American footwear label Toms, best known for giving a pair of shoes to a child in need with every pair of shoes sold, is expanding its humanitarian work. After donating 5 million US dollars to organizations working to end gun violence in the United States in November, as well as encouraging Americans […]

Announcing its financial results for the fourth quarter and full year, Gildan Activewear Inc. said strong performance in the fourth quarter reflected an increase of 16 percent in GAAP diluted EPS and an increase of 39 percent in adjusted diluted EPS, driven by sales growth of approximately 14 percent […]

Tapestry, Inc. has declared a quarterly cash dividend of 3375 cents per common share. The company said in a statement that this dividend is payable on April 1, 2019 to shareholders of record as of the close of business on March 8, 2019. Announcing its second quarter results at the beginning of this […]

PVH Corp. has entered into a definitive agreement to acquire Gazal Corporation Limited that it does not already own for 6 Australian dollars per share. The company said, Gazal has been PVH’s long term partner in Australia and if the acquisition is consummated, PVH will acquire its joint venture with […]

The death of legendary designer Karl Lagerfeld leaves a huge hole at the head of Chanel, but the fashion juggernaut is in such rude health it is likely to power on without him, analysts say. The workaholic German turned around the fading fortunes of Coco Chanel's iconic house in his 36 years in charge, […]

INTERVIEWCompanies looking to future-proof their existence can no longer turn a blind eye to social and environmental issues, as the ones which are not perceived as having a positive impact in the world are likely to go out of fashion. A 2018 survey of 10,000 millennials (people aged 25-35) and 1,844 […]

Marcolin Group and Max Mara Fashion Group have entered into a worldwide licensing agreement for the design, production and distribution of sunglass and eyeglass frames for women, under the Sportmax brand. The company said in a statement that the agreement is valid for five years, with effect from January […]

Tom Tailor Holding SE has decided to implement a capital increase of 10 percent against cash contribution with partial utilization of the approved capital. The company said in a statement that 3,849,526 new registered shares will be allocated directly and exclusively to Fosun International Ltd. With […]

Discount footwear retailer Payless Shoes is shuttering all business in the United States. All of the retailer's 2,100 locations in both the U.S. and Puerto Rico will close between March and May of this year, and the online store will close at some point as well. Payless first filed for bankruptcy in […]

The future of the Bangladesh Accord remains unclear following the decision by the Bangladesh Supreme Court to postpone the hearing on the future of the organization until April 7. Until then, the country's government and the Bangladesh Accord will continue their attempts to reach an agreement. Founded […]

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