On a day when many airlines have banned flights to Italy, Marco Bizzarri, president and CEO of Gucci, has donated 100,000 euros in a personal capacity to the Reggio Emilia healthcare company, which operates local hospitals including the Santa Maria Nuova Hospital. “Our healthcare system, which in these […]

Turkish luxury streetwear label Les Benjamins has secured an undisclosed investment from Esas Holding, a private equity firm in Turkey, which has offices in Istanbul and London. The investment is led by entrepreneur Fethi Sabanci Kamişli, founder and managing partner of Esas Ventures, and is supported […]

As if the recent decision by the European Union to partially withdraw Cambodia's preferential access to the European market under the "Everything but Arms" (EBA) programme wasn’t bad enough, now the coronavirus outbreak is threatening the country’s apparel and textile industry further: With textile […]

A global area of concern, the coronavirus has quickly become the topic at the front of all minds. As a result of responses to the health crisis, the stock market experienced sharp declines, demonstrating the impact of the virus on consumer industries. While the impact on fields including travel, entertainment […]

Italian luxury house Marni closed 2019 with turnover of 170 million euros, buoyed by a strong demand for its accessories, which accounts for 58 percent of its total sales. Often regarded as the designer’s designer, Marni’s subtle and subversive creations have always charted their own course with its […]

Luxury online retailer group, Yoox Net-A-Porter has announced that it is strengthening its commitment to target gender equality in technology with the launch of a new internal sponsored programme for women. The goal of the new programme is to help create the next generation of female technology leaders, […]

Safilo has signed a new global ten-year licensing agreement with French fashion designer Isabel Marant, for the design, manufacture and distribution of Isabel Marant sunglasses and optical frames. Angelo Trocchia, chief executive of Safilo Group, said in a statement: “We are pleased to welcome to our […]

Amazon will begin selling its cashierless technology to retailers. This is the same technology that is used for Amazon Go stores, which allows shoppers to enter a store by scanning the Go app and exit without dealing with a checkout line. Cameras and sensors track what items customers choose and charge […]

On Monday the New York Stock Exchange halted trading after indexes reacted to Saudi Arabia's oil-price cut. This is also in reaction to the coronavirus crisis plaguing the globe, with 111,753 cases reported globally so far according to worldometers. In early trading the Dow Jones Industrial Index dropped […]

German exports are growing internationally, but the coronavirus is dampening the mood within the fashion industry. Sourcing bottlenecks in China are causing delivery delays and delivery dates are being postponed. Until summer, the whole supply chain will work relatively normal, but the autumn/winter […]

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