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The apparel industry must work collaboratively to make real progress in tackling the sustainability challenge ...more...
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Tuesday, July 16, 2019
Stella McCartney sells minority stake to LVMH  (2019-07-16)
  Designer Stella McCartney has has sold a minority stake in her business to LVMH to accelerate worldwide development of her eponymous British luxury fashion brand, and as part of a wider sustainability push at the luxury goods group.
Smart Size Chart taps into individual fit preference  (2019-07-16)
  San Francisco-based fit technology company Bold Metrics has developed a Smart Size Chart that uses machine learning technology to connect shoppers to clothing that fits according to their personal preference
New Gap project to boost social dialogue in Bangladesh  (2019-07-16)
  US speciality apparel retailer Gap Inc has launched a three-year initiative to strengthen social dialogue and industrial relations in all factories that it sources from in Bangladesh.
Bangladesh gas price hike sparks fear among manufacturers  (2019-07-16)
  A swingeing 32.8% hike in the average price of natural gas in Bangladesh from 1 July has stoked anger among clothing and textile manufacturers producers and trade unions, raising concern it could damage the competitiveness of their US$34bn industry. 
New guidelines aim to transform jean production   (2019-07-16)
  Denim experts from around the world have contributed to new guidelines launched today (16 July) to help fashion brands and manufacturers transform the way they produce jeans by tackling waste, pollution, and the use of harmful practices.
Gerry Weber rescued with EUR49.2m cash injection  (2019-07-16)
  Insolvent German women's wear retailer Gerry Weber International has struck an investment agreement with asset management firms Robus Capital Management and Whitebox Advisors in what it calls a "milestone" in securing the company's future.
Lectra acquires fashion analytics firm Retviews  (2019-07-16)
  Technology specialist Lectra has inked a deal to acquire Retviews, whose software helps retailers optimise their product assortment based on an analysis of real-time market and competitor data.
Bonmarche to be de-listed following takeover  (2019-07-15)
  Billionaire businessman and Edinburgh Woollen Mill-owner Philip Day has successfully taken women's value clothing retailer Bonmarché Plc private after his investment vehicle Spectre Holdings closed its takeover of the company with a 93% share.
Clothing to top US back-to-school spend  (2019-07-15)
  As students gear up to go back to school and college, US families plan to spend a record amount on supplies - with clothing and accessories set to top expenses this year.
Sports Direct delays full-year financial results   (2019-07-15)
  UK sportswear retailer Sports Direct is to delay the publication of its full-year financial results due, to the complexities of integrating the House of Fraser business and its uncertain trading performance.
EU ministers urge faster action on circular economy plan  (2019-07-15)
  Environment and climate ministers have said the EU must speed up its policy on the circular economy in order to mitigate climate change and halt the loss of biodiversity. 
BGMEA joins Fashion Industry Charter for Climate Action  (2019-07-15)
  The Bangladesh Garment Manufacturers & Exporters Association (BGMEA), the trade body for the country's export-oriented apparel manufacturers, has joined the Fashion Industry Charter for Climate Action.
GLG Corp sells Vietnam factory to Dragon Crowd Garment  (2019-07-15)
  The Singapore subsidiary of Australian-listed knitwear supplier GLG Corp Ltd is to sell its Vietnam garment manufacturing factory to Chinese apparel maker Dragon Crowd Garment.
Stores set for more active role in the supply chain  (2019-07-15)
  Bricks and mortar retail stores are set to play a more active role in the supply chain as they shift toward becoming centres of order fulfilment, new research suggests.
Responsible Down Standard gets "most substantial" update  (2019-07-15)
  The latest update of the Responsible Down Standard is described as the "most substantial revision" since its launch in 2014, and includes the mandatory euthanasia of sick or injured birds in order to prevent suffering, and stunning before slaughter.