Three years after the collapse of the Rana Plaza building in Dhaka that served as a wake-up call to the international garment industry, the Accord on Fire and Building Safety in Bangladesh has posted its latest update about progress in terms of factory inspections. According to the April 2016 factsheet, […]

London - Over the years lingerie giant Victoria’s Secret has become one of the largest lingerie retailers in the world - but in order to keep growing the company is said to be shedding its swim wear range. Earlier this year the company revealed plans to cut “certain merchandise categories” as it announced […]

Fidelity Management and Research Company, one of the world’s largest mutual fund companies, has invested 55 million dollars in talent, sports and fashion agency WME-IMG, which runs fashion week’s across the world including in New York, Berlin, Australia and Istanbul. Fidelity now joins SoftBank and […]

London - German accessories brand, MCM, known for its signature logo-printed, studded backpacks, is aiming to more than double sales to 2 billion dollars within five years, as it looks to expand in markets such as Europe and Japan. Founded in Munich in 1976 by designer Michael Cromer, the accessories […]

Touted to be a business worth 40 billion dollars (around Rs 2.5 lakh crores) growing at an explosive rate of 25-30 percent every year, weddings in India have undergone a huge change in terms of planning, rituals as well as fashion and budgets. While they have moved away from being just intimate family […]

Luxury consignment website The Real Real has reportedly raised 40 million dollars in Series E funding. The round led by Greenspring Associates also included other new investors like Broadway Angels, Next Equity, and Springboard Fund. The company's total funding now clocks in at 123 million dollars. […]

REPORT London - Chinese global shoppers are to remain a lucrative market for international retailers, despite the recent turbulence witnessed, reports tax free shopping provider Global Blue. March 2016 saw Chinese tax free shopping spend drop 24 percent year-on-year, after a period of slow growth in […]

Global exports of Swiss watches plummeted in March, amid a dramatic contraction of sales in main markets Hong Kong and the United States. Exports fell 16.1 percent from March 2015 to 1.5 billion Swiss francs (1.5 billion US dollars, 1.4 billion euros), the Federation of the Swiss Watch Industry (FHS) […]

Oxford Industries has bought US lifestyle apparel company Southern Tide from private equity firm Brazos for a price reported to be 85 million dollars. Southern Tide CEO Christopher H Heyn and COO/CFO Rob Iorio will stay with the company under its new owners. Atlanta-based Oxford, owner of Tommy Bahama […]

Mumbai - Since Monday, about 15,000 garment workers - many of them women - from five garment units have been protesting on the outskirts of Bengaluru (formerly known as Bangalore), the capital of India's southern state of Karnataka. The workers staged the massive, at times violent demonstration to protest […]

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