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.
The Turkish association of apparel and textile raw materials exporters (ITHIB) presented this summer a ‘Sustainability Action Plan’ designed to align local producers with the expectations of western apparel brands.
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.
After taking a plunge last week following the announcement of China’s wealth redistribution plan, share prices for the leading luxury groups made up some ground earlier this week, though uncertainty lingers.
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.