Prada is seeing a rebound in sales as it saw an increase of more than 10 percent in China this month. But while the Chinese market is rebounding, sales in Europe are lagging, specifically in the luxury sector which depends on visitors. In a television interview with Bloomberg, Prada’s chief executive […]

While traditional brands and retailers are struggling to manage inventory, overstock and decreasing consumer spending, there are those that are thriving in the current corona crisis: sustainable designs and resale fashion for example. Brand collaborations are also still going strong. If you have missed […]

Online fashion retailer Zalando, the Sustainable Apparel Coalition (SAC) and technology company Higg Co have announced their new collaboration, a new global sustainability standard for fashion brands and retailers, meant to accelerate sustainability industry wide. With SAC’s updated version of the Higg […]

The sale of Moss Bros will go ahead following a back and forth in recent months between the brand and its suitor, Crew Clothing-owner Brigadier Acquisition Company Limited. So what exactly happened? The 22.6 million pound deal for Brigadier to take the 169-year-old brand private was originally announced […]

The latest brand to enter the running list of coronavirus bankruptcies is Diane von Furstenberg, the posh founder of the infamous wrap dress. DVF Studio, the brand’s UK business, has gone into administration and its Mayfair flagship store on Bruton street, which closed during the pandemic, will be permanently […]

Macy's is expecting a loss of up to 1.11 billion dollars for Q1 as their stores were on lockdown since March. Some stores have begun reopening as lockdown restrictions have been lifted in some states, and they are anticipating that sales recovery will be gradual, but full recovery will be a long time […]

In an ultimate attempt to unite the fashion industry and connect even more professionals, FashionUnited launched a B2B Marketplace providing apparel buyers with unique trend insights and brand collection overviews. The world is changing and moving faster than ever towards the digitization of the industry. […]

While the rest of the world is on pause, Gareth Pugh is plotting a comeback. The namesake founder is assuming complete control of his trademark and has bought back 49 percent of his trademark from Rick Owens. Back in 2006 Pugh sold his trademark to Rick Owens and his Italian production partner Olmar […]

Last week, several statements concerning changes in the global fashion system appeared on the Internet and in the media. The Business of Fashion published the petition #rewiringfashion online, under which, at the time of publication, there were almost 1500 signatures from around the world. Alexander […]

Struggling retailer J.C. Penney has confirmed it will close over 240 stores following its recent filing for bankruptcy protection. The Wyoming-founded company currently operates 853 stores, of which the remaining 604 outlets that will stay open accounted for 80 percent of sales in its 2019 financial […]

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