There’s something about Netshoes, the Brazilian sportswear e-tailer. Two companies are battling to acquire the ailing nineteen-year-old business, which used to be Latin America’s largest in its segment but failed to turn a profit and has seen its shares drop by 85 percent since its IPO at the New York […]

These are hard times for brick and mortar retail. While consumers still like to shop in brick and mortar stores, many retailers have been struggling to stay afloat due to dropping footfall in shopping malls and competition with online retailers. Here’s a recap of the fashion businesses which announced […]

Swiss mountaineering specialist Mammut is the industry’s first to offer companies products with NFC technology, which promise consumers new services via an app. Mammut Connect works with an integrated NFC chip Already at the OutDoor trade fair last summer, there was talk about it, with the chip being […]

INTERVIEWPart vetted manufacturer network, part production management tool, Supplycompass wants to make it easier for small and medium-sized fashion, accessories and interior brands to source responsibly-produced products overseas. The company connects around 40 of these brands to a select group of […]

More than 170 shoe retailers, including Nike, Under Armour, Adidas, Foot Locker, and Ugg, have published a letter urging president Donald Trump to reconsider raising tariffs on footwear imported from China. “As an industry that faces a $3 billion duty bill every year, we can assure you that any increase […]

Trade union leaders are not pleased with the announcement that the Bangladesh Accord on Fire and Building Safety is supposed to leave the country in less than a year. The Bangladesh Accord shall be replaced in 281 days by another entity called RMC Sustainability Council (RSC), to be governed by a board […]

LVMH Moët Hennessy Louis Vuitton is working to solve the global problem of counterfeited luxury goods. The luxury group has launched AURA, the first international blockchain made to help consumers trace the and authenticity of luxury goods. The AURA platform was developed through Microsoft and blockchain […]

Nepal's central bank has banned popular Chinese digital wallets Alipay and WeChat, an official said Tuesday, fearing loss of foreign currency earnings from thousands of Chinese tourists that visit the country. Nepal Rastra Bank issued a notice on Monday, banning the use of the Chinese digital payment […]

Swiss group Maus Frères, which owns brands including Lacoste, Aigle and Gant, has been approved by the Autorité de la concurrence, to buyout French ready-to-wear label The Kooples, which is currently owned by its founding owners. According to a press release from the Autorité de la concurrence, the […]

Ascena Retail Group, the company behind brands such as LOFT, Lou & Grey, Lane Bryant, and more, has announced in a press release that it will be begin “wind down of Dressbarn’s operations.” This decision will not effect Ascena Retail Group’s other brands. With this shift in operations, Ascena plans […]

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