Strong demand from the cotton market and depleting stocks in addition to 10% import duty levied on cotton have collectively caused cotton prices in India to soar.
Facebook's acquisition of U.S. customer service startup Kustomer may hurt competition and boost its market power in online ads, EU antitrust regulators warned Monday as they opened a major investigation into the deal.
Square, the payments firm of Twitter co-founder Jack Dorsey, on Monday said it has agreed to purchase buy now, pay later (BNPL) pioneer Afterpay, offering a 30% premium in a giant share-swap deal
Big change is coming at SMCP. On Monday, the Sandro, Maje, Claudie Pierlot and Fursac owner named Isabelle Guichot as its new CEO, to replace Daniel Lalonde who’s off to pastures new.
Private equity firm Clayton, Dubilier & Rice (CD&R) is poised to start a bidding war for British supermarket chain Morrisons, the target of a £6.3 billion ($8.8 billion) offer from a group led by another U.S. firm.
The Denver, Colorado-based outdoor and activewear group reported first-quarter revenue of $2.2 billion on Friday, up 104% from $1.1 billion in the prior-year period, with growth led by the Vans brand.
The investment fund launched by Swiss banking and financial group Mirabaud last year has acquired a stake in the German platform dedicated to streetwear.
The Italian group achieved revenue of 155 million euros in the first six months of 2021, up 30% year over year, but down 10% compared to 2019, while net earnings tripled in the two years, totaling 17.4 million euros.
In January, the Florentine event organizer is planning to replicate the format it explored in June, hosting its two flagship trade shows, Pitti Uomo and Pitti Bimbo, simultaneously from January 11 to 13, 2022.
Michael Kors parent Capri Holdings Ltd on Friday raised its annual forecasts for the second time after trouncing Wall Street estimates for quarterly results, as shoppers splurge on its high-end clothes and bags.
Online fashion retailer Boohoo said on Friday it would move all of its suppliers to a new auditing model over the next 12 months in its latest effort to address failings brought to light in media reports a year ago.
Amazon has been hit with an $886.55 million (746 million euro) European Union fine for processing personal data in violation of the EU's General Data Protection Regulation (GDPR), the e-commerce giant said on Friday.
The founder of Boohoo Group, Mahmud Kamani, who’s executive chairman at the fast fashion company, has been told he has to give evidence in a US lawsuit.
Global payments and and shopping services provider Klarna has launched a £3 million Small Business Support Package to help British small- and medium-sized enterprises (SMEs) recover from the pandemic.
Exploitation of garment workers is continuing in Leicester's textile industry, a new report claims, a year after an exposé highlighted abuses in the supply chain. This is despite measures to safeguard employees.
