Gildan Activewear Inc. announced earnings for fourth quarter that decreased from the same period last year. The company's earnings came in at 32.51 million US-dollar or 0.16 US-dollar per share. This compares with 59.55 million US-dollar or 0.29 US-dollar per share, in last year's fourth quarter. Excluding […]

Bluebell Group, which has been successfully breaking luxury brands into the Asian market since 1954, has expanded its partnership with Italian brand Brunello Cucinelli to manage its operations in Taiwan. The move follows the successful joint venture in Singapore and will allow Brunello Cucinelli to […]

Authentic Brands Group, Simon Property Group and Brookfield Property Group have confirmed acquisition of Forever 21. ABG and Simon will each own 37.5 percent of the retailer's intellectual property and operating businesses. , while Brookfield will own 25 percent. “Forever 21 is a powerful retail brand […]

S&P Global Ratings has downgraded Macy's to junk status saying the department store is falling on the wrong side of the change in consumer preferences. The news was reported by Bloomberg. S&P lowered Macy's credit rating from BB+ to BBB- due to Macy's excess stores. Macy's shares were down yesterday […]

Leading global fashion-tech company Alvanon, has announced that its AlvaForm fit mannequins will feature in Netflix’s latest original series, ‘Next in Fashion’, a competition dedicated to finding the next big name in design. The series will start streaming on Netflix from January 29th 2020. Netflix’s […]

Contemporary fashion label Juicy Couture is gearing up for growth in 2020 with the help of NYC Alliance, a vertically integrated, multichannel apparel company. Authentic Brands Group, Juicy Couture's parent organization, made the announcement of the new partnership on Feb. 18, sharing that NYC Alliance […]

French fashion house Chanel said Monday it was postponing a show set for May in Beijing following an outbreak of a new coronavirus that has infected some 70,000 people across China. "Considering the current situation and following the guidance of Chinese authorities, Chanel has decided to postpone its […]

The EU Commission decided on Wednesday to partially withdraw Cambodia's preferential access to the European market under the "Everything but Arms" (EBA) programme because of continued and serious human rights violations. This means that instead of preferential tariffs, the usual EU tariffs on certain […]

Different day, same story: A fire breaks out in a garment factory, exits are shut and workers die because they cannot get out. This time, Nandan Denim was affected, in Ahmedabad, the largest city in the western Indian state of Gujarat. The fire broke out last Saturday evening, killing seven workers […]

Reuters has reported that MyTheresa is set to list on the New York Stock Exchange. The Neiman Marcus owned e-tailer is working with Morgan Stanley on the planned listing, which could happen as early as April. Neither Neiman Marcus or Morgan Stanley responded to comment on the matter. It is reported […]

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