based group whose brands also include Omega, Longines and Tissot, said sales plunged by 46.1 […]

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 […]

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