After 23 years at Adidas, Karen Parkin, executive board member responsible for global human resources has left the company effective June 30, 2020. The company said in a statement that Adidas CEO Kasper Rorsted will assume responsibility for global human resources on an interim basis until a successor […]

German sportswear makers Adidas and Puma said Tuesday they would join a growing advertiser boycott over hate speech against Facebook and Instagram in July, following major consumer companies like Levi's and Coca-Cola. "Puma will join the #StopHateForProfit campaign... throughout July," a spokeswoman […]

Home fitness has become increasingly important to consumers in the U.S. after three months of stay-at-home mandates and closures of fitness studios. And Lululemon has decided to grow its business to cater to this trend. The athleticwear brand has acquired Mirror, an innovator in the home fitness sphere, […]

Last week, Gap announced that it was signing a ten-year deal with Kanye West. While fans of Yeezy and Kanye West were ecstatic to hear about the partnership, many wondered what happened with the Gap and Telfar collaboration project that was announced earlier this year. Business of Fashion had reported […]

Kim Kardashian West has inked a deal to sell 20 percent of her make-up brand KKW Beauty to American cosmetics giant Coty for 200 million dollars, the pair announced on Monday. The agreement values the three-year-old company at 1 billion dollars. It will see Coty take "overall responsibility" for the […]

Euratex, the European Apparel and Textile Confederation, has come up with a strategy for the future that is supposed to turn the current coronavirus crisis into an opportunity. Part of the strategy, which was endorsed by the last general assembly, is for the industry to become “more digital, sustainable […]

CRS INTERVIEW German textiles discounter KiK operates almost 3,700 stores in Europe and generates two billion euros in sales annually. Among the 20,000 articles in its range are the often-criticised 1-euro-t-shirts. Most of the production takes place in Bangladesh. Are a discount model, sustainability […]

Activewear brand Outdoor Voices announced on Sunday that it has received a round of funding from NaHCO3, the investment management platform of fashion and retail entrepreneur Ashley Merrill. Merrill will additionally be joining the company’s board of directors as chairwoman. Merrill, in addition to […]

Earlier today, FashionUnited reported that Nike suffered a 790 million dollar loss for Q4. Now, in order to help their balance sheet, Nike is planning job cuts as they are planning to shift their model to be more direct-to-consumer through their online and retail channels. The 790 million dollar loss […]

Paris prosecutors sought prison terms Friday for the leaders of a ring accused of making and selling fake handbags from iconic French luxury house Hermes, including some former employees. The network, which targeted Asian tourists in Paris but also clients in Hong Kong in 2013 and 2014, was uncovered […]

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