The continuous commitment to innovation at Van de Velde, aimed at unique comfort and fit, resulted in a fiscal stimulus. This resulted in a reduced effective tax rate of 11.9 per cent during fiscal 2018 as compared to 28.6 per cent during last year. Retail turnover on like-for-like store basis during 2018 at constant exchange rates increased 2.5 per cent. Pic: Van de Velde The wholesale turnover on comparable basis decreased 0.6 per cent at constant exchange rates. A decrease in lingerie was

The Copenhagen Fashion Summit 2019, a business event on sustainability in fashion to be held on May 15-16, has lined up eight influential names for the programme as speakers. In partnership with group of strategic partners like Kering, H&M, Target, Bestseller, Li & Fung, and Sustainable Apparel Coalition, Global Fashion Agenda leads the fashion industry. Baptiste Carriere-Pradal, the vice president of Sustainable Apparel Coalition, drives and organises widespread change in the appare

CHIC China international fashion fair will host 1,365 national and international exhibitors from 16 countries from March 12-14, 2019. It will be held at 117,200 square metres of exhibition space at the National exhibition and convention centre in Shanghai. It is recognised as the promoter and partner of the Chinese fashion industry and market development. Pic: Chic China The designer section Impulses is fully booked, CHIC-TAILORING celebrates its premiere at the upcoming CHIC and presents h

12 ReTech Corporation has announced that it has completed the planned acquisition of Salt Lake City’s apparel manufacturer, Red Wire Group, LLC. A profitable and efficient 'Cut and Sew' manufacturer, Red Wire Group that will greatly benefit from the excess capacity of 12 ReTech’s Emotion Fashion Group facility located less than 100 yards away. Pic: Red Wire Group "We are pleased to add the Red Wire team to our own operations. Their activities which in FY18 generated approximately $650K in re

A tribute to industrial production, innovation and colour, the Rainbow Machine was United Colors of Benetton's first runway show at the ongoing Milan Fashion Week, under the artistic direction of designer Jean-Charles De Castelbajac. The runway featured actual knitting machines in a set with enormous close-ups of products photographed by Oliviero Toscani. The fashion event will conclude on February 25. Milan Fashion Week is dubbed as the most prestigious fashion event organised by the leading

The e-commerce sales during fiscal 2019 at Walmart US soared 40 per cent, driven by Net Promoter Score and the continuous improvement in Customer Value Index. For full-year 2019, total revenue was $514.4 billion, an increase of $14.1 billion, or 2.8 per cent. Excluding currency, total revenue was $515.1 billion, a rise of $14.8 billion, or 3 per cent. Pic: Walmart USADuring the fourth quarter of fiscal 2019, total revenue was $138.8 billion, an increase of $2.5 billion, or 1.9 per cent. Exc

Courtesy: MODA UKMODA, the UK’s fashion trade event being held from February 17-19, 2019, has collaborated with De Montfort University Footwear Design BA (Hons) course for the inaugural History in the Making Footwear Design Competition. It showcases young talent and the future of footwear design. Dimitri Gabellier has been named as the winner of the competition. The History in the Making brief asked entrants to design and develop a range of footwear that interprets the broad spectrum of ‘her

Courtesy: SuitsupplyPrivate equity firm NPM Capital has strengthened its participation in Suitsupply by providing further growth capital. At the end of 2017, NPM Capital invested a first tranche, which allowed Suitsupply to open 25 stores and grow the organisation. Commercially, the company is developing well. Global sales have grown, particularly in the US and Asia. The Suistudio women's line has been expanded with stores in Milan, Shanghai, Frankfurt and New York. Furthermore, Suitsupply is

Courtesy: JLM CoutureWedding dress designer Hayley Paige has unveiled a social media influenced diary-style series called Just Got Paiged. It was announced by JLM Couture. The episodes will appear twice a week on the platform. The series features a behind-the-scenes look at Hayley's creative processes, her background as a designer, as well as tips and trends for brides-to-be. Other episodes in the series will include what to expect from a luxury wedding gown and shopping experience, as well

Haute Hijab Co-Founder & CEO Melanie Elturk/Courtesy: PR NewswireHaute Hijab, a direct-to-consumer fashion and lifestyle brand for Muslim women, has concluded a $2.3 million Series Seed financing round led by Cue Ball with participation from Ludlow Ventures, Sinai Ventures, Maveron, Muse Capital, AngelList, and The Helm. The funds will be used to help Haute Hijab accelerate growth and extend its competitive lead. By elevating the hijab category and creating an engaged online community of