US retailer Forever 21 is mulling a bankruptcy. The news was first reported by Bloomberg on Wednesday, which said options for a turnaround are swiftly dwindling. Huge debts, underperforming stores and lacklustre collections have been ailing the troubled fashion chain. Forever 21 currently operates over […]

We all know the trademarks of the fast fashion industry, the negative impact it leaves on the environment, the throwaway culture it breeds to satisfy the need for the new, and the waste is causes when unsold clothes end up in landfill. But by-product aside, the fast fashion business model may in fact […]

CEO INTERVIEWYou’ve probably heard it a million times already: the future of fashion is personalized. As new technologies allow brands to customize products and services according to customer’s tastes, lifestyles and past purchasing behavior, consumers will grow to expect to get a personalized experience […]

Second quarter revenue at PVH Corp. increased 1 percent or 3 percent on constant currency basis to 2.4 billion dollars compared to the prior year period. PVH said, earnings per share on a GAAP basis were 2.58 dollars compared to 2.12 dollars in the prior year period, while earnings per share on a non-GAAP […]

Net revenues for the first half of 2019 at Brunello Cucinelli S.p.A totalled 291.4 million euros (322.9 million dollars), representing a rise of 8.1 percent at current exchange and 7.2 percent at constant exchange rates. The company said, total revenues, which include other operating income, rose by […]

Rihanna's lingerie line, Savage x Fenty, has received 50 million dollar in funding after an impressive year of sales, The Wall Street Journal reports. The addition 50 million dollars in capital comes after a 20 million dollar round of fundraising, bringing Savage x Fenty's total fundraising efforts […]

CNBC has reported that Cole Haan is preparing for an initial public offering. Currently, Cole Haan is owned by private equity firm Apex Partners, which bought Cole Haan from Nike in 2013. “Our management team is confident in the opportunities we have created for the Cole Haan brand and our business […]

Paris - The French government wants to prohibit the destruction of unsold non-food products in the next two to four years. Prime Minister, Edouard Philippe, made the announcement in June and also hailed it “a world first”. The measure is the logical continuation of a roadmap established last year; a […]

Just ahead of the G7 meeting in Biarritz, which is concluding today, François-Henri Pinault, chairman and CEO of luxury fashion group Kering, unveiled the Fashion Pact, a coalition of 32 fashion houses to protect the world’s climate, biodiversity and oceans, on Friday, to be presented to world leaders […]

A new sustainability initiative called the Fashion Pact has seen 32 of the world’s leading brands and textile companies sign up to work together to mitigate the impact of the fashion industry on the environment. The group will be fronted by Kering Chairman and Chief Executive Offer Francois-Henri Pinault […]

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