Shandong Ruyi, the Chinese group that owns a raft of European brands, continued to struggle in H1. Turnover fell 20.43% with the clothing category down 44.67% and the share of revenue it accounted for dropping sharply.
Major global retailers agreed to extend a legal agreement with garment workers and factory owners in Bangladesh that subjects retailers to legal actions if their factories fail to meet labour safety standards.
Now 76% owned by Estée Lauder, the Deciem Beauty Group, proprietor of skincare brands The Ordinary and Niod, continues to expand in Europe. FashionNetwork.com has interviewed Nicola Kilner, CEO of the Deciem group.
Unifi, a US-based leading innovator in recycled and synthetic yarns, has reported 114 per cent sales growth to $184.4 million in its fourth quarter (Q4) of FY21 ended on June 27, 2021, compared to the sales of $86.
The Autumn Editions of Intertextile Shanghai Apparel Fabrics, Intertextile Shanghai Home Textiles and Yarn Expo have been postponed to October 9-11, 2021 due to the sudden rise of COVID-19 cases in China.