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Autumn Editions of Intertextile Shanghai & Yarn Expo pushed to October

Autumn Editions of Intertextile Shanghai & Yarn Expo pushed to October

The Autumn Editions of Intertextile Shanghai Apparel Fabrics, Intertextile Shanghai Home Textiles and Yarn Expo have been postponed to October 9-11, 2021 due to the sudden rise of COVID-19 cases in China.
Fashion
Mike Ashley set to step down from CEO role at Frasers - report

Mike Ashley set to step down from CEO role at Frasers - report

Mike Ashley, the Sports Direct entrepreneur, is preparing to step back from his high-profile role as CEO of his growing retail empire. He’ll hand control to his future son-in-law Michael Murray, the Telegraph reported.
Fashion
Liu Jo sues Kendall Jenner over alleged breach of modelling contract

Liu Jo sues Kendall Jenner over alleged breach of modelling contract

Kendall Jenner is being sued by Italian fashion brand Liu Jo for allegedly breaching the terms of a modelling contract requiring her to appear for two photoshoots, according to a legal complaint filed by Liu Jo.
Fashion
Under Armour continues growth trajectory in Q2, raises guidance

Under Armour continues growth trajectory in Q2, raises guidance

Under Armour has posted a 91% revenue jump to $1.4bn for Q2 ended June 30. Considering the performance, the company has raised its FY21 revenue outlook up to a low 20s percentage rise against high teens previously.
Fashion
New Look recovery underway in Q1 after tough year

New Look recovery underway in Q1 after tough year

​Value fashion specialist New Look issued a trading update and its annual results on Tuesday and said it had made a “solid start to FY22 trading following store reopenings after [a] resilient FY21 performance”.
Fashion
Wolverine buys Sweaty Betty for almost £300m

Wolverine buys Sweaty Betty for almost £300m

​Premium activewear brand Sweaty Betty is being bought by US giant Wolverine for nearly £300. The 23-year-old London company has been a winner from the athleisure trend and this has boosted its value in recent years
Fashion
Joules sales and profits rise in latest year as e-tail booms

Joules sales and profits rise in latest year as e-tail booms

​Joules reported its annual results on Tuesday and talked of a “strong performance underpinned by continued digital growth, the strength of the Joules brand, and increasing diversification of revenue streams”.
Fashion
Columbia Sportswear April-June sales exceeds pre-pandemic levels

Columbia Sportswear April-June sales exceeds pre-pandemic levels

Columbia Sportswear Company, a specialist in active outdoor lifestyle apparel and footwear, has exceeded its expectations with 79% sales growth to $566.4m in Q2 of FY21 compared to same period of 2020.
Fashion
Guichot becomes SMCP chief as Lalonde quits for new opportunity

Guichot becomes SMCP chief as Lalonde quits for new opportunity

​Big change is coming at SMCP. On Monday, the Sandro, Maje, Claudie Pierlot and Fursac owner named Isabelle Guichot as its new CEO, to replace Daniel Lalonde who’s off to pastures new.
Fashion
Private equity firm CD&R prepares Morrisons counter-bid - report

Private equity firm CD&R prepares Morrisons counter-bid - report

Private equity firm Clayton, Dubilier & Rice (CD&R) is poised to start a bidding war for British supermarket chain Morrisons, the target of a £6.3 billion ($8.8 billion) offer from a group led by another U.S. firm.
Fashion
Vans helps drive recovery at VF Corp

Vans helps drive recovery at VF Corp

The Denver, Colorado-based outdoor and activewear group reported first-quarter revenue of $2.2 billion on Friday, up 104% from $1.1 billion in the prior-year period, with growth led by the Vans brand.
Fashion
Mirabaud Lifestlye Impact & Innovation invests in Highsnobiety

Mirabaud Lifestlye Impact & Innovation invests in Highsnobiety

The investment fund launched by Swiss banking and financial group Mirabaud last year has acquired a stake in the German platform dedicated to streetwear. 
Fashion
Aeffe sees first-half profits soar compared to 2019

Aeffe sees first-half profits soar compared to 2019

The Italian group achieved revenue of 155 million euros in the first six months of 2021, up 30% year over year, but down 10% compared to 2019, while net earnings tripled in the two years, totaling 17.4 million euros. 
Fashion
Pitti Uomo announces another 3-day edition for January

Pitti Uomo announces another 3-day edition for January

In January, the Florentine event organizer is planning to replicate the format it explored in June, hosting its two flagship trade shows, Pitti Uomo and Pitti Bimbo, simultaneously from January 11 to 13, 2022.
Fashion
Michael Kors, Versace parent Capri beats revenue estimates

Michael Kors, Versace parent Capri beats revenue estimates

Michael Kors parent Capri Holdings Ltd on Friday raised its annual forecasts for the second time after trouncing Wall Street estimates for quarterly results, as shoppers splurge on its high-end clothes and bags.
Fashion
Online retailer Boohoo to move to new auditing model for suppliers

Online retailer Boohoo to move to new auditing model for suppliers

Online fashion retailer Boohoo said on Friday it would move all of its suppliers to a new auditing model over the next 12 months in its latest effort to address failings brought to light in media reports a year ago.
Fashion