Shipping companies Face Brunt of Ukraine Russia War
The ongoing war between Ukraine and Russia has left shipping companies in India in crisis. The shipping activities in Northern black sea are closed and...
Category : Global
M&S Invests Acquires Active wear Brand
M&S has made a “strategic investment” in online activewear business. The company known as The Sports Edit was a “complementary ecommerce platform well positioned in...
Uniqlo Suspends Operations in Russia
Uniqlo temporarily suspended its operations in Russia following its invasion of Ukraine. Uniqlo has now backtracked on its decision to keep its Russian stores open...
ARCADIA’S FLAGSHIP BRANDS TOPSHOP & TOPMAN VALUE DROPS BEFORE BUYOUT
Topshop, Miss Selfridge and Dorothy Perkins are reportedly now worth about half their £800 million value, following the parent company Arcadia’s administration. Arcadia’s retailers were...
Inditex delivers €866 million net profit in the third quarter, and reaches historic net cash position
The company has managed to turn around the impact caused by the Covid-19 pandemic, generating a net profit of € 671million in the nine months...
CIRCULAR FASHION ECONOMY TO BE WORTH $5 TRILLION
FAST-GROWING MOVEMENT TO REUSE AND RECYCLE TO IGNITE GROWTH The New Circular Fashion Report estimates, the potential value of fashion’s circular economy to be $5...
Debenhams stores set to close.
12,000 Jobs At Risk After the failure of last-ditch efforts to rescue the ailing store chain Debanhams has announced its closure. It means all 12,000 employees...
Can UAE be a potential market for apparel exports?
United Arab Emirates (UAE) is been seen as an important market for Indian apparels as there is huge untapped potential for increasing exports. Speaking at...
The US Fashion Retail Bankruptcies
Approximately 43 retailers have filed for bankruptcies so far, according to S&P Global Market Intelligence report. Latest retailers to go into administration include Le Tote,...
Neiman Marcus’ Restructuring Plan Gets Approval
Neiman Marcus has received court approval for its plan to reorganize in Chapter 11. The luxury department store chain, which filed for bankruptcy in May,...