The Anglo-German textiles firm blamed strong competition and the Covid-19 pandemic for a “difficult” trading year. Group revenue fell to £35.07 million in the 12 months to May 31 from £38.9 million a year ago.
As materials including wool, angora and mohair continue to come under scrutiny from anti-cruelty groups, Mohair South Africa has boosted its commitment to sustainable mohair by linking with traceability firm Oritain.
Bangladesh is the world's second-largest apparel producer, but its industry leaders say international retailers are either refraining from placing orders, delaying buying decisions or demanding steep price cuts.
Burberry continues to burnish its reputation as a tech innovator in luxury fashion with a new initiative to “revolutionise fashion design and engineering”. The first products using the tech are now dropping in-store.
Nearly half of the luxury industry's top managers are expecting sector sales to return to 2019 levels from 2021, reflecting adjustments in their business models, according to a study by French consulting firm MAD.
Despite the challenges posed by the Covid-19 pandemic, fashion companies are more determined than ever to go green, according to a new study from the U.S. Cotton Trust Protocol and the Economist Intelligence Unit.
The BRC has written to the Home Secretary to demand urgent action over labour exploitation in Leicester after claiming garment factory workers are collectively being denied over £2.1 million in wages a week.
Hong Kong-based sourcing giant Li & Fung has appointed Joseph Phi as group CEO, working alongside newly appointed Executive Chairman Spencer Fung. Phi takes over from Marc Compagnon, group CEO since 2014.
Edinburgh Woollen Mill said this week that the BGMEA group, which represents Bangladeshi garment manufacturers and exporters, has withdrawn its statement that EWM owes many millions in unpaid bills to its members.