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Tag: apparel

G-III earnings beat on DKNY and Karl Lagerfeld growth, reveals new Converse apparel licensing deal

September 6, 2024 No Comments Business , , , , , , , , , , ,

G-III Apparel announced on Thursday sales for the second quarter fell 2% to $644.8 million, coinciding with the news the U.S. apparel firm has inked a new apparel licensing agreement with Nike-owned Converse. Converse Despite the sale contraction, net income for the quarter ending July 31 grew to $24.2 million, or $0.53 per diluted share, compared to $16.4 million, or $0.35 per diluted share, [...]read moreG-III earnings beat on DKNY and Karl Lagerfeld growth, reveals new Converse apparel licensing deal

Gokaldas defers Bangladesh apparel unit plan as unrest lingers

August 19, 2024 No Comments Beauty , , , , , , ,

By Bloomberg Published Aug 19, 2024 Gokaldas Exports Ltd. has decided to put its plan to build a garments factory in Bangladesh on hold as the nation continues to face political turmoil that has killed hundreds of people during weeks-long violence. Bloomberg The Indian company, which exports to more than 50 countries including the US, [...]read moreGokaldas defers Bangladesh apparel unit plan as unrest lingers

Global apparel companies with exposure to key supplier Bangladesh

August 6, 2024 No Comments Beauty , , , , , ,

By Reuters Published Aug 6, 2024 The current political unrest in Bangladesh is expected to disrupt the country’s clothing industry, potentially affecting global apparel retailers from H&M to Zara as they head into the key holiday season. Reuters The country has been gripped by violence since July, forcing Prime Minister Sheikh Hasina to resign on [...]read moreGlobal apparel companies with exposure to key supplier Bangladesh

Italian textile and apparel sector faces increased slowdown in first half of 2024

August 2, 2024 No Comments Beauty , , , , , ,

Translated by Roberta HERRERA Published Aug 2, 2024 Italy, a hub for many of the world’s luxury manufacturers, is already significantly affected by the economic downturn. The slowdown that began at the end of 2023 in the textile and apparel sector has continued and intensified. By mid-2024, 75% of companies saw their revenue decrease, with [...]read moreItalian textile and apparel sector faces increased slowdown in first half of 2024

Palladium to rely on direct retail and apparel line to double revenue in three years

August 2, 2024 No Comments Business , , , , , , , ,

Translated by Nicola Mira Published Aug 2, 2024 Palladium has launched a summer retail offensive in Parisian department stores. The French footwear brand is operating a corner at the BHV department store until August 12, and has recently opened two pop-up spaces at Galeries Lafayette Haussmann, on the first floor of the menswear building and [...]read morePalladium to rely on direct retail and apparel line to double revenue in three years

Canada Goose boosts sales on Asia strength, lightweight apparel

August 1, 2024 No Comments Business , , , , , , ,

By Bloomberg Published Aug 1, 2024 Canada Goose Holdings Inc. reported higher-than-expected revenue as its Asian stores boosted sales and it introduced new lightweight products for warmer seasons. Canada Goose The Toronto-based luxury parka maker booked revenue of C$88.1 million ($63.7 million) for the fiscal first quarter ended June 30, beating the average analyst estimate [...]read moreCanada Goose boosts sales on Asia strength, lightweight apparel

G-III Apparel Group, Ltd. announces an increase in its stake in fashion group AWWG

July 31, 2024 No Comments Business , , , , , , ,

The parent company of Donna Karan and Karl Lagergeld is increasing its investment in AWWG. After acquiring a stake in the Spanish group that owns Pepe Jeans London, Hackett and Façonnable last June, G-III Apparel is increasing its holding from 12% to 19% in order to “maximise its growth opportunities in Europe,” according to a [...]read moreG-III Apparel Group, Ltd. announces an increase in its stake in fashion group AWWG

BCBG inks licensing deals with G-III Apparel, JS International

July 12, 2024 No Comments Business , , , , , ,

Marquee Brands-owned BCBG announced on Thursday two new strategic partnerships for its brands BCBGMaxAzria, BCBG and BCBG Generation, with Group JS International , and G-III Apparel, respectively. ​ Courtesy New York-based manufacturer G-III Apparel, which owns brands DKNY, Karl Lagerfeld, Donna Karan and Vilebrequin, has been named the core partner for BCBG and BCBG Generation in the United States and [...]read moreBCBG inks licensing deals with G-III Apparel, JS International

UK’s Unmade is acquired by Hi-Tech Apparel

July 10, 2024 No Comments Business , , , ,

A majority stake in UK Software company Unmade has been acquired by global garment maker Hi-Tech Apparel as it continues to expand. Unmade The software business enables sportswear brands such as New Balance and Decathlon and fashion brands such as Ralph Lauren to offer customised clothing on-demand. Its technology enables brands “to turn designs into [...]read moreUK’s Unmade is acquired by Hi-Tech Apparel

European textile, apparel, leather and footwear industry associations set seven priorities for 2029

June 7, 2024 No Comments Beauty , , , , , , , ,

Translated by Nicola Mira Published Jun 6, 2024 Four European textile, apparel, leather and footwear industry associations, acting jointly under the designation of TCLF Social Partners, have mapped out a course for their sectors between now and 2029, publishing a list of seven priorities. The latter translate into an overarching programme featuring sustainability, professional training, [...]read moreEuropean textile, apparel, leather and footwear industry associations set seven priorities for 2029