Business
- AFP |
Italian fashion house Armani will stay independent, its founder and designer Giorgio Armani in an interview published Friday on business website Milano Finanza. "I have always believed that economic independence was the fundamental principle to work in full freedom," said Armani. The 84-year-old giant […]
- Marjorie van Elven |
Polyester is one of the most challenging fabrics to print on, but Japanese electronics company Epson is launching a direct-to-garment printer for companies working with 100 percent polyester apparel, such as activewear and faux leather. “To date, the direct-to-garment industry has been limited to printing […]
- Marjorie van Elven |
The United States topped this year’s ranking of the world’s most competitive economies, followed by Singapore and Germany. Made by the World Economic Forum (WEF), the list is based on a survey with 12,274 global business executives in 140 countries. Almost 30 points and 80 ranks separate the United […]
- Huw Hughes |
London - A new partnership between Chinese denim producer Prosperity Textile and Italian weaving machinery supplier Itema signifies a step in the right direction for sustainability. The partnership will see Prosperity using Itema’s new waste-saving iSAVERTM weaving technology in its new factory in Vietnam. […]
- Marjorie van Elven |
Compagnie Financière Richemont, which owns 17 luxury brands including Montblanc, Cartier and Chloé, has signed a partnership with Lafayette Plug and Play, the accelerator program for retail and fashion startups developed by Galeries Lafayette Group. “We are very pleased to welcome Richemont as one of […]
- Marjorie van Elven |
Two Swedish giants are growing closer: Interogo Holding AC, an investment company linked to Ikea, has bought a 190 million US dollar stake in Hennes & Mauritz (H&M), according to news agency Bloomberg. Interogo didn’t previously own any shares in the fast fashion company. The acquisition of the 0.6 […]
- Simone Preuss |
Dozens of female garment workers in Myanmar’s biggest city Yangon were attacked by assailants wielding iron bars on Monday. Hundreds of garment workers at Fu Yuen Garment Co. Ltd., which produced ready-made garments for German discounter Lidl and up until April this year for British fashion brand Joules, […]
- Huw Hughes |
Following the European Union’s decision to increase trade pressure on Cambodia, ripples of concern are spreading through the country’s garment industry and trade unions. The industry - which employs approximately 700,000 people - is a key contributor to the Cambodian economy, making the implications […]
- Marjorie van Elven |
H&M Group is rethinking its new Millennial-focused brand, /Nyden, just six months after its launch. First intended to be an independent label, /Nyden has been integrated into H&M’s website this week, following the dismissal of founder, CEO and creative director Oscar Olsson in July. The company said […]
- Robyn Turk |
New York - Earlier this month, online personal styling service Stitch Fix reported its remarkably positive fourth quarter earnings. The quarter, which ended July 28, 2018, saw a 25 percent increase in active clients and a net income of 18.3 million dollars. These figures bring Stitch Fix’s active clients […]