Global delivery software business Sorted Group has raised 15 million pounds in a Series B funding round led by Merian Chrysalis Investment Company Limited, alongside Praetura Ventures and NVM Private Equity LLP. The Manchester-based, Sorted, has developed a delivery management platform which allows […]

StitchFix, ThredUp, Rent-the-Runway, The RealReal and Vestiaire Collective are just some of the leaders defining the new frontier of shopping for clothes, from fashion subscription services to the re-sale revolution, to peer-to-peer marketplaces, that is changing how we consume fashion. As the global […]

Asos has reportedly asked suppliers for a discount on its orders as the online giant continues to cut costs. In a letter sent to suppliers and seen by Drapers, Asos asked for a three percent discount on the prices of all stock it receives after 1 September. In the letter, Asos said: “We have recently […]

Pandora’s company-wide turnaround plan, ‘Programme Now,’ which is aiming to renew its entire customer experience to drive a “higher brand relevance”, is “on track” ahead of the brand’s relaunch later this month, as the jewellery brand releases its Q2 2019 results. In a statement, Pandora said that the […]

Tailored Brands, Inc. has announced the sale of its corporate apparel business to a group led by the existing corporate apparel U.K. executive team for total cash consideration of 62 million dollars. For the second quarter, the company expects to report net sales in the range of 787 to 789 million dollars, […]

Levi Strauss & Co., Kontoor Brands - which owns Wrangler and Lee jeans - and The Children’s Place have all pledged to crack down on gender-based abuse in Lesotho garment factories after an investigation found women were being coerced into having sex in order to keep their jobs. The major fashion brands […]

New York – H&M announced Monday it is partnering up with India’s e-commerce giant Myntra to tap into the exploding Indian online market. H&M launched its dedicated Indian e-commerce site last year which, according to Fredrik Olsson, managing director at H&M, already generates over 15 percent of its […]

New York – The fashion and apparel industry in China continues to thrive despite the current tensions with USA taking a toll in the export-import trade between the two economies. ‘China Investment Bank Club’ has published its China’s Richest Report 2019: 51 of them owe their position to their fashion […]

CNBC has reported that Warren Buffett's Berkshire Hathaway has increased its stake in Amazon by 11 percent, now worth 947 million dollars. Berkshire now owns 537,300 shares of Amazon. Buffet announced his initial investment of Amazon back in May, but clarified that they were bought by someone in his […]

BACKGROUND On 18th August 1949, founder Adi Dassler's company Adidas was entered into the commercial register. 70 years later, the number of employees worldwide has multiplied from 47 at that time to 57,000 today, and the small business in Herzogenaurach in Franconia, southern Germany, has become a […]

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