Fashion for Good is extending its presence across South Asia in the last year. And as a part of that welcomed Birla Cellulose as its innovation partner, with aim to focus on making new technologies in the near future.Also Read:Arvind joins Fashion for GoodFashion for Good informed in its yearly progress update that since launching its South Asia Innovation Program and in spite of the challenges of the COVID-19 pandemic, it has witnessed the graduation of nine first batch start-ups, as well as th

Oxford Industries, a US-based leader in the apparel industry, has announced 27 per cent decrease in its net sales to $175.1 million in its third quarter (Q3) FY20 that ended on October 31, compared to sales of $241.2 million in the same period previous year. Company’s net loss for Q3 FY20 was $10.6 million (Q3 FY19: earnings $1.6 million).Pic: Shutterstock“I am encouraged by our third quarter results as each of our branded businesses exceeded our internal plans. During our historically smallest

In H&M’s Conscious Exclusive A/W20 collection, the exquisite pieces have been crafted from sustainably sourced materials made from waste. What’s normally thrown away is purposefully transformed into treasures to be loved and valued, allowing us to appreciate the potential of waste and be inspired by the creativity that comes from having to reuse thingsLiterally creating beauty from waste, the A/W20 collection includes innovative fabrics and processes that transform food crop waste into a nat

This season H&M introduces pieces that bring the smart solution to staying warm with great personal style. Heat Up Tech is a collection of men’s layering pieces using THERMOLITE®, a new lightweight technology for warmth without the bulk. It’s about the perfect pile and fleece designs for an urban street style look, as well as thermals as a base layer all season long.Innovation is at the heart of what we do with menswear at H&M. Heat Up Tech with THERMOLITE® uses new technology for true f

LONDON - British brand Burberry has launched a new initiative - ReBurberry Fabric - which aims to support young designers by donating leftover fabric to hard-up fashion students.The company has teamed up with the British Fashion Council (BFC) for the pilot project which will be overseen by the BFC's Institute of Positive Fashion and Colleges Council.Burberry and the BFC both said they hoped the scheme, which will target donations to the students most in need, would provide a blueprint for ot

PARIS – Animal rights organisation PETA has sent a letter to Michael Burke, the CEO and chairman of luxury fashion brand Louis Vuitton (LV), urging that he“immediately stop making false claims about the treatment of animals killed for the company's products”.In an interview with theTelegraphin the UK, Burke stated: “I can say 100 per cent hand on heart our animals are humanely farmed”. PETA insists there is no such thing as ‘humanely farmed’ animals considering that they’re “violently killed

Foot Locker, a US-based specialty athletic retailer, has posted 9.0 per cent growth in its sales to $2.10 billion during the third quarter (Q3) FY20 that ended on October 31, 2020, compared to the sales of $1.93 billion in the same period previous fiscal. Net income for the reported quarter jumped to $265 million (Q3 FY19: $125 million).Pic: Shutterstock“We delivered a strong top- and bottom-line performance in the third quarter, underscoring the strength of our in-store and online product assor

PVH Corp, a US-based global apparel companies, has reported 18 per cent revenue decline to $2.11 billion in its third quarter (Q3) FY20 that ended on November 1, compared to the revenue of $2.43 billion in the same period last fiscal. Company’s net income for the quarter rose to $69.5 million compared to net loss of $1.07 billion in Q3 FY19.Pic: Shutterstock“Our third quarter results exceeded our expectations across all markets and channels, with a very strong recovery in Europe and China, consi

Gap Inc, a US-based specialty apparel company, has reported its financial results for the third quarter (Q3) of fiscal 2020, ending on October 31. Sales during the quarter remained flat at $3.99 billion compared to the sales from same period last fiscal. The company’s a net income for Q3 FY20 slipped to $95 million (Q3 FY19: $140 million).Pic: Shutterstock“Our third quarter results reflect our Power Plan 2023 in action — specifically the strength of our online business, which comprised 40 per ce

Ascena Retail Group recently announced entering into an asset purchase agreement (APA) with Premium Apparel LLC, an affiliate of Sycamore Partners, a private equity firm specialising in consumer, retail and distribution investments, to sell Ascena’s Ann Taylor, LOFT, Lane Bryant and Lou & Grey brands.Premium Apparel will acquire the brand assets for a purchase price of $540 million, on a cash-free and debt-free basis, subject to certain adjustments, and the assumption of certain liabilities.