Business
- FashionUnited |
Tuesday marked five years since thousands of workers were killed by the collapse of the Rana Plaza textile factory in Bangladesh. Due to the extremely low wages and tax advantages Bangladesh is the center for fast and cheap production of fast fashion. However, more and more Western fashion companies […]
- Prachi Singh |
In the first quarter of 2018, Puma’s sales increased by 21.5 percent currency-adjusted and 12.5 percent reported to 1,131.1 million euros (1,381.9 million dollars). The company said, due to the strength of the euro against all other major currencies during the first quarter, there was a 9 percent negative […]
- Prachi Singh |
The Kering Group reported 27.1 percent growth on reported and 36.5 percent on comparable basis in consolidated revenue for the first three months of 2018 to 3,107.8 million euros (3,797.2 million dollars). Directly operated store sales were up 39.9 percent on a comparable basis, with double-digit growth […]
- AFP |
Paris - Five years on from the industrial disaster that killed over 1,130 clothing factory workers in Bangladesh, high street fashion giants have invested millions in developing more socially responsible practices. But experts say the people who produce the T-shirts, dresses and rompers that sell like […]
- Danielle Wightman-Stone |
Perry Ellis International, Inc. has signed a license agreement with Casablanca-based retail group, Kennek FZE for them to source and distribute a full range of products from surf, skate and ski brand Gotcha in North Africa. Kennek, which is the manufacturer and distributor in North Africa for brands […]
- Danielle Wightman-Stone |
Auction marketplace eBay has confirmed that it will offer PayPal as a way to pay on its website until July 2023, making PayPal a payment option on its new intermediated payments model. “PayPal has been a great partner for eBay, and as part of our new payments experience PayPal will continue to be a […]
- FashionUnited |
Walmart has edged closer to a 1.5 million dollar deal with Flipkart, India's leading e-commerce company, for 12 billion dollars. Business of Fashion has reported that the deal could be finalized within two weeks. Flipkart's major investors are all on board to sell to Walmart after debate over whether […]
- AFP |
Leading Chinese firms including e-commerce giant Alibaba were heavily criticised Monday for gender discrimination in job adverts in a new report which said the landscape for the female workforce in China was deteriorating. The report by campaign group Human Rights Watch, entitled "Only Men Need Apply: […]
- Prachi Singh |
The OTB Group founded by Renzo Rosso, reported a 2.4 percent decrease in turnover at constant exchange rates to 1.52 billion euro (1.87 billion dollars), reports MF Fashion. Quoting the company statement, the report said, overall increase in margins, together with cost optimization actions, led the […]
- Angela Gonzalez-Rodriguez |
Former House of Fraser’s executive and experienced fashion retail expert John King has been appointed CEO at Australian department store operator Myer. King held the reins at British fashion label House of Fraser, a business he restructured and eventually sold to Sanpower in 2014. Commenting the appointment, […]