REPORT While the garment industry worldwide is by now well aware of what transpired on 24th April 2013 when the Rana Plaza building in Bangladesh collapsed, killing 1,134 workers in the five garment factories it housed and injuring 2,500, few are aware of Pakistan’s worst industrial disaster that occurred […]

Waste2Wear, the Dutch company that makes fabrics out of recycled plastic bottles, has presented the world’s first collection of recycled ocean plastic fabrics that is fully traceable using blockchain technology at the international textile fair Première Vision, taking place from 17th to 19th September […]

Zivame recently held the ‘Grand Lingerie Festival’ through which it expects to boost sales. The brand offers innovations and collections across lingerie, shapewear, sleepwear, and activewear. It offers women innovations like the wonder wire bra, the shaper bra, the super soft Marshmallow collection […]

In the third quarter of 2019, from June 1, 2019 to August 31, 2019, the Hennes & Mauritz AB (H&M) group’s net sales increased by 12 percent and amounted to 62,572 million Swedish krona (6,515 million dollars), while in local currencies, the company said, net sales increased by 8 percent. The […]

The Austrian retail and real estate group Signa Holding GmbH executed a capital increase of 700 million euros (around 775 million US dollars or 622 million British pounds) by its existing shareholders last week. Moreover, its largest subsidiary Signa Prime Selection AG, as the flagship real estate company […]

BACKGROUND Six years ago, the worst industrial accident in the history of Bangladesh occurred. More than 4,000 people were buried under debris and at least 1,138 killed when the Rana Plaza building collapsed, housing several garment factories where western apparel companies manufactured their clothes. […]

Sustainability has finally become more than just a buzzword with brands, retailers and innovative companies following through and taking responsibility. August saw brands especially becoming ambitious and setting sustainable targets for themselves in terms of water consumption, materials used and carbon […]

The Hermès Group’s consolidated revenue amounted to 3,284 million euros (3,623 million dollars) in the first half of 2019, up 15 percent at current exchange rates and 12 percent at constant exchange rates. The company said, recurring operating income increased 15 percent, to reach 1,144 million euros […]

For its first quarter, New Look Retail Holdings Limited said that the company managed to reduce statutory loss before tax by 12.8 million pounds (15.8 million dollars) to 2.7 million pounds (3.3 million dollars) following restructuring compared to loss of 15.5 million pounds in the same quarter last […]

Inditex Group net sales increased by 7 percent in the first half of 2019 to 12.82 billion euros (14.15 billion dollars) for the first time. In local currencies, the company said, sales growth was 7 percent, while like-for-like sales grew by 5 percent, underpinned by growth across all brands and regions, […]

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