REPORTLVMH Moët Hennessy Louis Vuitton, reported an 18 percent increase in revenue, reaching 25.3 billion euros (28.7 billion dollars), for the first nine months of 2015. Organic revenue grew 6 percent compared to the same period in 2014. The Group recorded strong growth in Europe and the United States, […]

Smiling faces among Cambodian garment workers: After tense negotiations by textile unions, the Cambodian government agreed to raise the minimum wage for garment workers by almost 10 percent to 140 US dollars a month from 2016. This is still short of union demands, which had initially asked for 177 US […]

REPORTNet sales at Gap for the five-week period ended October 3, 2015 decreased 1 percent to 1.46 billion dollars compared with net sales of 1.48 billion dollars for the five-week period ended October 4, 2014. On a constant currency basis, September 2015 net sales increased 2 percent compared with last […]

Outlining the roadmap of the BJP-led government for the coming months, finance minister Arun Jaitley has said that the Goods and Services Tax (GST) will be a ‘top priority’ and he hopes to take the bankruptcy code to the Parliament in the winter session. “Our roadmap for the coming months (is that) […]

German federal chancellor Angela Merkel, on a three-day visit to India that concluded yesterday, met prime minister Narendra Modi at the third India Germany Inter-Governmental Consultations (IGC) in New Delhi and renewed their determination to expand bilateral trade and investment. After the IGC, both […]

The fashion retail market is going through quick changes and how. Ecommerce, brands and physical retailers are partnering fashion events and designers to offer trend merchandise off the runway. Also, they are making changes in global runway fashion to suit Indian sensibilities. From Versace, Zara, River […]

Ecommerce platforms have so far been banking on heavy discounts and offers to attract customers to keep businesses running. However, they are realising that the same strategy is holding them from making profits. Now that competition to stay ahead is increasing and every online firm eyeing profits, leading […]

ANALYSISBack in 2010, FashionUnited launched its fashion and apparel industry benchmark index, compounded by the 100 biggest industry players by market capitalisation. Back in the day, the leading 20 public fashion within the index had a combined market cap of 314.7 billion dollars, this is 27.4 percent […]

With retail revenue at MRP sales of about Rs 300 crores and net sales of around Rs 190 crores, Being Human Clothing backed by actor Salman Khan’s Being Human Foundation is looking forward to achieving a 30-40 percent growth over last year. Mandhana Industries is the exclusive global licensee of the […]

London - American Apparel has found its way into the media spotlight once more as news broke the troubled fashion retailer filed for bankruptcy protection on Monday. The fashion company, which filed for Chapter 11 in the US Bankruptcy Court in Delaware this morning, aims to reorganise its debt - a move […]

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