The US Customs and Border Protection (CBP), an agency of the Department of Homeland Security, has formally banned the importation of “all cotton or cotton products produced in whole or in part with Turkmenistan cotton”. The decision, published on the agency’s website earlier this week, comes two months […]

While there is no denying the mind blowing star power of Kering's Gucci, which posted a 49 percent sales growth last year, it has been dethroned as Kering's fastest growing brand. That crown now belongs to Balenciaga designed by Demna Gvasalia. Business of Fashion confirmed the news earlier this week […]

IN DEPTH Walmart has topped Fortune magazine’s list of the 500 most valuable companies in the US once more. 16 other fashion retailers have also made the list, but none of them are newcomers. FashionUnited takes a closer look at the most recent developments to stem from these companies. Walmart - 1 […]

ISKO has become the first Turkish manufacturer to become a signatory member of the ZDHC Foundation. The denim mill joins the ZDHC Foundation as it continues to push forward its Responsible Innovation strategy. The move sees ISKO joining forces with the other 94 ZDHC contributors, which includes brands […]

London - L Brands, Inc reported its first-quarter results on Thursday, which saw the US company boost its top-line performance. The company reported net sales of 2.626 billion US dollars for the first quarter ended May 5, 2018, an 8 percent increase compared to sales of 2.437 billion US dollars for […]

London - LVMH has successfully led a new round of financing for Lyst, as the global fashion search platform aims to expand its presence online. The announcement confirms weeks of speculation that the luxury group was raising fresh capital for Lyst and sees LVMH's head of digital, Ian Rogers, join the […]

Carven isn't in the money. The Paris-based brand and its parent company Société Bérange have filed a voluntary petition with the Commercial Court in Paris placing it in receivership. The motion mirrors the equivalent to chapter 11 bankruptcy here in the United States. In 2016 Carven sold a majority […]

London - US fashion company Ralph Lauren Corporation reported better than expected profit for its fourth quarter, putting the company in the black for this year. The New York-based company saw its shares increase 13.5 percent to 132.39 US dollars in early trading, after reporting net income of 41.3 […]

Due to strong demand, the Austrian Lenzing Group is planning to “significantly expand” the production capacities for its new Tencel Luxe filament yarn, which was launched just in October 2017. The cellulose fibre producer will invest up to 30 million euros in a further pilot line at the Lenzing site […]

The TJX Companies, Inc. announced that net sales for the first quarter of fiscal 2019 increased 12 percent to 8.7 billion dollars, while consolidated comparable store sales increased 3 percent over the comparable period last year ending May 6, 2017. Net income for the quarter was 716 million dollars […]