Nueva York - Prada announced Monday its intention to use only recycled nylon in its new bag collection. For this, the Italian luxury group has partnered with Aquafil, a company that produces Econyl, a nylon thread made from plastic waste recovered from the sea. As explained by both companies in a joint […]

The British Retail Consortium (BRC) has acquired OSS Retail, formerly known as the Oxford Summer School, from the British Independent Retailers Association. The move comes as part of BRC’s ‘Better Jobs’ campaign and its ongoing effort to reposition retail as a career of choice. By taking over OSS, BRC […]

Monsoon Accessorize is calling on landlords to cut rents on 135 of the company’s 258 leased stores as part of a Company Voluntary Arrangement (CVA) proposal. In a bid to win support for the restructuring, the company has offered landlords up to 10 million pounds if it turns back to profit in the future. […]

At the EURATEX General Assembly, international experts present the challenges and possible solutions to tackle the issue of attracting young and skilled workforce in the textile and clothing sector Over 120 participants attended the annual EURATEX General Assembly in Brussels on 13 June. The event was […]

River Island has appointed former boss of The White Company and Wiggle, Will Kernan, as its new CEO, effective 30 September. Kernan will be taking over from current CEO Ben Lewis, the nephew of founder Bernard Lewis, who has led the company for the past nine years. Lewis will stay on as non-executive […]

Vera Bradley Inc. is purchasing 75 percent ownership in Creative Genius, Inc., which also operates under the name Pura Vida Bracelets, for a cash consideration of 75 million dollars, and up to 22.5 million dollars in incremental earnout consideration. The company said, Vera Bradley can acquire the remaining […]

For the 13 weeks to June 1, 2019, N Brown Group Plc said digital revenues rose 3 percent, while product revenue declined 5.4 percent. The company’s total revenue were down 3.8 percent. The company said, 83 percent of total revenue is now digital, an increase of 9 ppts and 84 percent of digital traffic […]

Confirming 16.5 million dollars investment from Shandong Ruyi to acquire 53.7 percent stake, tailoring specialist Bagir has said that the company has agreed to a further extension of completion date to March 31, 2020. Commenting on the current trading, Bagir said, while trading conditions have remained […]

Oxford Industries, Inc. has declared a cash dividend of 37 cents per share on common stock. The company said in a statement that this dividend is payable on August 2, 2019 to shareholders of record as of the close of business on July 19, 2019. The Company has paid dividends every quarter since it became […]

For the first quarter, total sales at OVS SpA, dropped by 0.9 percent to 317.5 million euros (357.5 million dollars). The company said, the sales performance was despite the fact that the reference market contracted by 4.3 percent in the period from February to April, and by 9.4 percent in April alone, […]