London - H&M Group, parent company of leading Swedish fashion retailer H&M, has taken a minority stake in Swedish company re:newcell to help speed up its transition to a circular business model. Re:newcell uses a new technique to recycle used cotton, viscose, and other cellulosic fibers into a new, […]

Alibaba executive vice chairman Joseph Tsai said Tuesday he expects to boost US jobs by expanding the Chinese firm's e-commerce platform -- not by hiring American workers. Tsai, speaking at a California tech conference, made the comments to follow up on a headline-grabbing pledge earlier this year by […]

Lighthouse, a middle market private equity firm focused on growth investments in India's consumer sector, has invested 760 million Indian Rupee in V2 Retail, one of India's fastest growing, pure play apparel value retailers. V2 Retail provides a one-stop apparel solution for the whole family and the […]

One of the biggest headline makers throughout the fashion industry over the past several weeks has been the state of Marchesa after co-founder Georgina Chapman's husband Harvey Weinstein has been unveiled as a serial sexual assaulter. The question of whether the Weinstein scandal will affect the Marchesa […]

Earlier this month, FashionUnited reported that Nordstrom's plans for privatization had stalled due to issues with financing. According to Business of Fashion Nordstrom is temporarily halting its search for a buyout partner. Nordstrom's shares were down 5 percent as of this morning. In a regulatory […]

Global provider of comfort solutions from textiles and yarns PrimaLoft just announced a new management change. The company just added a new group of investors led by private equity firm Victor Capital and Allstate Corporation. These new additions will help Primaloft's management and investments in its […]

QVC Group just announced a new organizational structure and senior executive team to further global growth. The new plan will be effective once Liberty Interactive Corporation completes its acquisitions of HSN, Inc. which will be later on in the year. "Our new group will bring together QVC, HSN, zulily […]

Shanghai - The net worth of China's ultra-rich surged this year with Evergrande real estate mogul Xu Jiayin's 43 billion USD fortune catapulting him to the top, a survey released Thursday said. An all-time high 2,130 people made the annual ranking of China's richest individuals compiled by Shanghai-based […]




Latest jobs