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UK inflation hits double digits, highest since 1982

UK inflation hits double digits, highest since 1982

British consumer price inflation jumped to 10.1% in July, its highest since February 1982, up from an annual rate of 9.4% in June, intensifying the squeeze on households, official figures showed on Wednesday.
Fashion
Burberry receives SBTi approval for net-zero emissions target

Burberry receives SBTi approval for net-zero emissions target

British luxury brand Burberry has received approval from the Science Based Targets initiative (SBTi) for its net-zero emissions target.
Luxury
Jewellery maker Pandora goes big on lab-made diamonds with North American launch

Jewellery maker Pandora goes big on lab-made diamonds with North American launch

Pandora, the world's largest jewellery maker, said on August 16 it would move ahead with its bet on lab-made diamonds, following its announcement last year to stop selling mined diamonds.
Fashion
Watches of Switzerland still riding high but says H2 could be challenging

Watches of Switzerland still riding high but says H2 could be challenging

​The good news just keeps flowing from Watches of Switzerland Group with the company on August 16 issuing a buoyant trading update for the 13 weeks to the end of July.
Fashion
Dubai Mall owner Emaar to discuss selling its e-commerce business

Dubai Mall owner Emaar to discuss selling its e-commerce business

​The board of Dubai's Emaar Properties, which owns the Dubai Mall, will meet on Thursday to discuss the sale of its e-commerce fashion business, the company said on August 15.
Fashion
Ranra wins Zalando Sustainability Award at Copenhagen Fashion Week

Ranra wins Zalando Sustainability Award at Copenhagen Fashion Week

​Ranra has walked away with the fourth Zalando Sustainability Award during Copenhagen Fashion Week. Its genderless collection “focused on longevity and used exciting techniques with textiles and dyes”.
Fashion
Tophsop founder and ex-Debenhams chief Halpern dies

Tophsop founder and ex-Debenhams chief Halpern dies

​British retail titan Sir Ralph Halpern has died at the age of 83. The executive, who launched the Topshop chain and once ran Debenhams, was one of the highest-profile retailers during the Thatcher era in the 1980s.
Fashion
France plans fashion revolution with climate-impact labels

France plans fashion revolution with climate-impact labels

Next year, France will pass a decree that will require every item of clothing sold in the country to carry a label detailing its precise climate impact.
Fashion
Prada seeks $1 billion valuation in Milan listing - Bloomberg News

Prada seeks $1 billion valuation in Milan listing - Bloomberg News

Italian luxury group Prada SpA is considering seeking at least $1 billion from a second listing in Milan and is working with Goldman Sachs Group Inc on early preparations, Bloomberg News reported on August 12.
Luxury
India’s apparel retailers to earn 21-23% more revenue in FY 2023

India’s apparel retailers to earn 21-23% more revenue in FY 2023

A combination of strong same-store sales, new store launches, and higher contribution from online channels will add 21-23% revenue growth for apparel retailers in India in fiscal 2023.
Fashion
Canada Goose results thrive as luxury demand defies inflation

Canada Goose results thrive as luxury demand defies inflation

​Canada Goose Holdings Inc has surpassed Wall Street targets for quarterly results after affluent consumers undeterred by decades-high inflation snapped up its luxury parkas and jackets.
Luxury
Ferragamo partners with Farfetch to grow online, reach younger shoppers

Ferragamo partners with Farfetch to grow online, reach younger shoppers

​Italian fashion house Salvatore Ferragamo has announced that it has struck a partnership with online luxury shopping retailer Farfetch to expand its digital presence, targeting younger shoppers.
Luxury
US textile and apparel imports up 30%+ in first half

US textile and apparel imports up 30%+ in first half

The import of textiles and apparel by the US continues to grow fast, rising by 30.97 per cent to $66.308 billion in the first six months of 2022, compared to $50.626 billion in the same period of 2021. 
Fashion
UK’s Edit LDN makes metaverse debut with sneaker digital wearables

UK’s Edit LDN makes metaverse debut with sneaker digital wearables

UK-based retail brand Edit LDN has officially joined the virtual world with its own premium store at Bloktopia, a virtual reality metaverse.
Fashion
Capri Holdings and Ralph Lauren see strong Q1 demand, but profits are hit

Capri Holdings and Ralph Lauren see strong Q1 demand, but profits are hit

​Results on August 9 showed Ralph Lauren and Capri Holdings (owner of Michael Kors, Versace and Jimmy Choo) beating Q1 earnings estimates on buoyant demand for luxury as affluent shoppers shrugged off inflation.
Luxury
Fashion innovator Issey Miyake dies at 84

Fashion innovator Issey Miyake dies at 84

Japanese fashion designer Issey Miyake, whose global career spanned more than half a century, has died aged 84 of cancer, it emerged on August 9.
Fashion