Business
- Prachi Singh |
PVH Corp. has entered into a definitive agreement to acquire Gazal Corporation Limited that it does not already own for 6 Australian dollars per share. The company said, Gazal has been PVH’s long term partner in Australia and if the acquisition is consummated, PVH will acquire its joint venture with […]
- AFP |
The death of legendary designer Karl Lagerfeld leaves a huge hole at the head of Chanel, but the fashion juggernaut is in such rude health it is likely to power on without him, analysts say. The workaholic German turned around the fading fortunes of Coco Chanel's iconic house in his 36 years in charge, […]
- Marjorie van Elven |
INTERVIEWCompanies looking to future-proof their existence can no longer turn a blind eye to social and environmental issues, as the ones which are not perceived as having a positive impact in the world are likely to go out of fashion. A 2018 survey of 10,000 millennials (people aged 25-35) and 1,844 […]
- Prachi Singh |
Marcolin Group and Max Mara Fashion Group have entered into a worldwide licensing agreement for the design, production and distribution of sunglass and eyeglass frames for women, under the Sportmax brand. The company said in a statement that the agreement is valid for five years, with effect from January […]
- Prachi Singh |
Tom Tailor Holding SE has decided to implement a capital increase of 10 percent against cash contribution with partial utilization of the approved capital. The company said in a statement that 3,849,526 new registered shares will be allocated directly and exclusively to Fosun International Ltd. With […]
- Robyn Turk |
Discount footwear retailer Payless Shoes is shuttering all business in the United States. All of the retailer's 2,100 locations in both the U.S. and Puerto Rico will close between March and May of this year, and the online store will close at some point as well. Payless first filed for bankruptcy in […]
- Weixin Zha |
The future of the Bangladesh Accord remains unclear following the decision by the Bangladesh Supreme Court to postpone the hearing on the future of the organization until April 7. Until then, the country's government and the Bangladesh Accord will continue their attempts to reach an agreement. Founded […]
- Marjorie van Elven |
Italy is long renowned for the quality of its craftsmanship, especially when it comes to clothing and leather goods. As a result, one third of European fashion giants either is Italian or operates in Italy. But how are those companies doing? To find that out, local investment bank Mediobanca analyzed […]
- Simone Preuss |
When the world’s fifth largest producer of cotton and the third largest exporter of raw cotton revives its organic cotton production, then this is reason to cheer as organic cotton uses about 70 percent less water than conventional cotton - not to mention less energy and fewer pesticides and insecticides. […]
- AFP |
Alibaba has bought an eight percent stake in Chinese online video sharing and entertainment service Bilibili for an undisclosed amount, state news agency Xinhua reported. Alibaba's e-commerce arm Taobao will reportedly own 24 million shares in Nasdaq-listed Bilibili, which claims tens of millions of […]