German designer Karl Lagerfeld has welcomed a new investor for his eponymous fashion house, namely G-III Apparel Group. The group, who acted as Lagerfeld’s joint-venture partner for his entry into the US, has acquired a 19 percent stake in Karl Lagerfeld Group through a capital increase, reported Women’s […]

New York - While Adidas has been busy making headlines with Kanye West and his Yeezy's, they have also been fighting a legal battle in court over issues of trademark involving the signature stripes on their shoes. However, the case has worked out in their favor. The Court Justice of the European Union […]

Philip Knight, the co-founder of US sportswear giant Nike, has donated 400 million US dollars to Stanford University to launch a new, graduate scholars program which aims to prepare the next generation of leaders with the skills needed to address the "complex challenges" currently faced. The donation […]

Beijing has surpassed New York City to become the "billionaire capital of the world" with 100 resident billionaires to the US business and cultural capital's 95, a survey showed. The number of Beijing billionaires rose by 32 from last year, while New York's tally rose by just four, according to the […]

The AAFA today announced Joseph Abboud, BBC International LLC; Shinola Detroit; Christian Siriano; and Iris Apfel as its 2016 American Image Awards honorees. Each enters an illustrious community of fashion icons recognized with the prestigious prize.The awards will be presented May 24 at the 38th Annual […]

London - Kit and Ace, the apparel brand launched by the wife and son of Lululemon Athletica founder Chip Wilson, has let go of 10 percent of head office staff. The start-up company stated it axed 35 roles at its headquarters in Vancouver, Canada last Thursday, as the company slows down its expansion […]

While retail sales in winter tend to be slow, the Valentine's Day period often proves to be a time of positive uptick for companies sales. Luxury lingerie brand Triumph happens to be one of those companies that sees a spike in sales during this holiday period. The brand, which dates their history back […]

Swedish fast fashion giant H&M reiterated on Friday that it will or has cut ties with suppliers who use cotton from Turkmenistan or Syria. This was in response to an inquiry by Swedish news agency TT claiming that H&M and Inditex, owner of rival Zara, were linked to the Turkmenian sub-contractor Turkmenbasji […]

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