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  • PrAna, creator of the Clothing for Positive Change and a leader in sustainable, outdoor fashion, has unveiled the Responsible Packaging Movement (RPM), a programme to inspire and create change towards eliminating plastic from consumer packaging. Since 2010, prAna has taken a grassroots approach to reduce plastic and excess waste in its packaging.Pic: PranaNow, the brand has taken the next step, pledging to eliminate plastic from its consumer packaging by 2021, the use of ancient and endangered f
  • There could be more job losses on the High Street! That may happen if what Frasers Group has warned comes true.Image Courtesy: icsc.comThe UK’s largest sports good retailer, which owns House of Frasers and Sports Direct, among others, has warned landlords that it would shut down more stores, especially of House of Frasers, if rent negotiations fail.The retailer has been working on changing rents from traditional fixed free agreements to sales-based agreements.Frasers Group added that 2020 has be
  • UK-based high street fashion brand River Island will cut 350 more jobs in store management and senior sales roles across its shops as part of a retail team restructure. This follows its announcement last month that it would make 250 head office staff redundant as a cost-cutting measure after the coronavirus pandemic triggered a fall in sales and footfall.Pic: ShutterstockThe decision would allow it to simplify its store management structures and better deliver its multichannel strategy, the comp
  • New Look Retail Holdings Ltd Group in the United Kingdom has agreed with its financial creditors to the key terms of a comprehensive recapitalisation transaction that will extend New Look’s facilities, deliver a new money investment of £40 million and significantly de-leverage the balance sheet. It will have funding to provide a sustainable platform for post-COVID trading.Pic: New Look GroupThe transaction will enable the group to invest in and deliver its strategic business plan, according to a
  • Ever since the fashion and apparel world was hit by the deadly pandemic 6 months ago, the entire retail sector has been plagued by uncertainty and unpredictability arising out of store closures, debts and constant lockdowns.Image Courtesy: diepresse.comWith cases surging in different countries at different times, every country is today on the verge of going into lockdown any time. There isn’t anything more unpredictable and scary than being in such a situation. Retailers are reassessing where to
  • WeDesign has launched the Future Fashion Now design competition, in collaboration with the Ellen MacArthur Foundation and the UN. It is a global, sustainable design competition that enables entrants to rethink how the fashion industry works. The Foundation works to inspire a generation to re-think, re-design, and build a positive future circular economy.Pic: Future Fashion Now / Ellen MacArthur FoundationInspired by Make Fashion Circular and the UN’s Sustainable Development Goals, the competitio
  • Esprit has been facing difficult times much before the pandemic started owing to enfeebled sales and has now warned shareholders that it will be posting a loss of US $ 503.2 million in its annual report slated to release late next month.Image Courtesy: scmp.comThe European entities of the retailer are already under statutory administration and its shares were trading for as low as 12 cents in Hong Kong.Many analysts and investors believe the company has no reason left to continue trading.COVID-1
  • FLORENCE - Italian brand Salvatore Ferragamo has become the first fashion company to receive the expansive SI Rating Silver certification for its progress towards sustainability.The SI Rating, created by Italian start-up ARBalzan, claims to be the first algorithm on a single platform that includes all the tools of the ESG (Environmental, Social and Governance) criteria and the 17 United Nations Sustainable Development Goals (SDGs).Source:Eco Textile
  • H&M has collaborated with Boltware, a Berlin-based wearable tech solution company, to develop Wearable Love – a jean jacket that can mimic the feeling of being touched.Image Courtesy: insideretail.com.auThe development holds relevance in today’s times when social distancing has put restrictions on human beings to hug and touch.And that’s where this collaboration will help!The jacket shoulders are embedded with flexible sensors and tactile elements. The customer first of all needs to download
  • After struggling to make ends meet during recent times and filing for Chapter 11 bankruptcy protection in July, the 200-year-old luxury retailer Brooks Brothers has finally found a buyer.Image Courtesy: rli.uk.comAs brand licensing company WHP Global Inc. bowed out of the race, Brooks Brothers announced that it will be acquired by Sparc Group LLC, a joint venture of Authentic Group and mall-owner Simon Property Group, who raised their offer from US $ 305 million to US $ 325 million.Sparc Group h
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