For more than two years, Brexit has been a daily hot topic in the news. Ever since the UK’s ‘leave’ vote on 23 June 2016, no other topic has dominated European politics quite like Brexit. Nevertheless, there has been no real progress ever since. Theresa May once promised that “Brexit means Brexit and […]

For the first quarter to February 28, 2019, Hennes & Mauritz AB (H&M) group’s net sales increased by 10 percent to 51,015 million Swedish krona (5,498.6 million dollars), while in local currencies, net sales increased by 4 percent. The company said, the online platform in Germany was replaced during […]

The latest version of the Open Apparel Registry (OAR) -- a free, open source tool mapping garment facilities worldwide -- went live today, following a beta release in 2018 and a series of improvements based on user feedback. Companies can use the tool to update their address book, find new suppliers […]

Fung Group and Ruyi Group have announced a strategic partnership to jointly develop new growth opportunities in the global textile and garment sector, specifically in the emerging Africa market. The company said that this strategic partnership will combine Fung Group's downstream network, brand expertise […]

For its fourth quarter, PVH Corp. reported revenue decrease of 1 percent to 2.5 billion dollars, while revenues increased 2 percent on a constant currency basis) compared to the prior year period, including a 125 million dollars negative impact as a result of 2017 including an additional week. Earnings […]

Lululemon Athletica Inc., for its fourth quarter ended February 3, 2019, reported net revenue of 1.2 billion dollars, an increase of 26 percent, while on a constant dollar basis, net revenue increased 27 percent. For the full fiscal year, net revenue was 3.3 billion dollars, an increase of 24 percent. […]

Google has established an Advanced Technology External Advisory Council (ATEAC) to consider ethical issues around artificial intelligence, facial recognition and other emerging technologies. The group, which has seven members, will hold four meetings in 2019 and publish a report based on the discussions […]

For the fourth quarter of 2018, total revenue at Iconix Brand Group, was 42.7 million dollars, an 18 percent decline, while for the full year, total revenue was 187.7 million dollars, a 17 percent decline over the prior year. For fiscal 2019, the company projects revenue in the range of 145 million […]

Reliance Industries has acquired ITC’s brand John Players. This includes the brand and distribution rights through 750 stores, including 65 exclusive franchise outlets. The acquisition will help Reliance Industries bolster its own-brand apparel business, which will be an important element of its upcoming […]

Modest e-tailer The Modist has received strategic investments from Farfetch and Annabel Investment Holding, the private equity company of Nicola Bulgari, Vice-chairman of jeweler Bulgari Group. The announcement comes less than a year after The Modist secured 15 million US dollars (approximately 11 million […]

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