The latest news
Permira takes control of Italian luxury suppliers hub Florence
Investment firm Permira has acquired the majority of Gruppo Florence, in a deal which values the hub of Italian luxury clothing and leather goods manufacturers at more than 1 billion euros.
Daniel Wellington unveils handbag line amid major strategic shift
Amid the splendor of the Ritz in Paris, Daniel Wellington unveiled its debut handbag line, the latest new development amid a major strategic shift for the Swedish watchmaker.
Italy becomes European leader in technical textiles production
This fast-growing niche sector, highly valued by the luxury industry, is worth €26 billion in Europe alone, of which nearly €7 billion generated in Italy, now the leading technical textiles producer on the continent.
Hayley Menzies opens on Carnaby's Newburgh Street
London’s Carnaby continues to be a magnet for fashion independents with contemporary luxury brand Hayley Menzies choosing the Shaftesbury Capital operated area for its second London store.
Chanel invests in the Cariaggi Lanificio mill alongside Brunello Cucinelli
The French luxury house has acquired a 24.5% stake in the historic Cariaggi Lanificio mill in a deal with Italy's Brunello Cucinelli, which also had a stake in the company.
Indian garment makers face pressure as brands, importers seek discount
Indian garment makers and exporters are under pressure due to reduced demand amid global economic challenges. Brands and retailers are seeking extra discounts on orders placed previously, a practice deemed unethical.
EU's textile and apparel trade deficit grew by 48% in 2022
In 2022, the EU’s textile and apparel trade topped the symbolic €200 billion revenue mark according to the Euratex confederation, which issued a warning about the acceleration in the trade deficit’s increase.
Lululemon invests in Australian upcycling firm Samsara Eco
Canada's Lululemon Athletica has made a minority investment in Australian upcycling firm, Samsara Eco, as the activewear giant homes in on sustainable and innovative fabrics for its products.
Ludovic de Saint Sernin leaves Ann Demeulemeester
Barely six months after Ludovic de Saint Sernin was appointed creative director of Ann Demeulemeester the house has announced the departure of the designer. No successor has been named.
Southeast Asia seeks global recognition for 'special' kebaya craft
What makes kebayas special is that they are worn by women of all ethnic backgrounds in a diverse region, according to Lim Yu Lin, who co-runs the family business her grandmother founded in 1955.
Giorgio Armani to stage One Night Only in Venice
Giorgio Armani will stage his latest One Night Only fashion and soirée event in September in Venice amidst the celebrations for the lagoon city’s annual film festival, its 80th edition.
Apparel makers in cyclone-hit Bangladesh consider rare, expensive airlifts for exports
Apparel makers in Bangladesh are considering rare bulk exports by air to Europe and the United States, as they race to meet deadlines and avoid cancellations after a cyclone delayed shipments.
Threads giant Coats hurt by de-stocking, tough comparisons as sales dip
Tough year-ago comparisons and a slowdown in customer demand meant Coats Group sales numbers took a hit in the three-month trading period to 30 April.
Marimekko has weaker Q1 but focus on Asia will be key
Marimekko’s Q1 results on Tuesday showed a 2% sales drop and comparable operating profit below the record-high comparison period a year ago.
Adeju Thompson of Lagos Space Programme wins Woolmark Prize 2023
Adeju Thompson, founder of Nigeria-based Lagos Space Programme, has won the International Woolmark Prize for 2023, nabbing first place in the oldest and most esteemed fashion award.
Dr Julie King is new chair of the ASBCI
The Association of Suppliers to the British Clothing Industry (ASBCI) has a new chair and an additional vice-chair.