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European textile and apparel exports decelerated in 2023

by David Johnson
European textile and apparel exports decelerated in 2023

Translated by Roberta HERRERA Published Feb 22, 2024 The European Union experienced a 3% decline in apparel exports and a 4% decline in textile exports last year. This deceleration follows …

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Taxpayers will foot bill for Body Shop redundancies

by Lionel Rogers
Taxpayers will foot bill for Body Shop redundancies

UK taxpayers will be responsible for the substantial bill to pay redundant staff from The Body Shop after the ethical beauty retailer entered administration on 13 February. The Body Shop …

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net profit down 17% and sales down 4% in 2023

by Lionel Rogers
net profit down 17% and sales down 4% in 2023

By AFP Published Feb 8, 2024 Luxury group Kering announced on Thursday that net profit would fall by 17% in 2023, to €2.98 billion, and that sales would fall by …

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Chanel to open first watch, fine jewelry flagship in NYC

by Lionel Rogers
Chanel to open first watch, fine jewelry flagship in NYC

Chanel is set to open on Friday its first standalone boutique in the United States dedicated exclusively to watches and fine jewelry.   Chanel to open first watch, fine jewelry …

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Issey Miyake unveils new flagship store in Paris

by Lionel Rogers
Issey Miyake unveils new flagship store in Paris

Translated by Roberta HERRERA Published Feb 2, 2024 A new chapter is unfolding for Issey Miyake in Paris. The luxury Japanese ready-to-wear brand has recently bid adieu to its flagship …

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Humans still cheaper than AI in vast majority of jobs, MIT finds

by Lionel Rogers
Humans still cheaper than AI in vast majority of jobs, MIT finds

Artificial intelligence can’t replace the majority of jobs right now in cost-effective ways, the Massachusetts Institute of Technology found in a study that sought to address fears about AI replacing humans in …

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UK fashion is becoming more diverse but still lots of work to do

by Lionel Rogers
UK fashion is becoming more diverse but still lots of work to do

A new report is shining a light on diversity (or the lack of it) in the UK fashion sector, reaching the conclusion that the industry’s workers and leaders aren’t yet …

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Burberry update comes with profit warning as American woes continue

by David Johnson
Burberry update comes with profit warning as American woes continue

Burberry delivered a fairly short (well, short for Burberry) trading update on Friday with a few too many minus signs in it and not enough plus signs. Oh, and there …

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Stars glitter on Globes red carpet

by David Johnson
Stars glitter on Globes red carpet

By AFP Published Jan 8, 2024 Hollywood A-listers turned up in force Sunday on the red carpet at the Golden Globes, serving up killer looks to launch the showbiz awards …

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Italian fashion industry to grow by 3.2% in 2023, but sector margins contracting

by David Johnson
Italian fashion industry to grow by 3.2% in 2023, but sector margins contracting

Translated by Cassidy STEPHENS Published Jan 2, 2024 According to data published by Confindustria Moda, the Italian fashion industry should close 2023 with sales of €111.7 billion, up 3.2%. This …

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