London-listed Koovs has been facing cash flow issues in recent periods and has been focused on preserving cash, but on Monday it said it has struck a deal worth £24 million as part of its financing drive.
Inditex sales may have risen only 2% in Q1 but it was still a record quarter and without currency exchange effects it would have powered ahead by 7% as both online and stores expansion again proved a winning formula.
New Look has admitted last year was very difficult as it revealed bleak trading results amid external and “self-inflicted” issues. However, it said its turnaround plan is on track to deliver stability for the new year.
Cone Denim has partnered with Lenzing Group to become the only North American supplier offering sustainable denim made in the US. The company debuted the new sustainable denim fabric at Kingpins in NY this week.
The 87th edition of the Florentine childrenswear tradeshow will take place June 21 to 23 and is set to welcome 557 brands, a figure much in line with its summer edition in 2017, which saw 548 brands showcased.
Vama, a 25,000-square-foot multi-brand clothing store in South Mumbai’s Cumbala Hill, has ended up in bankruptcy court after Gas Jeans has claimed that it is owed Rs 22 lakh ($32,586) by the business.
For autumn-winter 2019/20, the denim trade show, which ended in Paris on May 24, offered up a very fashion-oriented interpretation of the latest textile innovations, featuring a series of pieces by designer Lutz Huelle.
M&S had some good news Wednesday as it reported more customers, higher e-sales and improved Clothing & Home margins. But all other figures were poor as it spent heavily to force through the change it desperately needs.
Following on from Shayne Oliver, Glenn Martens will design the Diesel Red Tag collection set to be unveiled at the next men's Fashion Week in Milan. Diesel Black Gold, however, will not have a show this season.