H&M & DBS launch green finance tool for fashion decarbonisation

H&M & DBS launch green finance tool for fashion decarbonisation

H&M Group is taking a leadership position in establishing collaborative financing solutions that enable the necessary decarbonisation of fashion supply chains. To realise this ambition, H&M Group, together with Southeast Asia’s largest bank, DBS, has initiated a collaborative finance tool – a first-of-its-kind green loan programme that facilitates supply chain decarbonisation in the apparel sector. … Read more

Global women’s luxury footwear market booms, hits $30.5 bn in 2023

Global women’s luxury footwear market booms, hits .5 bn in 2023

The global women’s luxury footwear market is experiencing an upswing, with its value reaching US$ 30.5 billion in 2023, as per a report by RationalStat. The report projects an impressive compound annual growth rate (CAGR) of over 7.8 per cent from 2023 to 2030, signalling a prosperous era for the luxury footwear industry. This surge … Read more

Bangladesh aims to diversify UK exports & reduce RMG reliance

Bangladesh aims to diversify UK exports & reduce RMG reliance

Diversification of export goods to focus on the UK consumer market, export of skilled manpower and leveraging the China Plus One policy were the key topics of a recent dialogue between representatives of a Bangladesh trade federation and the Bangladesh high commission in the United Kingdom. Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) … Read more

Sweden’s H&M teams up with Zlatan for Autumn ’23 collection

Sweden’s H&M teams up with Zlatan for Autumn ’23 collection

Sweden’s H&M has collaborated with footballer Zlatan to launch the autumn ‘23 edition of Selected by Zlatan. The training series is developed within the ‘Selected by’ concept, where Brand Movers take an active part in product-curation—and share their unique sportswear knowledge and personal style with the H&M Move design team. The autumn ’23 edition of … Read more

FDCI showcases Indian khadi handloom at Moscow’s BRICS+ Fashion Summit

FDCI showcases Indian khadi handloom at Moscow’s BRICS+ Fashion Summit

India will showcase khadi handloom creations at the inaugural BRICS+ fashion summit that begins in Moscow today. The Indian delegation is being led by the Fashion Design Council of India (FDCI) and spearheaded by its chairman Sunil Sethi. This is the third international showcase of India’s khadi ensemble. India will showcase khadi handloom creations at … Read more

C&A presents Spring/Summer 2024 collection at its German factory

C&A presents Spring/Summer 2024 collection at its German factory

Europe’s leading fashion retailer C&A has launched its Spring/Summer 2024 collection ‘Finding Beauty in Chaos’ in its very own denim factory in Monchengladbach, Germany. As the name indicates, C&A´s Factory for Innovation in Textiles (FIT) serves as a creative HUB to investigate new and highly efficient production methods. With that, C&A aims to provide jeans … Read more

Sri Lankan apparel exporters want strategic ties with India, E Asia

Sri Lankan apparel exporters want strategic ties with India, E Asia

Strategic partnerships with India, Japan and other East Asian nations are needed to boost and diversify markets and face challenges posed by economic downturns in traditional export destinations, Sri Lanka Apparel Exporters Association (SLAEA) chairman Indika Liyanahewage recently said. “Japan, in particular, presents a significant opportunity, with an annual import of $26 billion worth of … Read more

Japan’s apparel imports reach $17.9 bn, China leads as top supplier

Japan’s apparel imports reach .9 bn, China leads as top supplier

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Global luxury market set to hit record €1.5 trn in 2023: Report

Global luxury market set to hit record €1.5 trn in 2023: Report

The global luxury market is projected to reach a historic high of €1.5 trillion in 2023, according to the latest report by Bain & Company in collaboration with Altagamma. This represents an 8-10 per cent increase over 2022, despite challenging macroeconomic conditions. The market has shown robust growth of 11-13 per cent at constant exchange … Read more

Tapestry opens new fulfilment centre in North Las Vegas

Tapestry opens new fulfilment centre in North Las Vegas

Tapestry, a conglomerate of iconic accessories and lifestyle brands including Coach, Kate Spade, and Stuart Weitzman, has announced the opening of the company’s new full-scale fulfilment centre in North Las Vegas, Nevada (NVFC). The fulfilment centre, expected to add more than 400 full-time jobs by 2029, utilises some of the latest advancements in material handling … Read more