Seattle-based gender-neutral, size-inclusive underwear brand TomboyX has received 18 million US dollars in a series B funding round led by consumer venture capital fund The Craftory, which now becomes TomboyX’s majority stakeholder. Founded in 2012 by Fran Dunaway and Naomi Gonzalez, TomboyX already […]

New York - Perla Fashion Holding, the company owning the high-end lingerie brand La Perla, has confirmed it has secured a capital increase worth 23 million euros. The board of directors has approved the issue of new shares to external investors, based on a valuation of the company’s net equity of 450 […]

Google has announced three new ad types to be displayed across its mobile apps, including the eponymous search engine, the news app Discover, YouTube and Gmail. The new ad formats will be available globally for all advertisers later this year. The first new ad type is called Discovery and aims to introduce […]

Salvatore Ferragamo S.p.A. has reported revenues of 317 million euros (355 million dollars), up 4.3 percent both at current and constant exchange rates in the first quarter of 2019. The profit before taxes amounted to 15 million euros (16.8 million dollars, up 5.1 percent, with an incidence on revenues […]

Five organizations have published a joint manifesto calling on EU policymakers to establish tools for a circular fashion system, namely Euratex (European Apparel and Textile Confederation), Federation of the European Sporting Goods Industry (FESI), Global Fashion Agenda (GFA), International Apparel […]

The fashion industry is under enormous pressure to take steps to stem the environmental damage caused by it. Tonnes of used and discarded clothes, shoes and accessories end up in landfills, however, with innovative and creative methods, about 95 percent of this waste could be salvaged, recycled and […]

For the first quarter of 2019, Iconix Brand Group’s total revenue was 35.9 million dollars, a 26 percent decline as compared to the prior year first quarter. The company said, such decline was expected, principally as a result of the transition of Danskin and Mossimo direct to retail licenses in the […]

For its fourth quarter, Ralph Lauren Corporation reported earnings per diluted share of 39 cents on a reported basis and 1.07 dollars on an adjusted basis, compared to 50 cents on a reported and 90 cents on an adjusted basis, for the same quarter of 2018. For Fiscal 2019, the company said, earnings […]

Global sustainability initiative Fashion for Good, in collaboration with global professional service provider Accenture Strategy, has launched a new report today that for the first time explores the financial viability of circular business models in the fashion industry. “The Future of Circular Fashion: […]

French luxury conglomerate LVMH has announced a partnership with Unesco’s “Man and Biosphere” (MAB) intergovernmental scientific program, which aims to preserve biodiversity around the world by supporting innovative approaches towards economic development. The program operates works closely with 686 […]

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