Faced with the health crisis, Messe Frankfurt France has come up with an innovative alternative solution for the fashion industry following the cancellation of its February 2021 trade fairs. The Messe Frankfurt group, headquartered in Frankfurt am Main, is the world’s largest trade fair, congress, and event organiser with its own exhibition grounds.Pic: Messe Frankfurt FranceThe growing uncertainties linked to the COVID-19 crisis and the limitations imposed by the application of health regulatio

Eurazeo has announced the completion of the sale in the market in recent days of all its shares in Farfetch, a Eurazeo growth portfolio company. This disposal resulted in net proceeds of €90.4 million, corresponding to a multiple of 4.1x cash-on-cash and an IRR of around 38 per cent. Eurazeo is a leading global investment company headquartered in France.Pic: FarfetchEurazeo had been a shareholder in Farfetch, an online marketplace connecting fashion and luxury goods brands as well as multi-brand

Footwear and apparel firm Nike expects to cut 700 jobs at its Oregon headquarters near Beaverton by early January as part of a restructuring the company announced summer this year, it announced recently. Its earlier estimate of its Oregon layoffs was reportedly around 500. The recent cutbacks announced were part of a brief legal filing with state workforce officials.Pic: ShutterstockIn July, Nike said it will spend up to $250 million cutting jobs worldwide as new chief executive officer John Don

Japanese apparel brand, Uniqlo has launched e-commerce operations in the Indian market. Launched on its first year anniversary in India, the shop from home services can be availed by customers via online.uniqlo.in, the retailer said in a statement.Figure: Uniqlo India launches online store on its first year anniversary.“After a large number of requests from across the country about our products, we are happy to announce that now consumers can shop UNIQLO products from the comfort of their homes.

A talk with industry stakeholders about the kidswear trends that will direct the post-pandemic market in the upcoming seasons, ranging from cozy classics to technical textiles to suit the demographics that is now bound to become the new normal of home-schooling and virtual playtime.A segment that has recently been brought to the fore of fast fashion owing to the whopping numbers in profits and margins it garnered in the previous years as compared to its counterpart categories, the kidswear segme

LONDON - Leading brands and retailers including Boohoo, H&M, VF Corp and Nike will this week give evidence to MPs on the extent to which UK businesses are exploiting the forced labour of Uyghur Muslim prisoners in the Xinjiang region of China.Witnesses from the companies will give evidence on Thursday 5th November to the Business, Energy and Industrial Strategy (BEIS) Committee's inquiry into the use of forced labour in UK value chains.They include Boohoo's group director of responsi

SquadLocker, a custom apparel platform intended to provide athletic uniforms, announces the addition of an expedited checkout and consolidated shipping to its custom store building platform.Image Courtesy: www.squadlocker.comThe shared cart checkout feature will allow the parents, students, alumni and fans to shop from multiple BC High stores with one, consolidated checkout.“Once organisations see the ease of use and how everyone loves purchasing apparel from their custom online store, they buil

Puma, a Germany-based sports company, has announced its third quarter (Q3) financial result for fiscal 2020, ended on September 30. Sales for Q3 FY20 grew 7.2 per cent to €1,583.4 million compared to the sales of €1,477.6 million in the same period previous fiscal. Net earnings for the period rose 13.0 per cent to €113.6 million (Q3 FY19: €100.5 million).Pic: Shutterstock“The third quarter developed much better than I expected. Retail stores reopened, sports events resumed, consumer confidence i

The Spanish fashion house, Mango aims to eliminate all plastic packaging within its supply chain. The set goal is estimated to reduce plastic of over 160 million plastic bags per year from its supply chain.The company states that it hopes the target will put the company on track towards becoming the first Spanish brand in the industry to take direct action against plastic packaging circulation.Toni Ruiz, the CEO of Mango, Stated that they were very pleased to implement the project that helped th

LONDON – Fashion retailer Primark has joined the United Nations’ Fashion Charter for Climate Action committing the company to achieve net-zero greenhouse gas (GHG) emissions by 2050 and a 30 per cent reduction by 2030.Primark has pledged to tackle emissions from across its entire value chain, including ‘Scope 3' emissions outside its own operations which make up the vast majority of its carbon footprint.The company has also agreed to analyse and set a decarbonisation pathway - drawing on met