Image Courtesy: aeffe.comAeffe, the Italian fashion group that owns Moschino, Pollini and Alberta Ferretti, attained sales of 351.4 million euros in 2019, which is a meagre 1.4 per cent rise from what it was in 2018.In 2018, the fashion group had generated 346.6 million euros.While the sales of ready-to-wear division of Aeffe slumped by 1.3 per cent (262.2 million euros) in 2019, the footwear section witnessed an increase of 8.3 percent (128.2 million euros).As far as markets are concerned, sale

Danish jewellery brand Pandora has pledged to go carbon neutral within the next five years.The Copenhagen-based brand has joined the Science Based Targets initiative - a corporate collaboration for action on climate change - and before the end of next year will publish a plan to reduce emissions across its value chain in line with the Paris Agreement.The target will see Pandora become carbon neutral in its own operations by 2025 - this includes emissions from its crafting facilities, owned and o

Fast fashion brands drop new collections as often as every two weeks, illustrating the fast cycle of manufacturing, buying and disposing of which drives the fashion industry’s wastefulness and polluting impact. In fact, it is estimated that more than half of the fast fashion produced is disposed of in under a year.But it appears that the “elephant in the room” of the fashion world may be gaining the recognition that it deserves. Coming May 2020, the theme of the Copenhagen Fashion Summit will be

Balenciaga said Monday that it intends to enter the elite ranks of Paris haute couture -- more than half a century after the founder of the storied fashion house staged his last couture show.Despite being called "the king of couture," the Spanish-born designer Cristobal Balenciaga spent years feuding with the French Federation of Haute Couture, whose members decide which houses are allowed to call themselves haute couture under French law.he Basque creator, whom Christian Dior deemed &

French fashion label Saint Laurent, part of the Kering Group, will open a new manufacturing site for handbags and wallets outside Florence. The label would move 340 workers to the new 29,000 square-meter site in the industrial district of Scandicci and hire 300 more, president and chief executive officer Francesca Bellettini recently said.Pic: Saint LaurentSaint Laurent signed a 27-year contract with Italian state holding Cassa Depositi e Prestiti to rent out two abandoned buildings that will be

Kim Jones injected a spot of English aristocratic insouciance into the DNA of Dior Friday, with a starry men's Paris fashion week show that riffed on British upper class eccentricity. This was the fabled French label at its most dandyish and decadent, with top coats with velvet collars, trompe l'oeil grey minks and a staggering silver-embroidered opera coat which will retail for 75,000 euros (83,000 US dollars).Jones dedicated the show to his friend Judy Blame, the British stylist and pu

Premier luxury fashion retailerrecently announced a partnership with global supply chain service providerto avail of its third-party logistics (3PL) services to ensure a seamless brand experience for consumers. Aviraté, owned by Sri Lankan apparel maker Timex & Fergasam Group, has five retail stores across Sri Lanka and 12 retail outlets in India.Pic: AvirateThe fashion brand hopes to continue on this trajectory with expansion into Europe, North America and the Middle East in the near future

Luxury fashion house Louis Vuitton is the new owner of a very important diamond: the Sewelo. According to the New York Times, the Sewelo diamond — which weighs 1,758 carats and is the largest diamond, discovered since 1905 — the label’s new purchase signifies a shift in the high-end jewelry market.The purchase follows the, the French parent company of Louis Vuitton—hinting at plans to lead the jewelry industry. However, with a fashion label investing in such a valuable stone, it certainly places

If there is any rejoicing to be had in the world of retail, Boohoo’s stellar performance would be it.The online retailer has reported a surge in sales and impressive revenue growth across geographic regions and across all brands.Nigel Frith, a senior market analyst at www.asktraders.com said: “Boohoo’s outstanding performance comes at a time when consumer confidence is historically low and retail sales are weak. Whilst the UK High Street is experiencing harsh conditions, this purely online retai

German fashion giant Zalando has announced a new partnership with Global Fashion Agenda, a leadership forum for industry collaboration on fashion sustainability.The online retailer is joining the forum as an associate partner along with TAL Apparel and VF Corporation.The partnership comes as part of Zalando’s 'do.More' sustainability strategy. In October, the German retailerincluding a commitment to carbon neutrality across its own businesses, deliveries and returns and a target to be si