French luxury group Kering, Richemont's Cartier, and the Responsible Jewellery Council have teamed up to set environmental targets for watches and jewellery activities, challenging the industry to commit to them too.
The Spanish group has changed the way it operates in these markets, cutting down the number of local subsidiaries from 22 to three. How its brands work will not vary, but the way its sales are recorded will.
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%.
Fashion retail giant Inditex said on Wednesday that its recovery is continuing to gain momentum with its sales, EBITDA and net income in the second quarter of its financial year reaching "historic highs”.
When the world's two biggest fashion groups unveil quarterly sales figures on Wednesday, Inditex is seen back at pre-pandemic levels as stores reopen and people renew their wardrobe, while H&M still has some way to go.
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.
In a project led by art director Fabien Baron, the Inditex-owned label is honouring the most iconic pictures lensed by the German photographer with a limited-edition collection whose proceeds will go to the Franca Fund.
French magistrates have opened an inquiry into allegations four fashion groups including Uniqlo and the owner of Zara profited from forced labour of the Uyghur minority in China, a judicial source said Thursday.
Coinciding with the presentation of the group’s Q1 results, Inditex has announced the “voluntary resignation” of its deputy CEO Ramón Reñón, who bids farewell to the Spanish group after almost 30 years.
Inditex bounced back with a vengeance in Q1 with the Spanish fashion retail giant reporting higher profits and saying its sales grew 50% year-on-year. Sales in Q2 so far have also exceeded those of Q2 2019.