Nike, the American sportswear giant, has done it again!Image Courtesy: news.nike.comThe sportswear brand, despite taking the number one position for the 7th successive year, reportedly, saw its value slump by 13 per cent to US $ 30.4 billion – all thanks to pandemic-induced challenges. This was according to yearlyBrand Financeranking.Gucci was at the second spot with a value of US $ 15.6 billion. Notably, Gucci’s value too fell by 12 per cent.Other bigwigs in the Top 20 included Louis Vuitton, a

Diego Della Valle & C Srl, a company controlled by Diego Della Valle, has entered into a sale and purchase agreement with Delphine SAS, a fully-owned subsidiary of LVMH for the sale of 2,250,000 shares of Tod’s SpA, representing 6.8 per cent of Tod’s share capital. The Italian company Tod's, presided by Valle, produces luxury shoes and other leather goods.Pic: Sorbis / Shutterstock.comThe transaction, to be executed on April 28, 2021, reinforces the twenty-year friendship between the Arn

The Christian Dior group, a France-based luxury goods company, has recorded 32 per cent revenue growth to €13.9 billion in its first quarter (Q1) FY21, compared to the revenue of €10.6 billion in the same quarter previous fiscal. Fashion and leather goods segment’s revenue for Q1 FY21 rose 45 per cent to €6.7 billion (Q1 FY20: €4.6 billion).Pic: Christian Dior“The quarter marks a return to growth after several quarters of decline during 2020, a year that was severely disrupted by the global pand

PARIS – French fashion giant LVMH has reaffirmed its close ties with London’s Central Saint Martins College of Art and Design with today’s launch of Maison/0, an incubator platform that will champion design in the pursuit of sustainability.The pair have worked together since 2017, and have an arrangement through which students can gain support and sometimes employment upon the completion of their courses.“The new phase of our partnership enhances our continuous commitment to support students, es

PARIS – French fashion label Ba&sh has unveiled new sustainability commitments covering textiles, plastics, circularity and women’s rights as part of an “ambitious, thorough yet discreet” transformation.The low-profile plans are part of the Parisian firm’s new sustainability strategy, called Blossom Manifesto.Pierre-Arnaud Grenade, chief executive of Ba&sh, said: “In our view, the deep ties that we maintain with our ecosystem can create ripple effects that have a lasting impact on societ

GOTHENBURG - Swedish fashion retailer KappAhl has promised to half its greenhouse gas emissions by 2030 to meet its climate change targets under the Paris Agreement.The pledge is made in the company's new sustainability report which covers an extended period - from 1st September 2019 to 31st December 2020.It also reveals the share of KappAhl's range made using more sustainable materials or by more sustainable methods has increased to 70 per cent, against a goal of 100 per cent by 2025.So

SGS has announced the further strengthening of its testing capabilities by extension of its Softlines laboratory footprint to the eastern region of India. The company has opened a new state-of-the-art testing laboratory in Kolkata, West Bengal. The Swiss multi-national company provides inspection, verification, testing, and certification services.Pic: SGS GroupEquipped with the latest technology and equipment, the laboratory specialises in a comprehensive range of quality tests for fabrics, garm

Global Fashion Group (GFG), the leading online fashion and lifestyle destination in growth markets, has announced the launch of its inaugural Sustainability Report in Southeast Asia. The report highlights the progress achieved by Zalora, against its sustainability targets while also outlining the challenges that have been faced in the last year.Pic: Global Fashion GroupAs part of GFG’s 2022 sustainability targets and Zalora’s sustainability roadmap established in 2020, Zalora has progressively i

Hugo Boss has announced the expansion of its online store. Customers in twelve additional markets, including South Korea, Russia, and the United Arab Emirates, can now explore and shop the latest Boss and Hugo collections online via the group’s online flagship. The leading fashion company from Germany sells clothing, accessories, footwear, and fragrances.Last year, Hugo Boss expanded its online portfolio by a total of 32 stores, further strengthening its own online business. As such, Hugo Boss w

NEW YORK - US fashion retailer J.Crew has announced a new initiative aimed at improving sustainability and corporate social responsibility (CSR) throughout its global supply chain.The company says its 'Re-imagined by J.Crew' campaign will support the United Nations' Sustainable Development Goals (SDGs) and focus on responsible business practices, product innovation and industry partnerships."We know there are many areas of sustainability that are in our power to impact positivel