Salvatore Ferragamo, a luxury goods company, approved its financial result for first half (H1) FY20 ended on June 30, 2020. Revenue for the six months period fell 46.6 per cent to €377 million compared to revenue of €705 million in the same period previous fiscal. Company incurred a net loss of €86 million compared to net profit of €60 million in H1 FY19.Gross profit for H1 FY20 was €225.9 million (H1 FY19: €456.8 million). The operating loss for the quarter was registered of €74.4 million compa

Burberry, global luxury brand, has collaborated with live video streaming service Twitch for its BurberrySpring/Summer 2021show which will be live streamed on September 17 on Burberry’s Twitch account. The show, set in the British outdoors, will use Twitch’s Squad Stream functionality, with Burberry hosts live streaming the show in one window.Pic: BurberryThis will provide virtual guests with the ability to view multiple perspectives of the show at once and converse through Twitch’s chat functio

Athletic and lifestyle footwear retailer The Athlete’s Foot has ventured into apparels for the first time with a new category, selling activewear and performance wear clothing on its website.Image Courtesy: franchising-today.comThe brand is ready to host the products from the likes of ASICS, Puma, adidas, New Balance, New Guard, 2XU and On Running, amongst others.The activewear category will also include accessories such as socks, massage balls, exercise bands and bags from the same brands.Addit

Swedish apparel firm H&Mrecently announced ending its ties with a Chinese yarn producer over accusations of ‘forced labour’ involving ethnic and religious minorities from the Xinjiang province. It didn't work with any garment factories in the region and wouldno longer source cotton from Xinjiang, China's largest cotton growing zone, the retailer said.Pic: ShutterstockA March report by the Australian Strategic Policy Institute (ASPI) had mentioned H&M as one of the beneficiaries o

Inditex Group, a Spanish fashion retailer, has reported 37 per cent sales decline to €8.0 billion in its first half (H1) of fiscal 2020 ended on July 31, 2020, compared to the sales of €12.8 billion in the same period previous fiscal. During the six months period, group incurred a net loss of €198 million compared to net income of €1.5 billion in H1 FY19.Pic: ShutterstockAccording to company’s report, total sales were boosted by strong online growth, which reached 74 per cent year on year during

The global export of coats has registered 18.5 per cent growth to $17,750.69 million in 2019 compared to $14,979.30 million in 2017. However, total exports surged 1.38 per cent in 2019 over the previous year, according to data from TexPro. Further the exports is expected to move up to $18,078.44 million in 2022 with a rate of 1.85 per cent from 2019.Pic: ShutterstockThe global import value of coats was $17,058.44 million in 2017, which surged 11.66 per cent to $19,047.27 million in 2019, accordi

This summer, exhibitors from Messe Frankfurt France have joined the digital platform of Texworld Evolution Paris. The organisers reported that since September 1, exhibitors can present their collections, and know-how to international buyers through a complete digital networking solution: virtual showroom, matchmaking function, definition of needs, etc.This digital tool developed in partnership with Foursource was designed to meet the expectations and needs of all professionals in the fashion ind

WASHINGTON – The Fashion Industry Charter for Climate Action has today launched a new ‘playbook’ to enable actors in the fashion supply chain to identify what climate actions to take and which initiatives could support them on the road to decarbonisation.The new playbook is primarily intended for small and medium-sized fashion companies that have yet to take any action on climate change, but who want to join larger players in the sector to deliver 'net zero emissions' by 2050.Officiallyl

As a perfect example of major diversity and inclusion in the world of fashion, US designer brand Tommy Hilfiger has announced its first hijab line. The light, the gray hijab has a strenuous and comfortable shimmer and a gentle lurex cord. The mosaic-style TH initials are displayed in a block pattern and the branding of Tommy Hilfiger runs on a strip at the top. The hijab of the fashion brand of luxury designers has entered the markets in select Tommy Hilfiger stores and is available digitally an

MINNEAPOLIS - 3D printer manufacturer Stratasys is working with fashion designers through the European Union funded Re-FREAM project to make the production of fashion more sustainable.The company's PolyJet 3D printing technology played an integral role in designer Julia Koerner's new ARID collection which focuses on material efficiency and sustainability.The ARID collection, which does not involve any sewing, consists of 38 3D printed parts that can assembled into a full-length dress or