Articles by Rachel Douglass
Renewcell reduces production as demand wanes
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Swedish textile recycler Renewcell has said that it has reduced its production capacity in light of a lack of sales during the month of November. The company reported that over the period it had produced just 1,339 metric tonnes of its Circulose pulp material, while its total production output at its facility was 1,420 tonnes. “No metric tonnes...
Frasers Group further increases stake in Boohoo
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Fashion retail giant Frasers Group has once again upped its stake in rival conglomerate Boohoo Group, taking its share in the company from 16.5 percent to 17.2 percent. Mike Ashley’s retail empire had first snapped up a stake in Boohoo during June 2023, and has since continued to up its holding on the group over the course of the year. At the...
Bogner opens first standalone concept store in UK
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German sports label Bogner has announced the opening of its first standalone store in the UK, in partnership with activity company The Bergladen Group. Over the span of five-storeys, and located in the centre of London’s Mayfair district, the Bogner store houses a curated selection of seasonal collections, including a variety of attire and...
Alessandro Vigilante to be next creative director at Rochas
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Italian designer Alessandro Vigilante has been named as the next to helm womenswear label Rochas as creative director of ready-to-wear, with his first collection to come in February during Paris Fashion Week for autumn 2024. The graduate of Istituto Europeo di Design (IED) Moda Lab is the sixth creative director to step into the role following...
Tod’s names Matteo Tamburini creative director
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Footwear and leather specialist Tod’s Group has announced the appointment of Matteo Tamburini as its flagship brand’s newest creative director. In the position, Tamburini will oversee Tod’s women’s and men’s collections, with the first to be the autumn/winter 2024/25 women’s line, set to be presented during the next Milan Fashion Week, in...
Creative director Matthew Williams to exit Givenchy
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Givenchy is preparing to part ways with its creative director of three years Matthew Williams, with the designer's last collections to be for pre-fall 2024. Set to come into effect from January 2024, Williams’ exit coincides with the end of his contract at the company, initially set out upon his arrival in 2020. Confirming the departure in a...
Fashion for Good introduces toolkit tackling waste in India
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Sustainable fashion platform Fashion for Good has released a new toolkit that looks to tackle the problem of textile waste in India through insights, assessments and guidance that hope to advance recycling in the region. The ‘Sorting for Circularity’ toolkit was unveiled during the organisation’s Reimagining Textile Waste conference, currently...
Chico’s delivers ‘in line’ Q3 results, withdraws 2023 outlook
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Chico’s FAS has published its financial results for the 13-week period ended October 28, 2023, during which time it said that it had delivered results “in line” with its previously issued outlook. The company reported a net income of five million dollars, or four cents per diluted share, compared to the previous year’s income of 24.6 million...
Ulta Beauty sees notable Q3 sales increase, outlines CFO transition plan
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Cosmetics retailer Ulta Beauty has reported “another strong performance” for the third quarter of 2023 – the 13-week period ended October 28, 2023 – with net sales reaching 2,488.9 million dollars, up 6.4 percent from 2,333.8 million in the year prior. Comparable sales for the period rose 4.5 percent compared to an increase of 14.6 percent,...
Orla Kiely reports 61 percent profit increase
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Irish retailer Orla Kiely has filed its full year accounts for 2023, in which it said that it had seen a 61 percent increase in profit, taking overall profit for the financial year to 870,000 pounds. The heritage brand additionally reported a 42 percent increase in turnover to 5.004 million pounds, while operating profits also saw an increase of...