Ahman Inam, a former Nike executive who worked as a senior director in data analytics, has filed a lawsuit against the company alleging that it racially discriminated against him, The Portland Business Journal reports. He is seeking 516,000 US dollars in economic damages and 350,000 US dollars in non-economic […]

Rent the Runway has received 125 million US dollars in its largest funding round to date, led by Franklin Templeton Investments and Bain Capital Ventures, with the participation of funds and accounts advised by T. Rowe Price Associates and Hamilton Lane Advisors. The new capital injection increased […]

Interested in working in the denim industry? Kontoor Brands, the company resulting from the spinoff of denim brands Wrangler and Lee from CF Corporation, is recruiting for several roles in Europe. Most open vacancies are for support roles in the Human Resources, IT, legal and supply chain management […]

J.Crew Group, Inc. said that gross margin for the fourth quarter decreased to 22.4 percent from 36.7 percent in the fourth quarter last year. Operating loss, the company said, was 64.2 million dollars compared with an operating income of 4.9 million dollars in the fourth quarter last year and net loss […]

Global investment firm Eurazeo no longer holds any Moncler shares. The company has sold its remaining shares of Moncler S.p.A, which represented approximately 4.8 percent of the company’s share capital and voting rights, for a total of 445 million euros. Eurazeo acquired a 45 percent stake in Moncler […]

1.49 billion euros: that’s how much the European Commission has fined Google for breaching EU antitrust rules one more time. According to the Commission, Google forced its AdSense clients to sign contracts prohibiting them from accepting advertising from rival search engines. Commenting on the fine, […]

Grand Capital Ventures Inc. has completed the acquisition of Florida-based e-commerce company Yuka Clothing. From now on, Yuka will be a wholly-owned subsidiary of Grand Capital Ventures, the company informed in a statement. No further details about the acquisition were revealed. Yuka Clothing provides […]

Austrian fiber firm Lenzing and Belgian chemical group Solvay have partnered up to launch a new sustainable fabric combining Tencel’s lyocell fibers and Amni Soul Eco, a biodegradable polyamide. The two companies said in a joint statement that the new fabric is designed to “further optimize the benefits […]

A new wave of companies looking to make fashion more sustainable has joined Fashion for Good’s Plug and Play Accelerator program, which provides them with a twelve-week curriculum including mentorship and business development opportunities from Fashion for Good’s corporate partners C&A, Adidas, Bestseller, […]

Spanish fast fashion giant Inditex (Zara, Pull & Bear, Bershka, Stradivarius) has announced a multi-year agreement with the Massachusetts Institute of Technology (MIT) to conduct joint research on sustainability and recycling of textile materials, as well as new lines of research related to data analysis. […]




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