Carlo Benetton, the youngest of the four siblings who founded the renowned Italian fashion brand United Colors of Benetton, has died from cancer at the age of 74. Carlo founded the company with his brothers Luciano and Gilberto and his sister Giuliana in 1965 in Ponzano Veneto. Benetton died in his home in the northern Italian city of Treviso. Benetton initially became famous for its signature soft wool jumpers in a variety of colours, but later on became more known for a series of controvers

Creating sourcing opportunities for the textiles industry, the 25th Hong Kong (HK) Fashion Week comes to an end. Around fifteen fashion events, including fashion shows, trend forecasting and fashion tech seminars, buyer forum and a networking reception were held during the four-day fair to generate business opportunities for industry professionals. Around 11,000 buyers from 65 countries and regions attended the trade show with attendance from Canada, Taiwan and those from Belt and Road countr

Australia’s swimwear brand Seafolly will soon open its first online store in China on the country’s largest cross-border ecommerce platform Tmall Global. With 1.4 million Chinese tourists visiting Australia in the past 12 months and exposed to Australian beach lifestyle, CEO Paul Kotrba sees the Chinese market as critical to the firm’s global expansion plan.Alibaba Group subsidiary Tmall Global has more than 70,000 brands and retailers and receives more than 40 million unique online visitors dai

As many as 10 couturiers will display their creative clothing range at the India Couture Week 2018 beginning July 25. The ramp will be enlivened by designers namely Anju Modi, Pallavi Jaikishan, Rahul Mishra, Reynu Taandon, Rohit Bal, Shyamal & Bhumika, Suneet Varma, Tarun Tahiliani, and debutants Amit Aggarwal and Falguni & Shane with colour and shine. "Hindustan Times is happy to be presenting the FDCI India Couture Week with Sunil Sethi Design Alliance. There is great resonance wit

India’s Tata group firm Trent’s joint venture (JV) with Spain's Inditex for Zara brand is not a ‘long term strategic investment’ integral to its retail operations but is merely a financial investment, the company said in its 2017-18 annual report. This was due to the nature of brand ownership, which is with Inditex, and merchandise supply arrangements, it said. Inditex Trent Retail India Pvt Ltd is a 51:49 JV with 51 per cent held by the Spanish partner. Trent, whose flagship brand is Westsid

Gordon Brothers, the global advisory, restructuring, and investment firm, has taken over the Bench brand and all its related intellectual property assets. Launched in Manchester, UK in 1989, Bench is one of the first streetwear fashion retailers and until very recently its products could be found in over 20 countries in Europe and North America. In focusing on lifestyle products associated with the skate and BMX culture of the late 1980's / early 1990's, Bench was far ahead of its time in

Fashion Tech zone explored the latest technological application on the 1st day of the ongoing Hong Kong (HK) Fashion Week. Going forward, the corporate fashion and uniforms zone also debuted at the four-day fashion event. As many as 1,100 exhibitors from 14 countries are participating in the international exhibition that will run till July 12. Exhibits at the Fashion Tech zone include luminous fabrics made with an innovative trademarked technology from first-time exhibitor Lumisonata; an appl

Reliance Brands Limited, a subsidiary of Reliance Industries Limited (RIL), has purchased 12.5 per cent equity stake in luxury apparel firm Future101 Design Private Limited (Future101) for 9.5 crore. Future101 belongs to a similar industry as Reliance Brands Limited, and RIL expects growth in the sector and value creation from its investment. "The acquisition of minority stake is in the nature of strategic investment,” RIL said in its disclosure under Regulation 30 of SEBI (Listing Obligation

Authentic Brands Group LLC (ABG), owner of a global portfolio of celebrity and entertainment and lifestyle brands, has completed the acquisition of Nine West and Bandolino brands from Nine West Holdings, Inc. Last month, ABG won the bid in the auction conducted by Nine West Holdings under the US Bankruptcy Code to acquires the two brands. Post purchase, ABG’s footwear and accessories business will increase to over $2 billion in global retail sales, further establishing its position as a leade

Future Lifestyle Fashions Limited (FLFL), a part of Future Group - India's largest retail group, is all set to subscribe for up to 29.9 per cent stake in Koovs, a leading e-commerce fashion business. It owns more than 60 brands, operates close to 2,000 retail stores spanning over 22 million square feet and attracts footfalls of over 500 million annually. Under existing shareholder authority, Koovs will issue FLFL with 57,876,600 new ordinary shares at a price of 10p per share, representing 24