The global fashion business journal
Jun 1, 20232:40pm
It saved the sector during the financial crisis, when China was a rapidly expanding country, and it does so now thanks to its rapid management of the pandemic.
Italian industrial companies have started to produce face masks, disposable gowns and sanitary packaging due to the spread of the pandemic.
The Chinese company, the world’s largest producer of viscose, has partenered with Swedish company Södra to develop the new fiber.
H&M, VF Corporation or Lululemon closes their stores amid the global spread of the COVID-19 as it increasingly takes over companies’ main markets.
Every day, women take on more important roles in international corporations, a class that is predominantly occupied by men in the industry. However, a shift is transpiring in large groups such as H&M who appointed its first female CEO in January. Gap, as of yesterday, also appointed a new female CEO, and added two members to its board of directors that are women.
Fashion sales, footwear, and sports equipment increased by 3.9% in the last year, to 96 billion dollars.
Tiffany, Chanel or Inditex are some of the major groups in the fashion industry that have filed lawsuits in court to defend the use of their trademark.
In the top ten most transparent luxury company, Hugo Boss really shows who is the boss as it leads the ranking with the highest score against companies such as Louis Vuitton, Dior, Fendi, and many more.
Although surnames like Bezos, Gates, Zuckerberg, Brin, Page or Ballmer are among the first in the list of the richest in the world, the purchasing power has flipped to China, where most rich are concentrated.
Adidas, Reebok or Patagonia lead the list of the most transparent companies in the sector, with a 70% transparency score, according to Fashion Revolution Transparency Index 2019 of Fashion Revolution.
G-Star Raw North America’s head of ecommerce, Brian Best, unveils a few tips that companies should tap into in order to stay up to date with the changes occurring between online platforms and physical stores; “the companies that are doing very well are the ones that are evolving an omnichannel presence.”
The development of the online business in Asia's ginat, China will be marked by real-time videos, cross-border ecommerce or group consumption, according to Coresight Research.
The Spanish company, Mango, signs the Sustainable Apparel Coalition, which is an international alliance within the textile, footwear and clothing industry for sustainable production.
News, analysis and interviews on the key actors of the fashion business