Spanish fast fashion giant Inditex (Zara, Pull & Bear, Bershka, Stradivarius) has announced a multi-year agreement with the Massachusetts Institute of Technology (MIT) to conduct joint research on sustainability and recycling of textile materials, as well as new lines of research related to data analysis. […]

Istanbul - Denim manufacturer ISKO, part of Turkish holding SANKO Group, has opened a new distribution center near Istanbul, looking to accelerate delivery to its clients across 30 countries. The space, which is 40 meters high, 80 meters long and 45 meters wide, can store up to 128,000 rolls of fabric, […]

Turkey's leading jeans and apparel brand Mavi has reported a 32 percent increase in revenues for its full year financial results for the year ending January 31, 2019. The company said, consolidated revenues increased by 32 percent to 2.353 billion Turkish Lira and net profit increased by 12 percent […]

Together with various partners, the United Nations launched on Thursday the UN Alliance for Sustainable Fashion at the UN Environment Assembly in Nairobi, Kenya. The Alliance seeks to halt the environmentally and socially destructive practices of fashion, pointing to the fact that the fashion industry […]

Italian leather goods label Furla is booming. The company closed FY 2018 with a turnover of 513 million euros (approximately 579 million US dollars or 440 million pounds) and is seeking to diversify its portfolio by launching a sneaker collection. Founded in Bologna in 1927 by the Furlanetto family, […]

Brunello Cucinelli S.p.A net revenues for 2018 rose by 8.1 percent at current exchange and 10.7 percent at constant exchange rates to reach 553 million euros (626 million dollars); while revenue from sales and services, including other operating income, amounted to 554.4 million euros (627.5 million […]

In the first quarter to February 28, 2019, Hennes & Mauritz AB (H&M) said that group’s net sales increased by 10 percent and amounted to 51,015 million Swedish krona (5,492.5 million dollars), while in local currencies, net sales increased by 4 percent. The company will publish the detailed report on […]

Ascena Retail Group, Inc. for its second quarter reported a net loss of 72 million dollars or 36 cents per diluted share compared to 39 million dollars or 20 cents per diluted share, in the year-ago period, as the company said, an increase in comparable sales was more than offset by the impact of a […]

The Lenzing Group revenue declined by 3.7 percent in 2018 compared with the previous year to 2.18 billion euros (2.47 billion dollars). The company said, predicted challenging market environment for standard viscose, plus less favourable exchange rates and a slight decline in sales volume were the key […]

For its second quarter, Neiman Marcus Group Ltd LLC, reported total revenues of 1.39 billion dollars, representing an increase in comparable sales of 0.7 percent from the same quarter a year ago. During the quarter, the company reported a net loss of 29 million dollars compared with net earnings of […]

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