Report: Abercrombie to Seek Fresh Backers for China Business
The US-listed company is conducting a review of its Chinese assets and may sell a stake in the unit, which could be valued at several hundred million dollars, Bloomberg reported.
manufacturing
Retail
Kanye West Wants to Bring Yeezy Production to Wyoming
The town of Cody, with virtually no textile industry currently, is expected to produce footwear and apparel for Yeezy's partnerships with Adidas and Gap.
Kanye West Wants to Bring Yeezy Production to Wyoming
The town of Cody, with virtually no textile industry currently, is expected to produce footwear and apparel for Yeezy's partnerships with Adidas and Gap.
Sustainability
How to Avoid the Next Supply Chain Shock
Disruptions caused by Covid-19 have redoubled concerns about vulnerabilities in fashion’s manufacturing base, accelerating efforts to build more resilient and efficient operations.
How to Avoid the Next Supply Chain Shock
Disruptions caused by Covid-19 have redoubled concerns about vulnerabilities in fashion’s manufacturing base, accelerating efforts to build more resilient and efficient operations.
China
As China Reopens, Factories Fire up but Jobs Gloom Keeps Consumers at Home
Industrial production climbed 3.9 percent in April from a year earlier.
As China Reopens, Factories Fire up but Jobs Gloom Keeps Consumers at Home
Industrial production climbed 3.9 percent in April from a year earlier.
Retail
Italy Prepares to Ease Lockdown and Reopen Businesses
The prime minister gave the most detailed outline yet of plans to reopen the economy, in a newspaper interview ahead of the government's roadmap out of lockdown.
Italy Prepares to Ease Lockdown and Reopen Businesses
The prime minister gave the most detailed outline yet of plans to reopen the economy, in a newspaper interview ahead of the government's roadmap out of lockdown.
Global Markets
Global Garment Industry Calls for Support for Manufacturers
Major brands including H&M and Adidas are working with the International Labour Organisation to commit to paying factories for finished goods.
Global Garment Industry Calls for Support for Manufacturers
Major brands including H&M and Adidas are working with the International Labour Organisation to commit to paying factories for finished goods.
Global Markets
Italy's Fashion Industry Urges Rome to Lift Restrictions on Production
Leaders say not reopening shortly to produce the autumn/winter collections would mean missing almost a year's worth of turnover.
Italy's Fashion Industry Urges Rome to Lift Restrictions on Production
Leaders say not reopening shortly to produce the autumn/winter collections would mean missing almost a year's worth of turnover.
China
Chinese Manufacturing Recovering, but Demand Now a Concern
A European business group warned shutdowns in the rest of the world are threatening the supply of key parts and demand.
Chinese Manufacturing Recovering, but Demand Now a Concern
A European business group warned shutdowns in the rest of the world are threatening the supply of key parts and demand.
News & Analysis
Time to Start Again? Italy—Fashion’s Artisan Heart—Is Ready To Try
"The Italian fashion industry presented an open letter to Prime Minister Conte in which it signaled its readiness to restart."
Time to Start Again? Italy—Fashion’s Artisan Heart—Is Ready To Try
"The Italian fashion industry presented an open letter to Prime Minister Conte in which it signaled its readiness to restart."
Global Markets
Bangladesh to Lose Billions in Export Revenue
The second-largest apparel producer after China is set to lose $6 billion in export revenue as the world's largest retailers cancel orders, jeopardising millions of jobs in the poor South Asian nation.
Bangladesh to Lose Billions in Export Revenue
The second-largest apparel producer after China is set to lose $6 billion in export revenue as the world's largest retailers cancel orders, jeopardising millions of jobs in the poor South Asian nation.
Retail
Want to Make Masks for Healthcare Workers? Here’s What You Need to Know
A growing number of apparel makers are attempting to manufacture protective gear in the fight against coronavirus. While the items are easy to sew, the process isn't simple.
Want to Make Masks for Healthcare Workers? Here’s What You Need to Know
A growing number of apparel makers are attempting to manufacture protective gear in the fight against coronavirus. While the items are easy to sew, the process isn't simple.
Luxury
Chanel to Produce Surgical Masks for France
The Parisian house, which had temporarily closed production sites in France, Italy and Switzerland due to coronavirus, said it would start manufacturing protective gear once prototypes were approved.
Chanel to Produce Surgical Masks for France
The Parisian house, which had temporarily closed production sites in France, Italy and Switzerland due to coronavirus, said it would start manufacturing protective gear once prototypes were approved.
China
China and the US Signed a Trade Truce. Who Now Benefits?
Yesterday's deal doesn’t signal an end to the trade conflict. While some fashion players will get a reprieve from tariffs, others will not be so lucky.
China and the US Signed a Trade Truce. Who Now Benefits?
Yesterday's deal doesn’t signal an end to the trade conflict. While some fashion players will get a reprieve from tariffs, others will not be so lucky.
The News in Brief
Chanel Sales Up 16% in First Half
Chanel’s sales are accelerating after returning to growth last year, Bloomberg reported citing an unnamed source. Beauty sales rose 8 percent.
P&G to Buy Supplement Maker Thorne for $3.8 Billion
Shailesh Jejurikar, chief executive of the American personal care conglomerate, told CNBC it will acquire the line from LVMH-backed private equity firm L Catterton.
Eli Lilly to Offer Early Access to Next-Gen Obesity Drug to Some Patients
Eli Lilly said on Monday it would allow a limited number of patients to have early access to its experimental obesity drug, retatrutide, before its US FDA approval.
India’s Nykaa Posts Higher Quarterly Profit on Strong Beauty Demand, Fashion Growth
India’s FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, reported a more than three-fold rise in quarterly profit on Tuesday, boosted by strong growth in its beauty business and a sharp acceleration in fashion sales.
Ferragamo Returns to Profit as Relaunch Strategy Advances
The Italian luxury brand swung to a net profit for the first half after growing sales in the second quarter, with turnaround efforts particularly evident in its directly owned shops.
Shein Seeks $30 Billion to $40 Billion Valuation for August IPO, Sources Say
The valuation target marks a dramatic reset for Shein, which plans to launch its IPO as early as mid-August, three people familiar with the matter said.
Zalando Narrows Profit Outlook, Sees Growth at Lower End of Range
The online fashion retailer said 2026 revenue and growth will land in the lower half of its previously guided range and narrowed its adjusted operating profit outlook.