Due to strong demand, the Austrian Lenzing Group is planning to “significantly expand” the production capacities for its new Tencel Luxe filament yarn, which was launched just in October 2017. The cellulose fibre producer will invest up to 30 million euros in a further pilot line at the Lenzing site […]

London - Better Buying, an initiative that supports the industry-wide transformation of buyer purchasing practices, has launched its first benchmark report designed to support efforts to improve purchasing practices throughout the global supply chain. Known as the Better Buying Practices Index (BBPPI), […]

Maisonette, the online baby and children's fashion and lifestyle destination, has announced the completion of an “oversubscribed” 15 million dollar Series A round of financing, which it states will assist them in scaling its e-commerce and mobile technology platform. The funding round was led by previous […]

PayPal has announced that it is to buy iZettle, the small business commerce platform in Europe and Latin America, for 2.2 billion US dollars, as it looks to expand its in-store presence and strength its ominichannel platform to help small businesses around the world. The deal will see PayPal gaining […]

The royal wedding might have generated over 120 million pounds in sales for the retail sector in the UK, with Windsor alone– where Prince Harry and Megan Markle tied the knot – alone generating an expected 1.5 million pounds in extra sales. According to the Centre for Retail, Prince Harry and Meghan […]

Paris’ court of appeal has given Christian Louboutin's exclusive rights over his iconic red soles, after a legal battle between the shoe designer and leather goods company Kesslord, which offered similar models in France. Christian Louboutin’s shoes are famous for the soles in bright red -- more specifically, […]

Yoox Net-a-Porter (YNAP) will be delisting from the Milan Stock Exchange on June 20 after Richemont reaches 94.999 percent of the company's ordinary shares. Richemont, which owned 25 percent of YNAP to begin with, launched a takeover in January so they could better position themselves to compete in […]

Global electronics company Ricoh has announced a long-term partnership with Swedish startup Coloreel to develop a thread colouring unit for industrial embroidery, in which a white base thread can be instantly coloured. This technology allows for smooth color transitions, gradients and effects, as well […]

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