Through a partnership with Hong Kong-based technology firm TextileGenesis, Austrian fiber producer Lenzing enters the age of digital traceability: Using blockchain technology to support its Tencel-branded fiber business, Lenzing wants to ensure transparency from wood to the finished garment. “With Lenzing […]

L Brands, Inc. has declared a regular quarterly dividend of 30 cents per share payable on June 14, 2019 to shareholders of record at the close of business on May 31, 2019. L Brands said, this the company’s 178th consecutive quarterly dividend. Through Victoria’s Secret, Pink and Bath & Body Works, the […]

INTERVIEW When Bea Johnson started blogging about her strive to fit her garbage for an entire year in a single jar, many people called her crazy. Eleven years later, the zero waste movement is gaining traction. Johnson has a book, a TED Talk watched by over 300,000 people and an Instagram following […]

Sales at Compagnie Financière Richemont SA, for the year ended March 31, 2019, increased by 27 percent to 13.99 billion euros (15.63 billion dollars) at actual and constant exchange rates. The company said, excluding YNAP and Watchfinder, sales for the year rose by 8 percent at constant exchange rates, […]

LVMH-owned luxury marketplace 24 Sèvres has renamed itself 24S to capitalize on the strong international growth it’s been seeing in recent times. Additionally, its website, now redirected to 24S.com, will soon be available in more languages thanks to new staff members hired in New York, Miami and Hong […]

The Lycra Company is opening a new research and development laboratory in Nanhai, China, today. Named ‘Advanced Textile Innovation Center’ (ATIC), it is the company’s fourth facility of this kind. The goal is to integrate science with apparel market research in order to help Asian mills, brands and […]

A proposal to ban the sale of fur in New York has pitted animal rights advocates against an unexpected alliance of local industry figures and minority groups who say wearing fur is an important cultural marker. Separated by police, hundreds of protesters on both sides of the debate squared off outside […]

Announcing preliminary results for the 52 weeks ended March 30, 2019, Burberry Group Plc said, revenue excluding beauty wholesale increased by 2 percent CER and 2 percent reported to 2,720 million pounds (3,492 million dollars). Total revenue of 2,720 million pounds was down 1 percent CER and flat reported. […]

The Children’s Place, Inc., for its first quarter ended May 4, 2019 said net sales decreased 5.5 percent to 412.4 million dollars as a result of a comparable retail sales decrease of 4.6 percent. Net income for the quarter was 4.5 million dollars or 28 cents per diluted share compared to 31.5 million […]

On 2nd April, the court of Milan granted ailing Italian luxury fashion brand Roberto Cavalli SPA creditor protection (“Pre Concordato” status) with up to 120 days to present a turnaround plan. At the end of March, The Art Fashion Corp, the business that operates Cavalli's North American operations, […]

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