UK-based sustainable sourcing platform SupplyCompass has raised 1.5 million pounds (approximately 1.7 million US dollars) in seed funding led by early-stage venture capital investor Episode 1, with participation of Unicorn Ascension, Ascension Ventures, and Andy Chung and Philipp Moehring from AngelList. […]

French retail group Galeries Lafayette has joined forces with Mauboussin’s Chairman Alain Némarq to acquire the watch and jewelry brand for an undisclosed amount. The move signals Galeries Lafayette’s intention to grow in this segment, as the transaction is announced four months after the opening of […]

Net revenues at Brunello Cucinelli SpA for the first half of 2019 were 291.4 million euros (328.4 million dollars), a rise of 8.1 percent at current exchange and 7.2 percent at constant exchange rates compared to last year’s 269.5 million euros. Commenting on the first half trading, Brunello Cucinelli, […]

Reformation is going to Canada. The LA-based sustainable womenswear label has been acquired by private equity firm Permira Funds, who is opening Reformation's first Canadian store on Thursday, July 11. Permira Funds has significant experience backing popular consumer brands and helping these brands […]

Saitex, the Vietnam-based sustainable denim manufacturer working with brands like Everlane, G-Star Raw, Madewell and Polo Ralph Lauren, has achieved B Corp Certification. That makes Saitex the only apparel manufacturer in Asia to join the list of 2,500 B Corp-certified companies around the world, of […]

Amazon is looking to upskill 100,000 of its employees across the United States -- that’s almost a third of its workforce. The retail giant will invest over 700 million US dollars in trainings to enable people from all backgrounds, working in its corporate offices, tech hubs, fulfillment centers, retail […]

The Cato Corporation has reported sales of 76.6 million dollars, a 5 percent increase for the five weeks to July 6, 2019, while the company’s same-store sales were up 8 percent compared to the same period ended July 7, 2018. "June same-store stores exceeded our expectations," stated John Cato, Chairman, […]

French fashion house Chanel has acquired a majority stake in the Italian tannery Samanta specialising in printed leather. The deal was signed after almost a full year of negotiations, according newspaper Milano Finanza. Financial details of the transaction were not made public by the company. The development […]

The Fast Retailing Group has reported rises in both revenue and profit in the third quarter of fiscal 2019 with consolidated revenue increasing to 1.8228 trillion yen, up 7 percent and operating profit rising 3.7 percent to 247.6 billion yen (2.29 billion dollars) and profit before income taxes up 4.1 […]

Ahlers Ag has announced that sales revenues in the first six months of the fiscal year 2018/19 declined by 5 percent or 5.5 million euros to 105.3 million euros (118.7 million dollars). However, the company’s management board continues to expect consolidated earnings to grow at a high double-digit percentage […]

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