7.5% wage hike for South African clothing industry workers
The agreement was reached under the auspices of the National Bargaining Council for the Clothing Manufacturing Industry of South Africa.Employers were represented by the Apparel and Textile Association…
Card payments soar in UK stores but retailers are concerned over costs
Lower value payments, traditionally dominated by cash, are driving the shift towards card payments. In fact, the value of retail purchases made by cash has fallen by more…
Facebook, Instagram are hot spots for fake Louis Vuitton, Gucci and Chanel
Its platforms have emerged as hot spots for counterfeit offenders who exploit their range of social and private messaging tools to reach users, according to interviews with academics,…
A third of fashion execs thinks their firms will be fully circular in a few years
Almost one third (32%) rated their strategy for making their business fully circular as “excellent”, with 54% saying their strategy’s “good” and 14% described it as “average”, suggesting…
Generation Tux skips the measuring tape with new eTailor measuring system
Founded by George Zimmer in 2014, Generation Tux is an online tuxedo and suit rental platform that offers a selection of tuxedo and suit styles and over 200…
Global fashion market to grow 3.9% per year by 2025
According to Kantar, approximately half of this increase will be generated by five major players: Japan’s Fast Retailing, owner of Uniqlo; Spanish company Inditex; H&M, from Sweden; and…
JD Logistics seeks bank pitches for Hong Kong IPO of up to $3 bln, sources say
The logistics business, the offshoot of Chinese e-commerce giant JD.com Inc, would be the latest subsidiary of the parent company to be spun off and listed in Hong…
Kering recognised industry leader in the 2017 Dow Jones Sustainability Index
Kering’s efforts to embed sustainability across its entire supply chain and the progressive targets linked to the Group’s new 2025 sustainability strategy have translated into industry-leading results. Kering’s…
Farfetch accelerator has sustainability focus for 2019, adds Stella McCartney
And the second year of the programme sees the luxury e-tailer seeking applications from start-ups which are still at the seed stage of their development and have a…
One of world’s largest diamonds fetches $6.5 million to aid Sierra Leone
The egg-sized, 709-carat diamond found by a Christian pastor was bought at auction in New York by Laurence Graff, a British billionaire and jeweler, according to the Rapaport…