Lululemon has announced that it plans to shutter its Ivivva business completely. The company had launched Ivivva as a athleticwear brand for kids in 2009, yet decided to scale it back drastically starting in 2017. Now, Lululemon plans to wind down all Ivivva operation in favor of promoting growth elsewhere. […]

Commerce is changing quickly. The way companies do business, the tools and strategies they use, the technologies they implement and the way they present themselves and interact with the customer is evolving - brands that can’t keep up with these changes risk being left behind. On Thursday, in the North […]

Is sustainability and a circular economy the future of the fashion industry? As the ‘Big Four Fashion Weeks’ from New York to Paris wrap up, the hottest topics on the runways this season has become eco-fashion, climate concerns and animal rights. In the midst of the Global Climate Strike and the Climate […]

Richemont has announced the acquisition of Buccellati Holding Italia S.p.A., the owner of Buccellati, the Italian jewellery Maison, in a private transaction with Gangtai Group Corporation Limited. Commenting on the acquisition, Johann Rupert, Chairman of Richemont, said in a statement: “Distinguished […]

French luxury conglomerate LVMH is ahead of its sustainability roadmap and announced new commitments for the environment and biodiversity on Wednesday, when LVMH CEO Bernard Arnault welcomed executives from LVMH and its Maisons to an event at the Group’s headquarters in Paris centered on the LVMH Initiatives […]

INTERVIEW São Paulo - During the Trama Affetiva event (about circular economy, upcycling and diversity) that took place last month in São Paulo, there was also a Fashion and Activism debate which was attended by Pri Bertucci. Bertucci is CEO of [SSEX BBOX], which seeks to visualize the issues of gender […]

American footwear retailer Foot Locker Inc has announced a strategic investment of 3 million US dollars in the ecommerce and content platform NTWRK, as part of a series A funding round raising a total of 10 million US dollars. Founded a year ago and headquartered in Los Angeles, NTWRK combines content […]

Providing an update to the company’s strategic growth plan and key initiatives to deliver long-term sustainable growth and value creation, VF Corporation said in a statement that the company’s revenue through fiscal 2024 is expected to grow at a five-year compounded annual growth rate (CAGR) between […]

Boohoo Group revenue for the half year increased by 43 percent on both constant and current exchange basis to 564.9 million pounds (704 million dollars). The company’s adjusted EBITDA was 60.7 million pounds (75.6 million dollars), an increase of 53 percent on the first half of the previous year, while […]

For its first quarter to August 31, 2019, Nike, Inc. said, revenue increased to 10.7 billion dollars, up 7 percent on a reported basis and 10 percent on a currency-neutral basis, driven by growth across all geographies. The company added that diluted earnings per share for the quarter were 86 cents, […]

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