Net revenues at Brunello Cucinelli SpA for the first half of 2019 were 291.4 million euros (328.4 million dollars), a rise of 8.1 percent at current exchange and 7.2 percent at constant exchange rates compared to last year’s 269.5 million euros. Commenting on the first half trading, Brunello Cucinelli, […]

Reformation is going to Canada. The LA-based sustainable womenswear label has been acquired by private equity firm Permira Funds, who is opening Reformation's first Canadian store on Thursday, July 11. Permira Funds has significant experience backing popular consumer brands and helping these brands […]

Saitex, the Vietnam-based sustainable denim manufacturer working with brands like Everlane, G-Star Raw, Madewell and Polo Ralph Lauren, has achieved B Corp Certification. That makes Saitex the only apparel manufacturer in Asia to join the list of 2,500 B Corp-certified companies around the world, of […]

Amazon is looking to upskill 100,000 of its employees across the United States -- that’s almost a third of its workforce. The retail giant will invest over 700 million US dollars in trainings to enable people from all backgrounds, working in its corporate offices, tech hubs, fulfillment centers, retail […]

French fashion house Chanel has acquired a majority stake in the Italian tannery Samanta specialising in printed leather. The deal was signed after almost a full year of negotiations, according newspaper Milano Finanza. Financial details of the transaction were not made public by the company. The development […]

The Fast Retailing Group has reported rises in both revenue and profit in the third quarter of fiscal 2019 with consolidated revenue increasing to 1.8228 trillion yen, up 7 percent and operating profit rising 3.7 percent to 247.6 billion yen (2.29 billion dollars) and profit before income taxes up 4.1 […]

Global sportswear brand Sergio Tacchini has announced a new ownership structure. entrepreneur Stefano Maroni, Twin Lakes Capital LLC and B. Riley Principal Investments LLC will now own and operate the company originally founded in 1966 tennis player Sergio Tacchini. Maroni will hold the position of […]

Launchmetrics, the data analytics firm for the fashion and beauty industries, has announced the release of a new tool, Insights by Launchmetrics, to help C-level executives decide where to allocate their marketing investments. Using Launchmetrics’ Media Impact Value (MIV) algorithm, which attributes […]

Levi Strauss & Co. missed analysts' earnings expectations in the second quarter of the fiscal year, reporting on Tuesday a 5 percent increase in sales for the second quarter of the year, but a 63 percent drop in net income to 49 million dollars (about 39 million pounds). The American denim specialist […]

It has come to light that German fashion brand The Strenesse New GmbH has filed for an order of temporary self-administration with the local court of Bavarian city Nördlingen already on June 26, 2019. “This procedure allows a smooth continuation of the business. … [and] offers the opportunity for realignment […]

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