Hermès International SA, a French high fashion luxury goods manufacturer, posted 12.4 per cent revenue growth to €6.8 billion in fiscal 2019 ended on December 31, 2019 compared to €5.9 billion in previous fiscal. The recurring operating income rose 13 per cent to €2,339 million. Net profit jumped 22.2 per cent to €1,528 million over the year. The company reported that it continued to improve the quality of its distribution network, with both store openings, renovation and extension completed on

STOCKHOLM – Fashion giant H&M says it will ask its supply chain to produce personal protective equipment (PPE) to help medical staff tackle the COVID-19 outbreak and use its global networks to deliver them to hospitals as soon as possible..“The Coronavirus is dramatically affecting each and every one of us and we’re, like many other organisations, trying our best to help in this extraordinary situation,” said Anna Gedda, Head of Sustainability, H&M Group.“We see this as a first step in o

In an effort to promote sustainable clothing, HUGO BOSS has introduced a new line of suits that are made of Italian linen rather than traditional wool. The brand also claims that the manufacturing process of the suit doesn’t involve any animal-based materials.Image courtesy: www.lifestyleasia.comThe suits themselves feature a more relaxed silhouette with soft rounded shoulder pads, notched lapels and relaxed-to-slim fit trousers. The suits are available in grey and white colour options that are

Laura Ashley is the latest international fashion retail chain that indirectly faces the brunt of the current scenario.The company seeks help from administration to raise funds from the third party investor, or else the chain might crumble.It has been struggling to revive its fashion and home divisions. To avoid its chain from collapsing, the company is seeking funds from third party websites to maintain the liquidity flow.The company currently has 150 stores in UK employing more than 2,700 peopl

Guess Inc.has announcedthe closure of all its retail stores across United States and Canada starting from 17 March– yet another brand that has not been able to escape the wrath of the deadly Coronavirus.Image Courtesy: www.alizila.comThe fashion brand’s stores will stay shut till 27 March.Notably, the retailers havealso temporarily shut theirGuess-operated stores in a number of countries in Europe, whereas in Asia the Guess-operated stores have been reopened.Carlos Alberini, Chief Executive Offi

Mavi, Turkey's leading jeans and apparel brand, posted 22 per cent rise in its consolidated revenues in fiscal 2019 that ended on January 31, 2019 to TL 2.863 billion (TL: Turkish lira) compared to prior year. Net profit over the year increased 33 per cent to TL 134 million. Consolidated e-commerce revenues for the year soared 86 per cent.Pic: Mavi“Mavi's exceptional brand awareness levels, our uncompromising customer focus and approach to quality from material innovation to production t

PARIS - Luxury brand Chanel has pledged to reduce its greenhouse gas emissions by 50 per cent across its own operations, and across its entire supply chain by 40 per cent per unit sold, by 2030.The pledge was made as part of the label's climate change commitment, entitled Chanel Mission 1.5°, in which it spells out its aim to limit global warming to1.5° Celsius above pre-industrial levels in line with the ambitious targets of the 2015 Paris Agreement.The company has made four commitments, ai

The graduating students of Satyam Fashion Institute (SFI), Noida put together a show of 23 different themes celebrating life, women and more on occasion ofat TRIPTYCH 2020. Over 99 students from fashion design, textile design, lifestyle accessories & post graduate diploma in fashion design were part of the show that was held at SFI.Pic: SFIThe glamorous event was choreographed by Rachna Sikka. It provided a platform to showcase ravishing attires designed by graduating batch from scratch unde

Brunello Cucinelli, an Italian luxury fashion brand, posted 9.9 per cent jump in its revenues to €607.8 million in fiscal 2019 that ended on December 31, 2019 compared to €553.0 million in prior year. The company reported 7.1 per cent growth in normalised net income to €49.3 million. Operating income rose from €69.5 million to €83.3 million in FY19.Pic:Brunello Cucinelli"We have defined the past year, 2019, as an excellent one because of the growth enjoyed by our company both from a financi

Debenhams has teamed up with award-winning designer Lucy Tiffney to launch an exclusive cook and dine collection, as part of its home spring/summer 2020 collection that is described as an “explosion of colour and joy”.Tiffney, who founded her design studio in 2016, has designed a colourful botanical print for the exclusive collection that includes tea pots, plates, tea towels, storage tins, mugs and serving dishes.The range has been created with the customer who desires “unique and bold cook and