Indian exporters look to expand in Africa to dodge 50% US tariff
Indian businesses are looking to expand production in Africa for exporting to the US, after…
Burberry Q3 stays positive, “momentum now extending to” bags, RTW
Burberry delivered a Q3 trading update on Wednesday in which it said it “continued to build momentum”. The numbers were generally positive, while not spectacular, but were clear evidence of the turnaround continuing. Read More
Sluggish UK and Europe offset “resilient” US sales for JD Sports
JD Sports has faced some struggles in recent periods but in its Q4 update on Wednesday it said it saw “resilient” peak trading but a tough consumer backdrop and expects full-year profit to be in line with expectations. Read More
South Africa’s booming $4 billion beauty market a key battleground for retailers
South Africa’s $4 billion beauty market is fast becoming a key battleground for retailers grappling with a sluggish economy, weak consumer confidence, and intensifying competition. Read More
Louis Vuitton returns as title partner of the 2027 America’s Cup in Naples
Louis Vuitton has renewed its commitment to the America’s Cup, and will once again serve as title partner of the 38th edition of the sailing competition, set to take place in Naples in 2027. Read More
Platinum is said to mull sale of Hong Kong lingerie, swimwear firm Hop Lun
Platinum Equity is considering options for lingerie and swimwear maker Hop Lun, including a possible sale, according to people familiar with the matter. Read More
Reju to establish its first US textile regeneration centre in Rochester
After unveiling its plans for an industrial textile recycling facility in the Netherlands, Reju has now announced its intention to establish a site in New York State, US. Read More
The Denim Lab project examines the environmental impact of denim at Milan Fashion Week
The project and its guest designers will be at Fondazione Sozzani on January 27 and 28 for an edition devoted to the future of sustainable denim and to water management in the textile industry. Read More
GoldenTree to buy about $200 million of Saks Global bankruptcy financing, Bloomberg News reports
Global asset management firm GoldenTree will buy a chunk of a $1 billion bankruptcy financing for luxury retailer Saks Global, Bloomberg News reported on Tuesday, citing people familiar with the matter. Read More
Animer launches as French citizen-led union championing regenerative fashion
Founded by eight collectives, the Animer union seeks to champion an alternative societal vision to the one shaping fashion today, and intends to highlight the sustainable initiatives already under way in France. Read More
Paris Menswear Tuesday: Études Studio, Auralee
Two indie fashion brands, Auralee from Japan and Études Studio from France, staged highly contrasting collections on the opening day of Paris Fashion Week Men, testifying to the dynamism of the French capital. Read More