Teijin Ltd, a Japanese manufacturer of carbon fibre products, posted a 26.1% sales increase to ¥225.9 billion in Q1 FY21 ended on June 30, against ¥179.1 billion in the same period of FY20.
First half (H1) sales at Italian brand Geox grew 8.4% to €264m compared to €243.6 million in same period of FY20. Despite challenges during Q1, the company recovered strongly in the next quarter where sales expanded 91%.
British online fashion retailer Boohoo is to give customers the opportunity to look behind the scenes of its UK suppliers’ factories, as it seeks to improve its image after negative publicity over supply chain failings.
Morrisons suitor, US private equity group Clayton, Dubilier & Rice (CD&R), has been given more time to consider a counter takeover bid for the supermarket group.
British supermarket group Morrisons has agreed to an improved takeover offer worth £6.7 billion ($9.3bn) in cash from a consortium led by Softbank-owned Fortress Investment Group, it said on Friday.
Switzerland-headquartered Philipp Plein Group has become the world’s first major fashion group to accept payment in 15 different cryptocurrencies including Bitcoin and Ethereum.
MycoWorks, a US-based biomaterials company dedicated to bringing new mycelium materials to the world, has announced that Patrick Thomas will join its board of directors as an independent member.
Shein, the fast-growing Chinese online retailer, has not made public disclosures about working conditions along its supply chain that are required by law in the UK, a Reuters investigation has showed.
Levi Strauss & Co. said on Thursday it would buy apparel maker Beyond Yoga for an undisclosed amount, as it looks to expand its presence in the lucrative leggings category that boomed during the COVID-19 pandemic.
India’s top court on Friday handed Amazon.com Inc a major victory in a case where it has sought to stall its partner Future Group’s $3.4 billion retail assets sale to rival Reliance Industries.
German sports giant Adidas raised its outlook for full-year sales and profitability as demand soared in most of the world but took a hit in China where Western brands faced a boycott of their products in late March
British mall operator Hammerson on Thursday reported a 14% rise in half-year profit thanks to a retail recovery following the easing of lockdowns and lower costs, but footfall is yet to rebound to pre-pandemic levels.
Mike Ashley, British retailer Frasers' founder and biggest shareholder, will likely step down as chief executive next year and be succeeded by Michael Murray, the group's "head of elevation", it said on Thursday.
Singer and businesswoman Rihanna is worth a whopping $1.7 billion, Forbes said Wednesday, making her one of the richest female musicians on the planet.
Britain's government named almost 200 businesses on Thursday which breached minimum wage laws between 2011 and 2018, with the department store and supermarket chain the John Lewis Partnership heading the list.
