Latest Articles in Business

US imposes import restrictions on three additional Chinese companies with forced labour links

The United States has expanded import restrictions, targeting three additional Chinese companies implicated in using forced labour, particularly involving Uyghur minorities, in an effort to eliminate such goods from the U.S. supply chain. Xinjiang Tianmian Foundation Textile Co Ltd, Xinjiang Tianshan Wool Textile Co. Ltd, and Xinjiang Zhongtai...

Business

Berlin designer Namilia wins trademark case against Hermès

Hermès had filed a lawsuit against Namilia for trademark infringement because of a reworked Birkin bag by Hermès that was presented on the catwalk by the German fashion label during Berlin Fashion Week SS24 in July. Now, the Frankfurt Regional Court has rejected Hermès' application for an injunction, citing the right of artistic freedom. These...

Business

IFM and Première Vision publish study on: ‘the evolution of sustainable fashion and its perception’

”The image of fashion is undoubtedly improving," the director of the IFM Economic Observatory said in the context of a recent study on fashion and sustainability conducted by the French fashion school and the trade show Première Vision. The report, entitled "Sustainable fashion hits its stride," gives insight into the dynamics of...

Business

Adidas and Stella McCartney team up on away kit for Arsenal Women

Sportswear giant Adidas has unveiled the first away kit and travel range for Arsenal Women football team made in collaboration with British designer Stella McCartney. The limited-edition, eight-piece collection includes looks for both on and off the pitch, with items such as a jersey, shorts, zip-up jacket, track-style pants and an oversized tee...

Business

Aritzia swings to Q2 loss, but revenues edge higher

Aritzia swung to a loss in the second quarter but still reported a small increase in revenue following two consecutive years of strong growth. The Canadian womenswear brand made a net loss of 6 million Canadian dollars in the three months to August 27 compared to a profit of 46.3 million Canadian dollars a year earlier. Meanwhile, revenue...

Business

Salomon appoints new president of the Americas

Sportswear brand Salomon has announced the appointment of Steve Doolan as president of the Americas, a position which he will take up from the company’s regional headquarters in Ogden, Utah. From the new role, which he will step into from October 23, Doolan will be responsible for driving strategy, operations and growth within the region, and...

Business

Canada Goose appoints new board members, CTO named

Clothing brand Canada Goose has announced the appointment of two new board members, as well as the name of its new chief technology officer, Marjan Anwar Khan. Former chief financial officer of luxury group Richemont, Gary Saage, and partner of Bain Capital Private Equity, Jennifer Davis, will be joining Canada Goose board of directors,...

BusinessFeatured

Beauty and cosmetics news round-up Q3 2023

As the third quarter comes to its end, beauty has continued to welcome a dynamic market, swarming with acquisitions, team transformations and category expansions that are keeping observers on their toes. Fashion brands continue to eye a move into this resistant category, while the big players that dominate it proceed to cement their position....

BusinessFeatured

Sycamore snaps up Chico’s in one billion dollar deal

Private equity firm Sycamore Partners has announced the acquisition of Chico’s FAS for a substantial one billion dollars, with the move to also see the apparel group become a privately held company upon completion of the transaction. Shareholders at Chico’s will each receive 7.60 dollars per share in cash as part of the agreement, with the...

Business

Gentili Mosconi H1 sales increase by 4.2 percent

Luxury fabric manufacturer Gentili Mosconi S.p.A. said revenues for the first half of 2023 amounted to 27.3 million euros, an increase of 4.2 percent compared to the same period of 2022 with significant increase in fashion textile accessories and home textile accessories businesses. Commenting on the trading update, Francesco Gentili, president...

BusinessFeatured

Nike reports revenue and earnings growth in Q1

For its first quarter, Nike, Inc. reported revenues of 12.9 billion dollars, up 2 percent compared to prior year on a reported and currency-neutral basis. Gross margin for the quarter decreased 10 basis points to 44.2 percent and net income was 1.5 billion dollars, down 1 percent, while diluted earnings per share rose 1 percent to 94 cents. “Q1...

Business

Two months after resignation of general director, Pimkie announces successor

Last July, after just six months in her post, Sandrine Lilienfeld announced her resignation as managing director of the Pimkie brand. Just over two months later, the company has announced the name of her replacement: Élodie Chelle. Lilienfeld’s resignation was sudden last July. At the time, she cited "a very different point of view from the...