New York – Olivela, a luxury apparel e-commerce platform based in the U.S. has recently completed a fundraising round. Led by Morgan Stanley, it secured 35 million dollars in Series A funding. The retailer plans to use the new funds to expand its business “both digitally and physically,” says CEO and […]

Austrian fibre producer Lenzing Group announced plans today to enter the footwear segment in India, introducing Tencel for Footwear, its unique and globally acclaimed concept of the botanic shoe, in the country for sustainable options in footwear. The launch comes at a time when the Indian government […]

After a bumpy few years, luxury brands are re-committing to China's market as a weaker yuan and the US trade war funnel more Chinese high-end spending, Tiffany & Co CEO Alessandro Bogliolo said in an interview. China's luxury market has been on a roller-coaster since President Xi Jinping launched an […]

In depth London - As competition intensifies in global apparel and footwear, market leaders are moving away from traditional business models and mature developed markets; seeking new kinds of growth from new sources. Ethical fashion is thus to grow into one of several mainstream tools that rivals use […]

Rocket Internet SE in the first half of 2019 reported 32 million euros (35.3 million dollars) of consolidated revenue and a consolidated profit of 548 million euros (605 million dollars), representing 3.65 euros earnings per share compared to 1.84 per share in the first half of 2018. The company said, […]

Impacted by the group’s decision to close unprofitable stores and resize the retail store footprint which led to a year-on-year reduction in total controlled space of 14.3 percent and exceptional items totalling 1,493 million Hong Kong dollars (190.7 million dollars), Esprit Holdings Limited reported […]

Destination Maternity Corporation for its second quarter reported net sales decrease of 11.9 percent to 84.9 million dollars, negatively impacted by the net closure of 6 owned locations and 55 leased locations as well as a 10.5 percent decrease in comparable sales, which included an 11.9 percent decrease […]

REPORT While the garment industry worldwide is by now well aware of what transpired on 24th April 2013 when the Rana Plaza building in Bangladesh collapsed, killing 1,134 workers in the five garment factories it housed and injuring 2,500, few are aware of Pakistan’s worst industrial disaster that occurred […]

Waste2Wear, the Dutch company that makes fabrics out of recycled plastic bottles, has presented the world’s first collection of recycled ocean plastic fabrics that is fully traceable using blockchain technology at the international textile fair Première Vision, taking place from 17th to 19th September […]

Zivame recently held the ‘Grand Lingerie Festival’ through which it expects to boost sales. The brand offers innovations and collections across lingerie, shapewear, sleepwear, and activewear. It offers women innovations like the wonder wire bra, the shaper bra, the super soft Marshmallow collection […]

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