British discount fashion marketplace Secret Sales has secured 10 million euros in Series A funding which it says it will use to expand its UK operation and launch in new territories in 2021.The investment round was led by family-backed private equity investor Perwyn Growth Capital and supported by e-commerce investment specialist Belerion Capital, which was an early investor in fashion giants Asos, The Hut Group and Boohoo.The company said the investment brings it one step closer to its goal of

TORONTO – Canadian retailer Holt Renfrew has outlined new ambitious sustainability targets, addressing its carbon emissions by way of newly-approved science-based targets and its use of materials.The fashion company becomes Canada’s first to have emissions targets approved by the Science-Based Targets initiative (SBTi).Company president Sebastian Picardo commented:“Retail can be a force for good, and we know that our customers want to make trusted, responsible purchases. Our 360-degree commitmen

“This presentation is all about the power and the beauty of self-expression and about escaping and coming together as one to celebrate our creativity,” said Burberry chief creative officer Riccardo Tisci as he revealed the British luxury label’s SS22 menswear collection on Wednesday.The collection was presented at the Millennium Mills in Royal Victoria Docks, East London, on the second day of Paris Fashion Week, and looked to challenge “conventional codes and celebrates freedom of expression” wh

Culp Home decor, manufacturer of a wide range of mattress and upholstery fabrics has introduced a brand-new collection of sustainable circular knitted bed fabric called as ChillSense in association with Repreve from Unifi. This launch is in response to consumer demand for cooling performance and is the result of the continued partnership between North Carolina companies Culp, of High Point, and Unifi, of Northboro.According to Unifi, fabrics created with ChillSense fibers, transmit heat from the

As per Collective Union of Movement of Workers of Cambodia, the garment sector’s stakeholders are confident to see full revival of operation by early next year.The Cambodian Government is said to be going on an aggressive vaccination campaign to achieve the targeted inoculation of 10 million adults by end of this year and the same is expected to see recovery of garment sector once all are vaccinated.The vaccination drive is currently focused in the capital Phnom Penhwhich is why the workforce in

Descente Ltd, a Japanese sports clothing and accessories company, has reported 22.2 per cent sales decline to ¥96.8 billion (Japanese Yen) in its fiscal 2020 ended on March 31, 2021, compared to the sales of ¥124.5 billion in the previous fiscal. However, the company’s operating income for the year jumped to ¥1.8 billion (FY19: ¥379 million).Ordinary income for FY20 rose to ¥584 million (¥456 million), whereas profit attributable to the owners of parent increased to ¥5.0 billion (¥2.4 billion).S

Pandemic showed that the fashion industry is capable of adapting their business model to a change in circumstances as people who spent years rejecting 3D sampling were desperate to adopt the technology so they could work remotely, according to Tukatech founder Ram Sareen. Many businesses will continue working remotely even after the pandemic is over.More than anything, the pandemic showed how exposed the supply chains are, and that made a lot of people want to manufacture closer to the market th

Swiss textile manufacturer Ventile, the brand known for its performance textiles is launching two new fabrics this summer as part of its growing Eco range.Building on its inaugural recycled cotton collection in 2018, the company has expanded the collection to include the Eco Recycled 430 and 420, a higher-weight contrasting-weave 100 percent recycled cotton fabric that is unlike anything else the brand has made previously.The Ventile Eco 420 and Ventile Eco 430 are machine washable 100% recycled

Retail sales in the US remained at elevated levels in May despite month-to-month fluctuations that masked near-record performance, according to the National Retail Federation (NRF). Retail sales at clothing and clothing accessory stores in May were up 3 per cent month-over-month seasonally adjusted and up 198.7 per cent unadjusted year-over-year.“While May retail sales were down slightly, largely due to supply chain constraints, the more accurate indicator remains in the year-over-year data whic

Chanel on Tuesday said its revenue fell 18 percent to 10.1 billion dollars in 2020. The Paris-based luxury house said its business was “highly disrupted” due to store closures and suspension of international travel.Prior to global lockdowns, Chanel had a robust duty-free business, which instantly froze as tourism was halted. While the pandemic has proven to be a profitable time for luxury behemoths Louis Vuitton, Hermes and Dior, many others suffered falling sales. Compensating for supply chain