Kering announced on Thursday that it concluded a settlement with the Italian Revenue Agency relating to claims it had evaded paying taxes for Gucci between 2011 and 2017, vis-a-vis its Swiss subsidiary Luxury Goods International S.A. (LGI). The French luxury group, which manages fashion houses including […]

Lululemon is still at odds with their billionaire founder, Chip Wilson. Wilson recently lost his right to designate a board nominee after he "failed to observe the requirements of the support agreement relating to certain contesting stockholder actions." The news was reported by Business of Fashion. […]

Almost 80 percent of students at the world’s leading fashion schools are women. At apparel stores, nearly 75 percent of the workforce is female and they’re usually serving female customers, as women make about 80 percent of fashion-related purchasing decisions. Yet, only 12.5 percent of the apparel […]

Randa Accessories, the centenary company making leather goods, headwear, jewelry luggage and other accessories for brands like Hanes, Guess and Jessica Simpson, has entered a definitive agreement to acquire 100 percent of menswear label Haggar Clothing Co. The transaction is expected to close within […]

Reformation is looking for a buyer, says American publication WWD citing sources familiar with the matter. The sustainable brand, which according to the sources has registered an annual sales growth of more than 50 percent, has reportedly tapped Goldman Sachs to manage the first round of bids, which […]

With newly built industrial parks and a range of financial incentives, Ethiopia is working hard to become the world’s next garment exporter. “We will make Ethiopia the leading manufacturing hub in Africa”, Dr. Arkebe Oqubay, Special Economic Adviser to the country’s Prime Minister, recently said. The […]

A new report by Human Rights Watch (HRW) confirms once more that global fashion brands are contributing to unsafe and unfair working conditions at garment factories in countries like Cambodia, Myanmar, India, Pakistan and Bangladesh by pressuring suppliers to drive down prices and produce faster. The […]

Crocs, Inc. reported a strong start to the year on Tuesday, with overall revenues for the first quarter up 4.5 percent (or 9.0 percent on a constant currency basis) to 295.9 million US dollars (226.82 millions pounds) compared to the same period in 2018. Wholesale revenues at the company grew 5.2 percent, […]

Textile manufacturer Arvind Limited is the latest company to join the global sustainability initiative Fashion for Good. With Arvind, a global leader in apparel manufacturing and trailblazer in advanced materials, the Fashion for Good Innovation Platform gains a well-experienced partner “committed to […]

Koovs, the online retailer catering to the Indian market, reported improvement on its trading on Tuesday and announced it would be receiving extra funding. The company’s gross order value (GOV) stood at 12.8 million for the year ending March, compared to 14.8 million pounds for the previous year. GOV […]

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