Reformation Valued at $886 Million in NYSE Debut
The Permira-backed womenswear retailer and some of its shareholders had raised $211 million in its IPO on Wednesday, with shares opening at $15 apiece.
manufacturing
Sustainability
Shein Tops Up Supply Chain Fund With $55 Million and a Focus on Faster, More Efficient Manufacturing
The ultra-fast-fashion giant plans to spend $70 million over the next five years to train and support suppliers and develop leaner production models.
Shein Tops Up Supply Chain Fund With $55 Million and a Focus on Faster, More Efficient Manufacturing
The ultra-fast-fashion giant plans to spend $70 million over the next five years to train and support suppliers and develop leaner production models.
Luxury
Italy’s Prada to Invest €60 Million to Help Boost Production Capacity
Italy’s Prada is planning to spend €60 million ($66 million) on industrial capital investments this year, a large chunk of which will help double the size of its knitwear factory in Torgiano, in the central region of Umbria, the luxury group’s industrial director said on Thursday.
Italy’s Prada to Invest €60 Million to Help Boost Production Capacity
Italy’s Prada is planning to spend €60 million ($66 million) on industrial capital investments this year, a large chunk of which will help double the size of its knitwear factory in Torgiano, in the central region of Umbria, the luxury group’s industrial director said on Thursday.
Sustainability
Investors Call on Fashion Brands to Join Worker Safety Initiative Ahead of Rana Plaza Anniversary
More than 190 investors representing $1.3 trillion in assets under management urged fashion brands to join the International Accord, a legally binding worker safety agreement, in a joint statement Thursday.
Investors Call on Fashion Brands to Join Worker Safety Initiative Ahead of Rana Plaza Anniversary
More than 190 investors representing $1.3 trillion in assets under management urged fashion brands to join the International Accord, a legally binding worker safety agreement, in a joint statement Thursday.
Sports
African Sneaker Brands Go Global
Big hitters and scrappy start-ups in Kenya, Nigeria, Senegal and South Africa are vying for a share of the $152 billion global sneaker market.
African Sneaker Brands Go Global
Big hitters and scrappy start-ups in Kenya, Nigeria, Senegal and South Africa are vying for a share of the $152 billion global sneaker market.
Technology
Zegna’s Made-To-Measure Business Is Getting a Tech Upgrade
Its new digital tool makes it easier for clients to customise products in any combination of colours and fabrics they like, as long as they don’t try to mix a pink jacket with yellow pants.
Zegna’s Made-To-Measure Business Is Getting a Tech Upgrade
Its new digital tool makes it easier for clients to customise products in any combination of colours and fabrics they like, as long as they don’t try to mix a pink jacket with yellow pants.
Retail
Nordstrom, Dillard’s Garment Suppliers in Violation of Wage Laws in California
Southern California’s garment factories are facing scrutiny for underpaying workers who make clothing for some of the nation’s top retailers, including Nordstrom Inc. and Dillard’s Inc.
Nordstrom, Dillard’s Garment Suppliers in Violation of Wage Laws in California
Southern California’s garment factories are facing scrutiny for underpaying workers who make clothing for some of the nation’s top retailers, including Nordstrom Inc. and Dillard’s Inc.
Luxury
Prada Aims to Hire Over 400 Workers in Italy This Year
Prada aims to hire more than 400 people in Italy by the end of the year to strengthen its production capacity and maintain growth, the Italian luxury group said on Thursday.
Prada Aims to Hire Over 400 Workers in Italy This Year
Prada aims to hire more than 400 people in Italy by the end of the year to strengthen its production capacity and maintain growth, the Italian luxury group said on Thursday.
Sustainability
Tapestry Invests in Alternative Leather Company Gen Phoenix
The startup is known for a material that combines recycled leather with polyester fibres.
Tapestry Invests in Alternative Leather Company Gen Phoenix
The startup is known for a material that combines recycled leather with polyester fibres.
Technology
Why Fashion Companies Are Creating Virtual Versions of Their Supply Chains
A digital twin of the supply chain that lets brands optimise their operations, minimise costs and increase speeds might sound like a distant dream, but companies including denim manufacturer Saitex are trying to make it a reality.
Why Fashion Companies Are Creating Virtual Versions of Their Supply Chains
A digital twin of the supply chain that lets brands optimise their operations, minimise costs and increase speeds might sound like a distant dream, but companies including denim manufacturer Saitex are trying to make it a reality.
Workplace & Talent
Conscious Marketplace Powered By People Raises $13.6 Million
The wholesale platform connecting buyers from companies like Banana Republic and West Elm with small-batch producers around the world is looking to scale and expand its tech tools.
Conscious Marketplace Powered By People Raises $13.6 Million
The wholesale platform connecting buyers from companies like Banana Republic and West Elm with small-batch producers around the world is looking to scale and expand its tech tools.
Sustainability
Garment Workers Demanding Unpaid Wages From Nike Take Their Fight to the World Stage
A group of 20 garment-worker unions and two labour-rights groups have filed a complaint alleging the sportswear giant’s treatment of workers and unpaid wages violate OECD guidelines for responsible business conduct.
Garment Workers Demanding Unpaid Wages From Nike Take Their Fight to the World Stage
A group of 20 garment-worker unions and two labour-rights groups have filed a complaint alleging the sportswear giant’s treatment of workers and unpaid wages violate OECD guidelines for responsible business conduct.
Partner Content
How Can the Fashion Industry Accelerate Systems Change?
Partnering with Copenhagen Fashion Week, BoF invited market leaders including Pascal Morand, Julie Gilhart, Ganni co-founder Nicolaj Reffstrup, EU Parliamentary Committee chair Dr Christian Ehler, journalist Clare Press, executives from Renewcell and Lenzing, and others from across the value chain, to work together towards actionable solutions capable of urgently altering the industry’s ecological impact.
How Can the Fashion Industry Accelerate Systems Change?
Partnering with Copenhagen Fashion Week, BoF invited market leaders including Pascal Morand, Julie Gilhart, Ganni co-founder Nicolaj Reffstrup, EU Parliamentary Committee chair Dr Christian Ehler, journalist Clare Press, executives from Renewcell and Lenzing, and others from across the value chain, to work together towards actionable solutions capable of urgently altering the industry’s ecological impact.
The News in Brief
Puig Reports First-Half Revenue Growth After Estee Lauder Talks End
The Spanish beauty company reported first-half revenue growth on strong demand for makeup from Charlotte Tilbury.
Canada Goose Beats Revenue Estimates as Demand Holds Up
The outerwear brand beat expectations for first-quarter revenue, but new US tariffs on Canadian could affect future earnings.
Steven Madden Tops Expectations and Lifts Full-Year Outlook
The retailer raised its full-year revenue forecast again as its integration of luxury brand Kurt Geiger last year provided a tailwind.
Reformation and Its Backers Raise $210.9 Million in IPO
The womenswear brand and shareholders including private-equity backer Permira raised new funds in an IPO that priced shares at the bottom of the marketed range.
Adidas Shares Plunge After World Cup Spend Dents Profit
Shares in the company fell the most on record after its marketing outlay for the World Cup resulted in lower-than-expected quarterly profit.
British Fashion Council to Boost UK Fashion Beyond London
The new national initiative, Fashion Britain, aims to increase growth, innovation and participation in the industry across key cities.
Hermès’ Chief Watches China’s Pork Prices to Gauge Luxury Demand
When it comes to gauging the possibility of a sales rebound for his luxury group in China, Hermès executive chairman Axel Dumas turns to an unusual metric.