The Clean Clothes Campaign (CCC) has called on H&M and its shareholders to create a living wage fund from the profits of the Swedish fast fashion company. The NGO is also looking to increase appeals to investors in its future campaigning approach. The CCC has submitted a proposal that H&M stockholders […]

Green Harbor, a private equity fund from China, has bought a majority stake in JWU, the parent company of Jason Wu’s eponymous label. The news was announced by Green Harbor on its WeChat account. The company did not disclose any details about the acquisition. The majority stake was purchased from the […]

Altair Eyewear, a division of Marchon Eyewear, has signed an exclusive global licensing agreement with Authentic Brands Group (ABG) to design, develop, manufacture and distribute eyewear for Spyder, ABG’s high-end ski brand. The deal includes ophthalmic eyewear, sunglasses and ski goggles. "Spyder is […]

Index Ventures, the venture capital firm backing Asos, Farfetch and Net-a-Porter, has invested 7 million euros (approximately 7.8 million US dollars or 6 million pounds) in Otrium, a Dutch marketplace where brands can sell their unsold stock with discounts of up to 75 percent. In addition, Index partner […]

VF Corporation is the latest fashion company to join the Fashion Industry Charter for Climate Action, a series of targets with the aim to reduce greenhouse gas emissions by 30 percent by 2030 and achieve zero emissions by 2050. Launched in December during a UN conference in Katowice, Poland, the Charter […]

VF Corporation’s board of directors have finally approved the previously announced separation of denim brands Wrangler and Lee from the company, forming a new business called Kontoor Brands. The separation will be achieved through the distribution of 100 percent of the shares of Kontoor Brands to holders […]

Canada Goose, the Canadian brand best known for its winter clothing, has opened its eighth manufacturing facility in Canada, a 115,000 square-foot factory in Montréal. 170 employees are already working there, but the new space will offer a total of 650 positions at full capacity by the end of 2020. […]

Neiman Marcus Group announced it is considering selling MyTheresa, the German luxury e-commerce it acquired in 2014. “We’ve commenced a process to explore and evaluate strategic alternatives with respect to MyTheresa”, said the company in a US Securities & Exchange filing on Monday. However, nothing […]

Chinese e-commerce giant Alibaba has settled a lawsuit over securities fraud with its shareholders. The company will pay 250 million dollars to end the lawsuit, which alleges that Alibaba failed to disclose to its shareholders threats from counterfeiting ahead of its 2014 initial public offering. Investors […]

PVH Corp, the company behind brands Tommy Hilfiger, Calvin Klein, Van Heusen and Speedo, among others, has entered into a licensing agreement with Nike for the design, sourcing, marketing and distribution of Nike-branded men’s underwear. “We are incredibly proud to be working with NIKE, as this is an […]

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