14 Sustainability efforts of the fashion industry in July 2020
The fashion industry's sustainability efforts continued in July - with efforts at brand level, such as more sustainable, circular or recyclable products, or with further-reaching solutions, such as waste water treatment, offsetting carbon emissions or tackling the plastic problem. FashionUnited has put together 14 sustainable initiatives that...
20 hours ago
Helsinki Digital Fashion Week Overview
Whilst the major fashion capitals have had to play catch up, Helsinki Fashion Week had already been exploring cyberspace as an alternative to a physical event, far in advance of the COVID19 crisis. Initially conceived as a response to the environmental crisis, Helsinki’s approach has proven very timely and the July 2020 edition offered an...
21 hours ago
Coach-parent Tapestry posts loss for Q4 and full year
Net sales at Coach-parent Tapestry Inc totalled 715 million dollars for the fourth quarter compared to 1.51 billion dollars in the prior year. The company said in a statement that gross profit totalled 499 million dollars on a reported basis, while gross margin for the quarter was 69.8 percent compared to 999 million dollars and 66 percent,...
Aug. 13, 2020
Rixo moves to monthly drop model
London-based fashion label Rixo has unveiled that it is moving away from the traditional fashion calendar to produce seasonal collections and will instead move to a drop model format. Rixo stated that going forward it would choose to deliver pieces by monthly drops in an effort “to drive even more timely, conscious and considered production”....
Aug. 13, 2020
Simon Property Group, Authentic Brands Group acquire Lucky Brand
Lucky Brand has been bought by Sparc Group, joint partnership of Simon Property Group and Authentic Brands Group. The denim brand had been searching for a buyer since it filed for bankruptcy last month. Sparc is paying a sum of 140.1 million dollars in cash for Lucky Brand, and will acquire rights to sourcing, product design and development and...
7 hours ago
Hudson's Bay Company appoints new chief financial officer
Michael Culhane has been named the new chief financial officer of Hudson's Bay Company. The executive brings over 30 years of finance and accounting experience to the retail company. Culhane most recently served in the same role for shipping and industrial supplies distributor ULINE, Inc. He previously worked with The Bon-Ton Stores and...
8 hours ago