H&M and VF Corporation are the only two apparel companies on the 2019 World’s Most Ethical Companies list, made by the Ethisphere Institute. A total of 128 companies made the list this year, representing 21 countries and 50 industries. According to Ethisphere, the companies on the list have met “rigorous” […]

Inclusive lingerie label ThirdLove, best known for its wide range of size options and half-cup bra sizes, has raised 55 million US dollars in funding. Founded in 2013 by two former Google executives, ThirdLove aims to offer “a bra for everybody”. The company was not looking for investors, but decided […]

New York – British fashion and homewares retailer Laura Ashley is reported to have received a takeover bid from a U.S. investment firm, Flacks Group. In a statement issued Monday, Flacks Group said it is in the early stages of evaluating a bid for the struggling retailer. The apparel group, owned by […]

For the six months to December 31, 2018, Esprit Holdings Limited reported revenue of 6,766 million Hong Kong dollars (861.9 million dollars), representing a decline of 14.4 percent in local currency terms. The decline in Hong Kong dollar terms, the company said, was slightly higher at 15.8 percent due […]

Global Fashion Group (GFG) has reported full year net merchandise value (NMV) increase of 22.5 percent to 1,453 million euros (1,649 million dollars) year on year on a constant currency basis. Full year Revenue of 1,156 million euros, the company said, represented a 18.7 percent growth and adjusted […]

As the first denim company from Bangladesh, Chittagong-based Denim Expert Ltd. has joined the United Nations Framework Convention on Climate Change (UNFCCC), pledging to take climate action in line with the goals established by the Paris Agreement of 2015. “The science is clear. Climate change is happening […]

TechStyle Fashion Group, the brand-building platform operating popular brands including JustFab, Fabletics, Savage X Fenty, FabKids and ShoeDazzle, has announced that its global VIP membership has exceeded five million active members, making it one of the largest membership-based fashion companies in […]

Ferruccio Ferragamo, chairman of Italian luxury house Salvatore Ferragamo, won't be parting ways with his beloved family namesake anytime soon. At the brand's fall/winter 2019 runway show at Milan Fashion Week, Ferragamo said, "I’m in love with this company and it’s not for sale." A sale of Ferragamo […]

Abercrombie & Fitch Co. has declared a quarterly cash dividend of 20 cents per share on the Class A common stock of the company, payable on March 18, 2019 to stockholders of record at the close of business on March 8, 2019. The company operates over 850 stores under Abercrombie & Fitch, Abercrombie […]

Timex Group is partnering up with Hong Kong-based Tappy Technologies to enable its watches to make mobile payments via Visa and Mastercard. Even non-chargeable devices will be able to be “tokenized”. The video below explains how it works: “This new product will allow brands to combine the worlds of […]

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