French luxury group Kering still has plenty of spring in its step despite cutting loose sneaker brand Puma, with Gucci grabbing the financial glamour with a profit margin nearing 40 percent. With the Stella McCartney, Volcom and Christopher Kane brands also off the books, the group saw sales soar 26.3 […]

TCNS Clothing’s net sales were Rs 302.32 crores in the December quarter as compared to Rs 322.42 crores in the September quarter. Net profit for the quarter was Rs 37.07 crores as against Rs 41.22 crores in the September quarter. EPS was Rs 5.81 for the December quarter as compared to Rs 6.48 for the […]

Kontoor Brands, the independent company resulting from the separation of Wrangler and Lee from VF Corporation, has announced its departure from the Argentinian market from March. “Our 200 employees in Buenos Aires have already been notified that they will no longer have a job from March”, said the company […]

H&M Group has issued a statement about the unrest in Bangladesh after being criticized for working with garment factories in the country. Last month, thousands of garment factory workers staged an eight-day strike, calling for fair wages and safe working conditions. They claimed factories failed to […]

Shopping network QVC has unveiled a new brand identity and logo in the US, ahead of an International rollout, which it states reflects “QVC’s leadership as a digital destination for inspired shopping”. The new QVC logo features a “Q” with a simple square surrounding it, which the shopping channel states […]

Austrian fibre producer Lenzing has partnered with the Textile and Fashion Federation Singapore (TaFF) and recently opened a Tencel Studio in a prominent location on popular shopping destination Orchard Road to offer Singapore’s designers a hub to present themselves and make the Tencel brand more accessible […]

With an ever-increasing consumer demand for more sustainable products, the fashion industry is facing mounting pressure to become a more circular economy, with waste reduction a key concern for many brands. The annual production of apparel has doubled since the turn of the century, but the share of […]

New York - Billionaire Mukesh Ambani-led Reliance Industries Ltd said on Friday it has increased its stake in luxury fashion retailer Genesis Colors Ltd and a company set up by fashion designer Raghavendra Rathore. Reliance Brands Ltd, a subsidiary of Reliance Industries, acquired an additional stake […]

In 2018, the Hermès Group’s consolidated revenue reached 5.9 billion euros (6.7 billion dollars), up 10 percent at constant exchange rates and 7.5 percent at current exchange rates. The company said, revenues grew 10 percent in the fourth quarter at constant exchange rates with growth in all the geographical […]

For the fourth quarter, sales at Skechers grew 11.4 percent as a result of an 18.4 percent increase in the company’s international wholesale business, a 7.5 percent increase in its company-owned global retail business, and a 4.8 percent increase in its domestic wholesale business. Gross margins increased […]

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