European Topsoho, owner of the SMCP group and a subsidiary of China's troubled Shandong Ruyi group, seems unable to repay its bond debt maturing on Tuesday, and its creditors might acquire a stake in the company.
African fashion is this month’s headline act, notably championed by Balenciaga and Virgil Abloh, with Friday’s Parisian show organised by Africa Fashion Up, and Afro Fashion Week scheduled in Milan on September 23-26.
Ambitious and industry leading is how ASOS describes the next phase of its “stretching” Environmental, Social, and Corporate Governance (ESG) goals. It includes a commitment to achieve carbon Net Zero by 2030.
Premium fashion retailer Reiss had plenty of good news on Thursday. It announced a move into kidswear for the first time in 50 years, a link-up with Castore, and said that it's recovered strongly from the pandemic.
The CFDA announced on Wednesday the nominees and honorees for the CFDA Fashion Awards spotlighting Ashley Olsen and Mary-Kate Olsen, Emily Adams Bode and Catherine Holstein, among other Fashion Awards nominees.
Primark, one of Europe's biggest fast fashion chains, has vowed to cut its environmental impact without increasing prices by using more recyclable materials, making clothing more durable, and improving wages for workers.
H&M Group’s Q3 sales rose 14% year-on-year (YoY), the Swedish fashion retail giant said on Wednesday. That said, the figure was in local currencies and when converted to Swedish Krona, the rise was only 9%.