Laura Ashley is the latest international fashion retail chain that indirectly faces the brunt of the current scenario.The company seeks help from administration to raise funds from the third party investor, or else the chain might crumble.It has been struggling to revive its fashion and home divisions. To avoid its chain from collapsing, the company is seeking funds from third party websites to maintain the liquidity flow.The company currently has 150 stores in UK employing more than 2,700 peopl

Guess Inc.has announcedthe closure of all its retail stores across United States and Canada starting from 17 March– yet another brand that has not been able to escape the wrath of the deadly Coronavirus.Image Courtesy: www.alizila.comThe fashion brand’s stores will stay shut till 27 March.Notably, the retailers havealso temporarily shut theirGuess-operated stores in a number of countries in Europe, whereas in Asia the Guess-operated stores have been reopened.Carlos Alberini, Chief Executive Offi

Mavi, Turkey's leading jeans and apparel brand, posted 22 per cent rise in its consolidated revenues in fiscal 2019 that ended on January 31, 2019 to TL 2.863 billion (TL: Turkish lira) compared to prior year. Net profit over the year increased 33 per cent to TL 134 million. Consolidated e-commerce revenues for the year soared 86 per cent.Pic: Mavi“Mavi's exceptional brand awareness levels, our uncompromising customer focus and approach to quality from material innovation to production t

PARIS - Luxury brand Chanel has pledged to reduce its greenhouse gas emissions by 50 per cent across its own operations, and across its entire supply chain by 40 per cent per unit sold, by 2030.The pledge was made as part of the label's climate change commitment, entitled Chanel Mission 1.5°, in which it spells out its aim to limit global warming to1.5° Celsius above pre-industrial levels in line with the ambitious targets of the 2015 Paris Agreement.The company has made four commitments, ai

The graduating students of Satyam Fashion Institute (SFI), Noida put together a show of 23 different themes celebrating life, women and more on occasion ofat TRIPTYCH 2020. Over 99 students from fashion design, textile design, lifestyle accessories & post graduate diploma in fashion design were part of the show that was held at SFI.Pic: SFIThe glamorous event was choreographed by Rachna Sikka. It provided a platform to showcase ravishing attires designed by graduating batch from scratch unde

Brunello Cucinelli, an Italian luxury fashion brand, posted 9.9 per cent jump in its revenues to €607.8 million in fiscal 2019 that ended on December 31, 2019 compared to €553.0 million in prior year. The company reported 7.1 per cent growth in normalised net income to €49.3 million. Operating income rose from €69.5 million to €83.3 million in FY19.Pic:Brunello Cucinelli"We have defined the past year, 2019, as an excellent one because of the growth enjoyed by our company both from a financi

Debenhams has teamed up with award-winning designer Lucy Tiffney to launch an exclusive cook and dine collection, as part of its home spring/summer 2020 collection that is described as an “explosion of colour and joy”.Tiffney, who founded her design studio in 2016, has designed a colourful botanical print for the exclusive collection that includes tea pots, plates, tea towels, storage tins, mugs and serving dishes.The range has been created with the customer who desires “unique and bold cook and

Can you imagine apparel as sceptic of gender? How about apparelsthat cover innumerable body shapes?Image Courtesy: nike.comConverse’s latest apparel collection called SHAPES is the answer to non-binary apparel fashion as it is genderless, irrespective of body shapes and sizes.The group that embraces the non-binary fashion movement draws inspiration from Chuck Taylor’s unisex shoe.Jonathan Tappan, VP, Global Apparel, Converse believed “When starting design from a non-traditional place, there are

Adidas, global leader in sportswear shoes and accessories,has announced its financials for 2019.The currency-neutral revenues are up by 6per centdespite supply chain shortages,which the company had experienced following a strong increase in demand for mid-priced apparels.In 2019,the company produced over 1.1 billion sports and sports lifestyle products with independent manufacturing partners worldwide and generated sales of € 23.640 billion.Double-digit sales increasedin Greater China and e-comm

WAKEFIELD – Lewis Perkins, president of the Apparel Impact Institute (AII), joins Mike Schragger from the Sustainable Fashion Academy, to outline his vision for accelerating change in the garment industry.Speaking in the first episode of a new season of the Big Closets Small Planet podcast, Perkins outlines the key steps he believes need to happen to ensure significant industry progress is made.He argues the case for why he feels a duplication of efforts could slow progress, and warns against st