Pound plunge means even higher prices for UK consumers, says McKinsey By Reuters API British consumers are likely to face a further hike in prices of clothing and homewares following the pound’s plunge against the dollar, consultants McKinsey The majority…
Allbirds opens two new locations in Chicago, Nashville Sustainable footwear and apparel brand Allbirds Allbirds Green Hills Store Front. – Allbirds On Monday, it opened a new retail store and community center in Fulton Market marking the brand’s third store…
Fila soars in China By Ansa Translated by Nicola Mira Italian-born sportswear label Fila Fila – @antasport The rapid growth of the Chinese sportswear market and the strength of the local supply chain have enabled Fila to turn from loss-making…
Rocky Brands names new chief operating officer Rocky Brands, a designer, manufacturer and marketer of footwear and apparel, announced on Thursday the appointment of chief financial officer Tom Robertson to the newly-created position of chief operating officer. Rocky Brands names…
Sam Edelman launches latest campaign with Naomi Campbell Footwear brand Sam Edelman has launched a Fall/Winter 2022 campaign starring supermodel Naomi Campbell. Sam Edelman launches Fall/Winter 2022 campaign with Naomi Campbell. – Sam Edelman Creatively directed by advertising legend, David…
Ted Baker selects preferred bidder, Sycamore drops out The process to take over Ted Baker Ted Baker However, we do know the private equity group that kicked off the bidding with several unsolicited offers a few months ago, isn’t going…
Lalique buys a struggling Zurich-based silk manufacturer By AFP Translated by Cassidy STEPHENS The Swiss group LaliqueFabric with the aim of turning it around, Lalique announced on Wednesday on the sidelines of its half-yearly results. Photo from the silk manufacturer’s…
Victoria’s Secret pays $8.3 mn settlement to sacked Thai workers By AFP More than a thousand sacked Thai garment workers who made bras at a factory supplying lingerie giant Victoria’s Secret have received a landmark $8.3 million settlement, labour rights…
How the other half lives: luxury companies thrive By Reuters API While millions are fretting whether they can afford another $1,000 on energy this year, others are still splashing out on $10,000 Hermes A string of consumer companies, from spirits…
Flooding in Pakistan: what repercussions for the textile industry? Translated by Nicola Mira The terrible floods that have ravaged Pakistan for the last three months have, according to official figures, killed more than 1,130 people, destroyed nearly one million homes,…
