After Inditex saw its investors demand greater transparency regarding the factories where it produces its garments, listed fashion companies are now also facing questions from impact investors. Their aim: to encourage companies to adopt processes that are more respectful of workers and the environment. Johanna Schmidt is an investment strategist at Triodos Investment Management, which … Read more
By AFP Published Apr 12, 2024 Italian fashion designer Roberto Cavalli, whose penchant for python and flamboyant animal prints made him the darling of the international jet set for decades, died Friday at 83, the luxury company said. Dr “It is with deep regret and a great sadness the Roberto Cavalli Maison participates in the … Read more
Fast fashion group Shein’s profits will become public knowledge in future, whether it lists in London or New York, but for now, we have to rely on secondhand information. Shein That info — about its 2023 results — comes from The Financial Times, which cited “a financing document” it had seen and “four people close … Read more
Analysts had mixed views of H&M Group’s latest results this week, some emphasising how the company still had plenty of work to do. But investors in the firm didn’t seem to be listening to those at the gloomier end of the spectrum and sent its share price up over 15% on Thursday. It jumped again … Read more
H&M Group released its first set of results under the leadership of CEO Daniel Ervér on Wednesday and he seems to have got off to a good start because while Q1 saw net sales down, profit rose. He said that February’s sales in particular “gradually improved, with well-received spring collections, which is a positive sign … Read more
By Reuters API Published Mar 23, 2024 Investors will be looking for reassurances from new H&M CEO Daniel Erver that he has the right plan to reboot revenue growth when the fast fashion retailer reports its first quarterly earnings under his leadership on Wednesday. Reuters Erver took the helm in January after his predecessor Helena … Read more
Swedish company Renewcell, in which the H&M group is one of the main shareholders, announced on February 25 that it would be filing for bankruptcy with the Stockholm court. Renewcell was founded in 2012 and specialises in recycling clothing to produce new fibres, in particular a yarn called Circulose, which is used by major fashion … Read more
By Bloomberg Published Feb 25, 2024 Fast Retailing Co., home of the Uniqlo brand, wants to ramp up the presence of its other fashion label GU in the US and Europe, as Asia’s largest apparel maker accelerates efforts to become a global retailer with ¥10 trillion ($66.6 billion) in annual sales. GU “GU has the … Read more
By Reuters API Published Feb 23, 2024 Zara owner Inditex, the world’s biggest listed fast fashion company by sales, is expanding its low-priced Gen Z-focused brand Lefties to counter Chinese-founded rival Shein. Reuters The rapid growth of Shein, an online marketplace with no physical stores, is putting pressure on retailers like Inditex and Sweden’s H&M … Read more
Translated by Roberta HERRERA Published Feb 21, 2024 As is customary, luxury houses and ready-to-wear brands develop new collections exclusively for the Middle Eastern market during the sacred month of Ramadan (the fasting period estimated this year between March 11 and April 9, 2024, according to Muslim federations). On this occasion, numerous labels are offering … Read more
