Chinese e-commerce giant Alibaba said second quarter revenue growth slowed to 40 percent on-year Friday, although net profits more than tripled thanks in part to a one-time payment from a fintech affiliate. Total revenue was 119 billion yuan (dollars 16.9 billion), with growth down from 42 percent in […]

German-based womenswear brand Escada has been sold to global private equity firm Regent. The Mittal Family, which bought the Munich-based luxury label in 2009, confirmed that it has sold the business to Regent for an undisclosed sum. Megha Mittal, chairman of Escada said in a statement: “It has been […]

Since the European Commission announced on 11th February of this year that Cambodia could possibly lose its trade status "Everything but Arms" (EBA), some 800,000 seamstresses in Cambodia have been living in fear of losing their livelihood. In a short documentary film, non-profit think-tank Mekong Future […]

Miuccia Prada, the co-CEO and creative director of Prada, will be selling her Milan stores to the parent company of the brand, Prada SpA, for 66 million euros. The holding company in question is actually controlled by Prada Bianchi herself. The stores being sold include Prada's first ever store, which […]

Online fashion giant Zalando has committed to a net-zero carbon footprint across its own operations, deliveries and returns. The German retailer announced a number of initiatives on Tuesday as part of a new “do.More” sustainability strategy, including meeting the goals of the Paris climate agreement […]

Four Paws, the global animal protection organisation, has just launched a detailed guidebook to assist brands in understanding how they can transition their wool supply chain away from mulesed sheep wool and provides an overview of the available wool assurance initiatives. Titled ‘Transitioning away […]

Luxury accessories designer Paula Cademartori has bought her brand back from holding company OTB. OTB was founded by Renzo Russo, and is also the holding company for Diesel, Maison Margiela, and Viktor & Rolf. The company first invested in the Paula Cadermatori label in 2016. “I would like to thank […]

Swiss luxury group Richemont and designer Alber Elbaz have announced a joint venture called AZfashion. Details of the new partnership have not been disclosed, but Richemont in a statement said AZfashion will be an innovative and dynamic start up, meant to turn dreams into reality.” The Swiss luxury […]

What goes up must come down. Or at least fly level. Growth rates have ceilings and plateaus, of which luxury brands are as privy to as any other business sector. So too at Gucci, which has seen its year-on-year sales level out from a stellar growth of 42.8 percent in 2017 to 34.9 percent last year and […]

After much speculation, Authentic Brands Group (ABG) announced on Thursday evening that it will acquire Barney’s New York. The global brand development company first placed a bid for the fashion company last week. ABG will acquire the Barneys New York label as well as its associated intellectual property, […]

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