
The revenue of top fashion multinationals plummeted by 21.8% in the first nine months of 2020 because of the pandemic, according to a study published on Wednesday by Italian investment bank Mediobanca.
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The revenue of top fashion multinationals plummeted by 21.8% in the first nine months of 2020 because of the pandemic, according to a study published on Wednesday by Italian investment bank Mediobanca.
H&M Group has warned that its current quarter continues to see sales hurt by the pandemic. The warning came after it reported a sharp fall in profits for Q4 and the full year.
Ambience Mall is currently under investigation by the Central Bureau of Investigation. The Punjab and Haryana high court ordered the Haryana Government to provide assistance to the CBI to trace witnesses and documents.
The Spanish fashion retailer is adapting to the new normal of lockdowns and remote working, and is set to extend its product range into the home linen and home decoration categories in Q2.
The 2020 report by Paris-based association Climate Chance has described the global textile and apparel industry’s efforts to deal with the challenges of sustainable development as both fragmentary and insufficient.
The Trump administration expanded economic pressure on China’s region of Xinjiang, banning cotton imports from a powerful organization that it says uses the forced labor of detained Uighur Muslims.
French fashion designer Isabel Marant has apologized after the Mexican government criticized her for appropriating and selling clothes based on traditional indigenous patterns.
Spanish group Inditex’s flagship brand Zara has launched a new line of lingerie including bras and pyjamas. The line launched online on October 22.
Inditex’s flagship brand is expanding in Asia with the opening of its largest regional store in Beijing. The new location spreads across 3,500 sq m over four floors. Zara first launched in China in 2004.
China's Shein may be the biggest shopping site you've never heard of. The fast-fashion player is encroaching on the territory of more established rivals like Zara and H&M.