Articles by Caitlyn Terra
In Pictures: A look inside the first Guess Jeans store worldwide
loading... - Retail | In pictures
Guess Jeans is taking the first step towards its own retail network. Guess' sister brand has chosen Amsterdam as the location for its first own monobrand store. Each Guess Jeans shop will be "remarkably different" from those of big sister Guess, as per the press release. The opening in Amsterdam marks the beginning of a series of brand store...
Textile-to-textile recycling company Syre receives investment of 100 million dollars
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Fresh-faced recycling company Syre has raised an additional 100 million dollars in a new funding round, according to a press release. The capital raised will be used to set up the first recycling and manufacturing facility in the US, which should be operationally active as early as the end of 2024. In addition to this, the money will be used to...
AZ Academy: AZ Factory to become training centre for fashion school alumni
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Fashion brand AZ Factory, founded by the late designer Alber Elbaz, is ceasing all commercial activities as a fashion brand and will instead continue as an academy for fashion alumni, in collaboration with Italian fashion school Accademia Costume & Moda (ACM). The brand reported the news exclusively to US industry news platform WWD on Wednesday....
Tranoï Homme fashion fair cancels June edition
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Men's fashion fair Tranoï Homme has cancelled its edition for next June. In an e-mail seen by WWD, the organisers behind the fair said they wanted to focus on a new concept to be presented during Tokyo Fashion Week next September. Tranoï Homme was to take place from 18 to 25 June, simultaneously with Paris Fashion Week. In the e-mail, managing...
Under Armour announces restructuring and layoffs
loading... - Management
Sportswear company Under Armour, Inc. has announced a restructuring strategy alongside the release of its annual results, for which net income almost halved and sales fell by several percent. The company's revenue came to 5.7 billion dollars, at a 3 percent year-on-year decline. The decline was largely due to worse results from the company's...
17 European consumer organisations file complaint against Temu
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Chinese e-tailer Temu is under a magnifying glass. 17 European consumer organisations have filed complaints against the fast fashion and lifestyle retailer with their national regulators, according to a report by the Dutch Consumers' Association and the Belgian Testaankoop. The organisations claimed that Temu withholds crucial information and...
Renewcell sells Kristinehamm plant to Biosorbe
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As part of its ongoing bankruptcy proceedings, Renewcell has now announced the sale of its Kristinehamm plant to biomaterial company, Biosorbe. The news follows reports from earlier this year that bankrupt Renewcell had multiple bids for its assets, yet the who and what of these bids remained unclear at the time. It now appears, however, that at...
Shein responds to Public Eye's report of alleged abuses: 'Does not recognise many accusations'
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Fast fashion e-tailer Shein has responded to watchdog Public Eye’s report on ongoing alleged abuses of working conditions with a 30-paragraph statement on its website. The Switzerland-based organisation shared its findings after a survey and interviews with factory workers from Guangzhou, China, where concern surrounding poor working conditions...
Dutch denim talent programme funded by PVH Foundation opts for guild structure
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The world is bursting with talent if you know where to look. These talents need to be nurtured and given space to develop, space that is not always available in the traditional educational system. Denim talents now have a place to go: The House of Denim Talent Incubator Programme. The programme is supported by the PVH Foundation, the foundation...
Frasers Group buys back part of Matches' intellectual property
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Frasers Group has acquired part of the intellectual property of Matches Fashion Limited, according to a statement from the Sports Direct owner. The deal is notable because earlier this year Frasers placed Matches in receivership and closed the doors of the e-tailer. The press release stressed that only part of the intellectual property has been...