Nogin, a specialist in outsourced e-commerce for major fashion and consumer product companies, has acquired women's clothing company and online retailer ModCloth for an undisclosed sum from brand investment platform Go Global Retail.
The Apparel Impact Institute (Aii), an environmental accelerator for the apparel and footwear industries, has partnered with Italian non-profit Legambiente to implement its programme to accelerate and realise positive environmental impacts in Italy's supply chain.
Hugo Boss experienced a continued sales decline during Q1 FY2021, with revenue falling by EUR58m to EUR497m (US$599m), despite being up against weak comparatives last year, when most markets were approaching the initial peak of the virus.
The European Apparel and Textile Confederation (Euratex) says it welcomes the upcoming revision of the EU Industry Strategy but is urging consistency across EU policies as it grows increasingly concerned textile and apparel companies are facing significant challenges related to over-regulation and raising energy and supply costs.
US specialty clothing retailer Gap Inc has struck a deal to sell Intermix to private equity firm Altamont Capital Partners in another move under its Power Plan 2023, which sees the group focus on its core portfolio.