Gildan Activewear sales, profits dip; announces expansion initiative
For the three months ending March 31, the maker of underwear and t-shirts reported net income of $22.7 million, or 11 cents per share on a diluted…
Greek Folli founders, executives charged with fraud, money laundering – source
Folli, an upmarket Greek brand, has been under scrutiny since a hedge fund raised concerns over its financial statements for last year.Quintessential Capital Management said in a…
Heatwave sends UK prestige makeup sales down, skincare continues to glow
Data from the NPD Group, a global information company, reveals that makeup sales fell by almost a tenth in the five weeks between 24 June and 28…
India’s Snapdeal files police case against local logistics firm
The company, which is backed by Japan’s Softbank, accused Quickdel of misappropriation, cheating and misleading it, in the police first information report filed in New Delhi on…
How Levi Strauss envisions its European logistics’ evolution
In the quarter closed on February 28, the group’s DTC sales grew by 46%, mainly fuelled by a renewed rise in in-store traffic in many regions, especially…
British watchdog plans investigation into Amazon’s use of data
The Competition and Markets Authority has been analysing Amazon’s business for months, the newspaper said, adding regulator was focusing on how the online retailer uses the data…
Kering commits to cut greenhouse gas emissions by 40% by 2035
The commitment is part of the group’s vision of a modern and responsible luxury, and complements its growing sustainability strategy. Over the last three years, Kering has…
J.Crew launches sustainability initiative ‘Re-Imagined By J.Crew’
Dubbed ‘Re-imagined by J.Crew’, the goals to achieve sustainability include three commitments to fabrics, factories, and operations where 100 percent of key fibers will be sustainably sourced,…
Minerva Hub, Italy’s newly created luxury production consortium
Minerva Hub was created in March 2022, the result of a merger between two Italian investment funds: the Xenon fund, through its holding company XPP Seven, which…