INTERVIEW Technologically, manufacturing has advanced rapidly in China over the last few years. The country has said goodbye to low-cost production and is now betting on high-tech. This development is desired, politically, and funded by the state with large sums of money. Javier Garcia, president Asia […]

Premium British sportswear brand Castore is reportedly exploring options to raise 10 million pounds of funding to finance growth. In March, it was revealed that British Wimbledon winner Andy Murray signed a sponsorship deal with the company worth eight million pounds and acquired an undisclosed stake […]

Global Fashion Group (GFG) has cut the price of its planned initial public offering (IPO) to 4.50 euros per share, down from an initial price range of 6 to 8 euros per share. The company, which operates e-commerce platforms The Iconic, Zalora, Dafiti and Lamoda, said it placed 44 million shares, raising […]

UK fashion retailer French Connection has extended its sales process until September. In October, the company’s board announced that it was in the process of “reviewing all strategic options” and following preliminary discussions with “several interested parties” said it expected the strategic review […]

The UK arm of Italian fashion brand Stefanel has reportedly fallen into administration and will close its two London stores. Administration and insolvency practitioners CVR Global have been called in to deal with the process, Retail Week reports. The company will be closing both its London stores, on […]

BACKGROUND Almost six weeks ago, the Clean Clothes Campaign (CCC) published its country report for Romania, which revealed that workers toil eight to ten hours a day plus forced, unpaid extra time, are subject to insults and harassment at the workplace and in the end, receive only 14 percent of a living […]

Li and Fung-owned company LF Logistics has received a cash injection of 300 million US dollars from Singapore-based investment company Temasek, after they agreed to acquire a 21.7 percent stake in the company. The investment values LF Logistics at approximately 1.4 billon US dollars on a post-money […]

European online fashion retailer, Showroomprivé has announced that financial performance in the first half of the this fiscal year was not on the expected lines compared to the “Performance 2018-2020” plan anticipations, so the company will not able to reach its objective of a profitability in line […]

WWD has reported that a judge is expected to rule on the deal to approve the sale of Roberto Cavalli to Damac. After the deal is approved a share purchase agreement would have to be signed. An announcement regarding the deal is expected in the coming days. Damac is a Dubai-based property developer. […]

The French arm of UK retailer New Look has gone into liquidation after failing to find a credible buyer. A Paris trade court made the decision on 26 June following a request from administrators of the company’s French arm. New Look has 30 stores in France and around 400 employees with a turnover of […]

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