Kering's luxury labels may have boosted supply chain transparency but many luxury firms are falling short, Fashion Revolution claims. And the most transparent fashion labels of all? Sports giants Adidas and Reebok.
Steinhoff remains in a “tough position” and is talking to creditors about restructuring debt, the company said on Friday at its first shareholder meeting since an accounting scandal was uncovered in December.
Amazon expects groceries and household products to account for over half of its business in India in the next five years, as it moves to broaden offerings in the segment and foray into areas such as fresh produce.
Belgian lingerie group Van de Velde, which was banking on modest growth in 2018, has revised its outlook down, and is now expecting sales to be stable at best, if not in decline over the course of the year.
OTB, the holding company of Italian fashion billionaire Renzo Rosso, quadrupled its Earnings Before Interest and Tax (EBIT) to €21.5 million in 2017. Though total group revenue slid 2.4 percent over the same 12 months.
Farfetch has been a major retail disruptor in its relatively short history and now the company is setting out to find the next wave of tech firms with a start-up incubator that’s also being supported by Burberry.
The Anglo-Dutch consumer giant and maker of Dove beauty products revealed on Thursday that its Q1 sales fell compared to last year, announcing a $7.4 billion buy-back scheme ahead of the spin-off of its spreads division.
Q4 proved difficult for Bonmarché Holdings but the company preferred to focus on achieving its profit goals for the year and its impressive online sales rise when it released a trading update on Friday.