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India’s export orders 20% lower due to recession, brands’ sales down

India’s export orders 20% lower due to recession, brands’ sales down

Global recession is knocking at the doors of Indian textile industry. The impact of recession is clearly visible on new orders received by Indian exporters.
Fashion
Avery Dennison’s Q2 net sales up 11.7%

Avery Dennison’s Q2 net sales up 11.7%

Avery Dennison Corporation, the US-based labelling and functional materials specialist, has reported that its net sales increased by 11.7 per cent to reach $2.3 billion in the second quarter.
Fashion
Pittards acquires luxury bag label Hill & Friends, Emma Hill to be consultant

Pittards acquires luxury bag label Hill & Friends, Emma Hill to be consultant

​Leather materials and leathergoods specialist Pittards has acquired the brand and assets of Hill & Friends Limited, the contemporary luxury bag brand founded by Emma Hill and Georgia Fendley.
Fashion
JD Sports confirms Al-Futtaim's Schultz as CEO

JD Sports confirms Al-Futtaim's Schultz as CEO

​JD Sports Fashion on Tuesday confirmed that Régis Schultz has been appointed as its new CEO “following an extensive executive global search process” and after speculation last week that he would be named to the post.
Fashion
SMCP hits first-half sales record as Europe and America prove buoyant

SMCP hits first-half sales record as Europe and America prove buoyant

​SMCP unveiled an all-time H1 sales record with its results on the first day of August, driven by “strong momentum in Europe and Americas”, something other premium and luxury firms have also talked of.
Fashion
Estée Lauder is in talks to acquire Tom Ford brand - report

Estée Lauder is in talks to acquire Tom Ford brand - report

​Cosmetics giant Estée Lauder Cos Inc is reportedly in talks to acquire ultra-luxury brand Tom Ford. If it does, it could be a $3 billion deal, the Wall Street Journal said at the start of August, citing sources.
Fashion
Seraphine faces tough year as costs surge

Seraphine faces tough year as costs surge

​Maternity and nursing wear brand Seraphine's results on Monday came “against the backdrop of an extremely challenging year for the retail sector” and contained a mix of good news and bad.
Fashion
JD Sports ends long-running Footasylum saga, sells to Germany's Aurelius

JD Sports ends long-running Footasylum saga, sells to Germany's Aurelius

​JD Sports Fashion confirmed on Monday that it has exchanged contracts to sell Footasylum Limited and its associated subsidiaries to private equity firm Aurelius Group for £37.5 million.
Fashion
Ultra-fast fashion charms young despite damaging environment

Ultra-fast fashion charms young despite damaging environment

So-called "ultra-fast fashion" has won legions of young trend-setting fans who snap up relatively cheap clothes online amid surging inflation, but the booming genre masks darker environmental problems.
Fashion
Showroomprivé sales drop significantly in the first half of the year, but posts slight profit

Showroomprivé sales drop significantly in the first half of the year, but posts slight profit

Sales of the e-commerce clearance site Showroomprivé fell by more than 21% in the first half of 2022 to €305.4 million.
Fashion
How the other half lives: luxury companies thrive

How the other half lives: luxury companies thrive

While millions are fretting whether they can afford another $1,000 on energy this year, others are still splashing out on $10,000 Hermes handbags as soaring prices leave wealthier people relatively unscathed.
Fashion
Amazon has a Prime edge over Walmart: richer customers

Amazon has a Prime edge over Walmart: richer customers

Amazon Inc's strong quarterly performance on Thursday offered another sign of a split in shopping patterns between more- and less-affluent Americans dealing with the highest inflation in four decades.
Fashion
Primark freezes prices of kidswear essentials

Primark freezes prices of kidswear essentials

​Kidswear pricing is a key selling point for big-name retailers at the moment. And Primark has said it will freeze prices of hundreds of kidswear essentials this season.
Fashion
CMA investigates ASOS, Boohoo, Asda over green fashion claims

CMA investigates ASOS, Boohoo, Asda over green fashion claims

The UK's Competition and Markets Authority (CMA) is targeting fashion labels that might be indulging in 'greenwashing' and the first ones to be targeted are ASOS, Boohoo and George at Asda.
Fashion
Missguided suppliers over to get back very little of £30m owed

Missguided suppliers over to get back very little of £30m owed

​Companies that supplied goods to Missguided before its administration filing and purchase by Frasers Group will get back less than 2% of the £30 million owed to them.
Fashion
EssilorLuxottica Q2 revenue grows despite headwinds

EssilorLuxottica Q2 revenue grows despite headwinds

Luxury eyewear maker EssilorLuxottica reported on Friday a jump in second-quarter revenues, citing sound growth in all regions, despite a challenging environment.
Fashion