Fashion

Pierre Cardin kicks-off its comeback with return to Paris fashion week

Luxury label Pierre Cardin is set to return to Paris Fashion Week in a bid to breathe new life into the brand, its new boss told AFP, just over a year after the death of its legendary founder. The famed couturier died in December 2020 at the age of 98, having built a hugely profitable business empire by licensing his name around the world. He...

16 hours ago

Business

10 Consumer trends to keep an eye on in 2022

Market research company Euromonitor International has released its consumer trends report for 2022, highlighting the top 10 trends that are motivating consumer behaviour and challenging traditional business strategies. In the report, Alison Angus, head of lifestyles at the company, said: “Businesses need to transform alongside rapidly evolving...

16 hours ago

Fashion

Underwear brand Parade launches recycling programme

Inclusive underwear brand Parade is expanding its sustainability efforts with a free recycling programme in the US with international recycling leader, TerraCycle. ‘Second Life by Parade’ is a first-of-its-kind national recycling programme through TerraCycle for the underwear category, looking to divert unwanted underwear from landfill and help...

21 hours ago

Business

LVMH Luxury Ventures invests in New York-based streetwear label Aimé Leon Dore

The investment arm of French luxury group LVMH has snapped up a minority investment in New York-based streetwear brand Aimé Leon Dore for an undisclosed sum. LVMH Luxury Ventures said Aimé Leon Dore will continue to operate independently out of its New York offices while receiving support and guidance from LVMH, WWD reports. The brand’s founder...

21 hours ago

Business

The Hut Group reports record annual sales, but warns on profit margins

The Hut Group (THG) has reported a strong increase in revenue in its full-year trading update but said its profit margins are expected to be lower than analysts’ previous estimates. In the 12 months to December 31, the British e-tail giant reported record revenue of 2.2 billion pounds, up 37.9 percent compared to last year and up 95 percent...

22 hours ago

Business |People

Valentino “streamlining” as it restructures business

Italian luxury fashion house Valentino is restructuring its finance and operations structure and added two new executive roles as it looks to streamline its business. In a statement, Valentino said that it has reorganised its finance and operations structure into two distinct units separating the business and control divisions. Both departments...

1 day ago

Business

Hugo Boss revenues beat pre-pandemic level

On a preliminary basis, currency-adjusted revenues in the fourth quarter at Hugo Boss Ag increased 51 percent compared to the prior-year level, and exceeded Q4 2019 levels by 12 percent. In the reporting currency, sales grew by 55 percent to 906 million euros. The company said in a release that the growth was supported by 98 percent of the...

Jan. 18, 2022

Business

Asos releases first-ever economic impact report

Asos is set to boost the UK economy by 3.8 billion pounds and support an additional 25,000 jobs within the next four years, according to the online retailer’s first-ever economic impact report. The online retailer’s total economic impact in the UK grew to 1.8 billion pounds in 2019-20, providing vital support to UK GDP at the height of the...

Jan. 17, 2022

More News

Business

Fashion for Good initiaties project with brands and innovators to shift textile processing from wet to dry

The global sustainable initiative Fashion for Good has launched a new consortium project called the D(r)ye Factory of the Future. Its aim is to accelerate the shift from wet to mostly dry processing as textile processing is responsible for the highest greenhouse gas emissions, significant water and chemical use in the fashion value chain. Thus,...

12 minutes ago

Fashion

Item of the week: the cape

What it is: The cape offers a chic alternative to both the scarf and the coat, and the style options are pretty much limitless. Whether you prefer a feminine silhouette, a utilitarian shape or a more classic piece, the cape shapes itself to pretty much any wearer’s taste. For the spring/summer 2022 season, multiple designers adopted the look,...

17 minutes ago

Fairs

Handheld aims to improve shipping efficiency

In this world of e-commerce, there is nothing more imperative to retailers than shipment. Handheld is helping make the shipping process more seamless using their new SP500X ScanPrinter. The device is currently the only device of its kind that allows workers to scan a barcode with one swipe and with the next swipe prints information (like which...

9 hours ago

Fairs |Interview

Surefront aims to centralize retail communication

COVID-19 threw the world into a global supply chain crisis. The tech industry took notice and realized there was an increase in demand for product lifestyle management (PLM) software. With necessity being the mother of invention, this led to the creation of Surefront, a PLM software that is becoming well known for saving the sanity of suppliers...

12 hours ago