Three years after the disastrous blaze at Tazreen Fashions that claimed the lives of 112 garment workers, a Bangladesh court on Thursday finally charged more than a dozen people with homicide. Among those accussed are the two factory owners Delwar Hossain and his wife Mahmuda Akte as well as eleven […]

REPORT Primark, a part of the Associated British Foods announced an update prior to entering the close period for its full year results to September 12, 2015. Sales at Primark for the full year are expected to be 13 percent ahead of last year at constant currency mainly driven by an increase in selling […]

Women prefer Coach Inc.’s leather handbags to those of its major rivals, but they are less impressed by their lofty price, according to a recent market research piece by J.P.Morgan. According to a survey conducted by J.P. Morgan of 500 women between the ages of 22 and 55 who have purchased a handbag […]

Fashion can mean business and for Hiral Sanghavi, the inventor of BauBax travel jacket, it has definitely meant business of the best class. He needed to fundraise 20,000 dollars on Kickstarter to fund his BauBax travel jacket but instead, he smashed that target and raised an impressive 9 million dollars. […]

Members of the Administration Committee at El Corte Inglés have voted almost unanimously in favour of the expulsion of the governing body of Ceslar Corporation, the main dissenting voice on the entrance of the new Qatari partner in the shareholding of the company. Shareholders' Meeting of 2015 of El […]

Versace´s IPO is advancing at steady pace. The Italian fashion house has planned its debut on the stock market for 2016, and although there is not an IPO fixed date as yet, Versace’s latest valuation comes at 1.14 billion euros. “There’s no fixed date” for an IPO, Ferraris said in a phone interview […]

Luxury and premium fashion resale marketplace Vestiaire Collective has raised 33 million euros in its latest funding round led by French investment firm Eurazeo to accelerate its European and US expansion. The new funding round, which is one of the latest in France in 2015, also includes previous Vestiaire […]

REPORT Gap said that net sales for the four-week period ended August 29, 2015 decreased 3 percent to 1.20 billion dollars compared with net sales of 1.23 billion dollars for the four-week period ended August 30, 2014. On a constant currency basis, August 2015 net sales were flat compared with last year. […]

Forever 21 Inc wants to speed up its growth rate and in order to do that, it needs more money. Or so the fast fashion retailer is explaining to Wells Fargo & Co. and TPG, to whom it has turned to ask for a credit line to strengthen its productivity. As reported earlier this week by the ‘Wall Street […]

J. Crew’s parent group Chinos Intermediate Holdings has seen its rating cut down by Moody’s. The rating firm explains that "The negative outlook reflects the persistent declines in J. Crew's operating performance due to weak execution and challenging industry environment." The lower rating on J.Crew´s […]

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