Indian e-retail market may see 250% growth in 3 years- Crisil report

The online shopping segment has trebled over the past three fiscals due to rising Internet penetration, awareness of online shopping as well as alluring deals and discounts.”After…

Hind’s Holding Industriale acquires embroidery specialist Rilievi

The deal, of which the amount was not disclosed, was finalized via its subsidiary Holding Moda which now holds the majority stake of the Bologna-based company, renowned…

Israel bans sale of fur in fashion trade

“Commerce in animal fur, imports and exports, will be banned except for the needs of research, study or certain religious traditions,” the environment ministry said.Fur is used…

Hermès and Selfridges leave the Fashion Pact, now co-chaired by H&M CEO Helena Helmersson

These are brands that have already been engaged in CSR strategies for many years, and which have left the Fashion Pact because of the little progress they…

Large numbers of consumers distrust brands on eco issues

Sustainability is increasingly important for consumers when choosing a brand to buy from, with 39% wanting to see brands using sustainably sourced materials, reducing company CO2 emissions…

Kering to transfer the majority of its Swiss logistics operations to Italy

Following a lawsuit for tax fraud in relation to the Gucci label, the group, owned by François-Henri Pinault, announced some days ago that it would pay the…

Luxury industry pessimistic about rapid recovery from Covid-19 crisis

The fashion and luxury industries have been severely affected by the Covid-19 pandemic. Between January 1 and March 18 2020, the sector lost nearly 30% of its…

Kmart fends off trademark suit over Risewear basketball brand

Last year, Rise Basketball Skill Development LLC (“Rise”) sued Kmart Corp., it’s parent company Sears Holdings Management Corp., and Risewear LLC (“Risewear”) in California federal court for…

M-commerce and social media key for fashion e-shopping – report

The company said on Tuesday that consumers are continuing to migrate to internet shopping, especially doing so from home, due to the ease of comparing prices (54%),…

Major brands fail to join Bangladesh factory safety accord

The new pact is a three-year extension of the Bangladesh Accord, a legally-binding agreement between global brands and trade unions drawn up after the Rana Plaza collapse,…