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The global fashion business journal

23 Aug 201902:54

h By Mds
22 Aug 2019 — 16:35
Inditex, H&M and Kering go to the G7 to seal agreement in sustainability

More than twenty fashion and luxury giants confirmed their attendance to the G7 Summit in Biarritz, France to create a path towards a more sustainable industry.

h By Mds
22 Aug 2019 — 16:10

The American sportswear company, specialized in outdoor apparel and footwear, ended its fiscal year 2018 with a revenue of 2.8 billion dollars (2.5 billion euros).

h By Mds
22 Aug 2019 — 16:00
L Brands drops 47% its benefit during first half

The owner of Victoria’s Secret ended its first half with a net benefit of 77.8 million dollars, compared to the 146.5 million dollars last year.

h By Mds
22 Aug 2019 — 16:00
Urban Outfitters shrinks its net benefit 30% in H1

The American retail giant closed the first half of its fiscal year, ended 31st of July, with a revenue of 1.8 billion dollars.

h By Silvia Riera/ Daniela García
22 Aug 2019 — 09:00

After three decades on the low, the industry started reassembling and picks up its pieces to face a new era of sustainability and digitalization. 

Industry picks up its pieces after the fall, to face a new era or sustainability and digitalization. The brake out that came after the financial crisis ended up with the closure of companies that where already crashed after two decades of the delocalization of manufacturing. Closures continued during the economical crisis, as well as restructurations and acquisitions. With this last move, the industry put a stop of three decades on the low.

h By Mds
21 Aug 2019 — 16:40

The flavors and fragrance creator, has purchased Fragrance Oils, located in Radcliff, with a team of 250 employees and presence in more than 90 countries.

h By Mds
21 Aug 2019 — 16:15
Tod’s founder increases voting stake to 81%

The Italian businessman Diego Della Valle did this operation through the acquisition of 2.4 million shares to Credit Agricole.

h By Iria P. Gestal/ Daniela García
21 Aug 2019 — 09:00
h By Mds
20 Aug 2019 — 16:49
Pandora reduced its benefit by half during Q2

The Danish jewelry group closed its second quarter, ended 30th of June, with a net benefit of 327.5 million dollars (295,3 million euros).

h By Mds
20 Aug 2019 — 16:33

The department store’s creditors have approved another year of administration, exactly one year after acquisition by Sports Direct. Mike Ashley stated its problems as “nothing short of terminal in nature”.

h By Mds
20 Aug 2019 — 16:20

The retail and sportswear giant expect to end 2020 with 270 establishments in the country hand in hand with its local partner, Gresvig.

h By Mds
20 Aug 2019 — 16:01
Asos asks its suppliers for price-cuttings

The British marketplace has asked 3% reduction to its suppliers to “fuel joint growth” and compensate the investments in logistics, sustainability and marketing.

h By Mds
20 Aug 2019 — 16:00
Hudson’s Bay: minority share takes 10% of the capital

The Canadian group The Catalyst Capital Group has extended its share in the department stores groups in an operation valued in 140.6 million dollars (126.8 million euros).  

h By Carmen Juárez/ Daniela García
20 Aug 2019 — 09:00

Besides giants of the sector in Spain, other fashion players in the country also created goals for 2020 to reinforce their commercial network or double their revenue. 

h By Mds
19 Aug 2019 — 18:40
Trade war between USA and China hits right into fashion

Donald Trump tariff increase starting September 1st, represents 77% of textiles, garment and footwear, according to the spokesperson of the sector in United States. 

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