CEO INTERVIEWFor most people, work is the last thing they want to think about while on vacation. For Alberto Espinos, however, a trip to Thailand with some friends in 2016 generated a business idea that flipped his career upside down. After hiking hundreds of hours carrying heavy backpacks, he and his […]

Austrian fibre producer, The Lenzing Group, received confirmation of the full biodegradability of its fibers in fresh water by the independent research laboratory Organic Waste Systems (OWS). The new and existing international certifications conducted by OWS and issued by TÜV Austria verify that Lenzing’s […]

Sports Direct boss Mike Ashley is facing mounting opposition ahead of the company’s annual general meeting on 11 September as a third advisory firm has recommended that shareholders vote against his reelection. Institutional Shareholder Services (ISS) joined calls from Pirc and Glass Lewis’ to oust […]

The British Fashion Council (BFC) is appealing to the government to avoid a no deal Brexit, claiming that it would have a “negative impact” on the fashion industry. In an open letter, the BFC states that based on export figures from 2018, it is estimated that switching to World Trade Organisation (WTO) […]

Arcadia has denied claims that owner Sir Philip Green is considering breaking up the brands in his group so they can be sold separately over time. According to the Sunday Times, Arcadia has begun separating shared functions such as HR and IT across the brands, which include Topshop, Dorothy Perkins, […]

The VF Corporation, parent to brands like Timberland, the North Face, Vans, Dickies and Kipling, announced on Friday that it would no longer source leather from Brazil due to environmental concerns. From 1st January to 20th August 2019, fires in the Brazilian Amazon have increased by 84 percent compared […]

Indian e-commerce marketplace Flipkart Group has signed a deal with Authentic Brands Group (ABG) for the licensing and distribution of lifestyle brand Nautica in India. As a part of this agreement, Flipkart Group will manage Nautica’s online and offline business, through a network of franchise partners, […]

Gap Inc. has announced that, following the completion of its split from Old Navy, the new public company, currently referred to as NewCo, will retain the Gap Inc. name. The new Gap Inc. will include the remaining brands following the separation from Old Navy, including Gap, Banana Republic, Athleta, […]

Canadian retailer Hudson's Bay is reportedly planning to close all its stores in the Netherlands by the end of the year. A total of 15 stores will be closed and 1,424 jobs will be lost, according to Dutch newspaper Het Financieele Dagblad (FD), citing a letter from Hudson’s Bay parent company Hudson’s […]

Value footwear retailer Shoe Zone saw its shares plunge by more than 30 percent after the company announced the resignation of its chief executive and a stark profit warning on Friday. Shoe Zone, which operates 550 UK stores and has 4,000 employees, saw shares fall as low as 116.6p in early trading […]

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