BACKGROUND Almost six weeks ago, the Clean Clothes Campaign (CCC) published its country report for Romania, which revealed that workers toil eight to ten hours a day plus forced, unpaid extra time, are subject to insults and harassment at the workplace and in the end, receive only 14 percent of a living […]

Li and Fung-owned company LF Logistics has received a cash injection of 300 million US dollars from Singapore-based investment company Temasek, after they agreed to acquire a 21.7 percent stake in the company. The investment values LF Logistics at approximately 1.4 billon US dollars on a post-money […]

New York – Canadian fashion startup Reheart is aiming at the untapped online wardrobe-sharing market with a platform that allows millennial women to lend their closets and rent clothes for up to 95 percent off their original price. Launched in late 2017, REHEART aims at “formalizing” the tradition of […]

WWD has reported that a judge is expected to rule on the deal to approve the sale of Roberto Cavalli to Damac. After the deal is approved a share purchase agreement would have to be signed. An announcement regarding the deal is expected in the coming days. Damac is a Dubai-based property developer. […]

Secondhand luxury retailer The Real Real saw their shares jump 50 percent in the first hours of trading after raising 300 million dollars in their initial public offering. The news was reported by CNBC. The shares jumped from an IPO of 20 dollars a piece to almost 30 dollars in trading on the NASDAQ […]

The Bustle Digital Group has added another title to its name. According to Variety, the media group has acquired Nylon, the 20-year-old magazine that focused on fashion, beauty, entertainment, and pop culture. This is the company’s seventh acquisition following titles such as Elite Daily, The Zoe Report, […]

Businesses will soon have more opportunities to make themselves visible on Instagram. The social media platform announced on Wednesday that it will start placing ads within the Explore page, the section where users can discover new content based on their preferences. Currently, ads are only placed in […]

StockX has secured 110 million US dollars in a series C funding round led by DST Global, General Atlantic, and GGV Capital, bringing the company’s value to 1 billion US dollars. Current investors GV and Battery Ventures also participated in the new funding round. The news comes just nine months after […]

German fashion brand Puma has announced plans to reduce its carbon emissions by 35 percent by 2030. The target, which has been approved by the Science Based Target initiative (SBTi), ensures the company meets the goals of the Paris Agreement, which aims to limit global warming to well-below 2 degrees […]

British heritage brand Hunter has confirmed that it will take control over its Scandinavia distribution in Sweden, Norway, Denmark, Finland and Iceland, effective from July 1. Hunter will operate as a directly owned business in the Scandinavian market, managing the brand’s distribution of ready-to-wear, […]




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