Sustainable Apparel Coalition (SAC), the alliance of apparel, footwear and textile enterprises behind the Higg Index, has decided to spin off its technology division. A for-profit corporation called Higg Co. has been launched to develop the technology behind the sustainability assessment tools offered […]

Victoria’s Secret is “rethinking” its annual fashion show following at least five years of declining viewership, according to a memo sent to employees by Les Wexner, CEO of Victoria’s Secret parent company L Brands, and obtained by the New York Times. Wexner reportedly said that the brand “must evolve […]

Safilo Group S.p.A. has said that the company closed the first quarter of 2019 with the net sales from continuing operations at 247.3 million euros (277.7 million dollars), up 3.4 percent at current exchange rates and 0.6 percent at constant exchange rates with the wholesale business improving by 0.8 […]

British fashion designer Sophie Hulme is closing down her namesake handbag label in December due to health reasons. Hulme announced in a statement on Friday that the company will be selling two final collections and will launch “special projects” that it has been working on before it stops operating […]

Global Fashion Group S.A. (GFG), has reported growth in net merchandise value (NMV) of 22 percent to 341 million euros (383 million dollars) on a constant currency basis in the first quarter, while active customers reached 11.5 million, growing 14.5 percent year on year. The company’s revenue reached […]

For its third quarter to March 30, 2019, Tapestry, Inc. reported net sales of 1.33 billion dollars, an increase of 1 percent on a reported basis and 2 percent in constant currency. The company’s gross profit reached 916 million dollars on a reported basis, while gross margin for the quarter was 68.8 […]

INTERVIEWASAP: as sustainable as possible, as soon as possible. That’s the motto of Brazilian luxury label Osklen, one of the winners of this year’s CO Leadership Awards alongside brands like Raeburn and Stella McCartney. Founded in 1988 by orthopedic surgeon turned fashion designer Oskar Metsavaht, […]

JD.com has reported a 20.9 percent increase in net revenues to 121.1 billion yuan (118 billion dollars) in the first quarter of 2019 compared to the same quarter last year. Net service revenues at the company also rose to 12.4 billion yuan (1.9 billion dollars), an increase of 44 percent compared to […]

The rumors have been around for months, but Rihanna and LVMH kept their lips sealed. Not anymore. The French luxury conglomerate has confirmed this Friday that it will create a new luxury house centered on the Barbados-born popstar. The brand, which will debut in the Spring of 2019, will be called Fenty […]

Italian luxury label Moncler has reported a 14 percent (or 11 percent at constant exchange rates) increase in consolidated revenues for the first quarter of the year, up to 378.5 million euros compared to 332.0 million euros in the first quarter of 2018. Retail revenues for the period increased by 14 […]

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