International textiles buyers are increasingly switching away from China, and back to Western suppliers, as rising labor, raw material and energy costs make the world's dominant producer more expensive.
French fashion house Sonia Rykiel is to close its secondary line and its childrenswear collection as it targets a returns to profits by 2019, the company said Wednesday. Sonia secondary line and kidswear have been axed.
The menswear label owned by Hong Kong company Trinity (of the Li & Fung group) announced the appointment of Laurent Grosgogeat as General Manager. He has over 20 years' experience in the luxury goods industry.
Global exporter Li & Fung's full-year profit fell 4.6% but beat analysts' estimates, as growth in its logistics and vendor support services business helped overcome headwinds from global retail disruption and macro en...