Bondholders Approve Saks Global’s Five-Year Business Plan
Saks is moving towards exiting bankruptcy and tapped an additional $300 million of its Chapter 11 financing package.
Ethiopia
Beauty
The Impact of The Wellness Industry on Ethiopia’s Frankincense Trees Laid Bare
Demand for the popular health and beauty ingredient and aggressive illicit harvesting practices is driving the frankincense tree to the brink of extinction.
The Impact of The Wellness Industry on Ethiopia’s Frankincense Trees Laid Bare
Demand for the popular health and beauty ingredient and aggressive illicit harvesting practices is driving the frankincense tree to the brink of extinction.
News & Analysis
Made in Ethiopia: Fashion's Next Sourcing Hub?
Ethiopian manufacturers are becoming increasingly competitive and ambitious, but can East Africa really provide an affordable sourcing alternative to Asia?
Made in Ethiopia: Fashion's Next Sourcing Hub?
Ethiopian manufacturers are becoming increasingly competitive and ambitious, but can East Africa really provide an affordable sourcing alternative to Asia?
News & Analysis
H&M's Ethiopian Supplier Invests in Factory to Boost Revenue
Ethiopia’s Almeda Textiles, which sells clothes to Swedish fashion chain H&M, plans to increase revenue by 50 percent to $30 million a year by 2018 by upgrading factory equipment and training staff.
H&M's Ethiopian Supplier Invests in Factory to Boost Revenue
Ethiopia’s Almeda Textiles, which sells clothes to Swedish fashion chain H&M, plans to increase revenue by 50 percent to $30 million a year by 2018 by upgrading factory equipment and training staff.
Global Markets
Op-Ed | Approach Africa with a New Mindset
For Africa to attract the investment it needs, the fashion world needs to let go of some myths and misconceptions about the continent, says Liya Kebede.
Op-Ed | Approach Africa with a New Mindset
For Africa to attract the investment it needs, the fashion world needs to let go of some myths and misconceptions about the continent, says Liya Kebede.
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The News in Brief
Luxury Stocks Face Most Bearish Sentiment in Years, UBS Says
War in the Middle East, the luxury industry’s fastest-growing market, threatens to delay a long-expected rebound in demand.
Trump Signs Order to Combat Fraudulent ‘Made in America’ Labels, White House Says
The executive order directs the FTC chairman to prioritise enforcement of existing laws against sellers and manufacturers who falsely claim products are made in America.
Lanvin Deputy CEO Siddhartha Shukla Exits Brand
Owner Lanvin Group said it is ‘fully committed’ to the French label’s development under creative director Peter Copping, with CEO Andy Lew in charge of management.
Ulta Beauty Forecasts Annual Profit Below Estimates
Shares declined in after-hours trading as the beauty retailer expressed a cautious outlook for 2026.
Exclusive: Brita Invests in Shower Filter Firm Hello Klean
The German water filtration firm has acquired a minority stake in Hello Klean, which sells shower heads it claims mitigate the effects of hard water.
AII Launches Industry-First Tool Standardising Measurement of Carbon Emissions
The new tool published by the climate-focused nonprofit aims to create a standardised benchmark across textile facilities to accelerate fashion’s efforts to decarbonise.
Marco De Vincenzo Exits Etro
The creative director’s departure after four years was a decision of ‘mutual agreement’ according to the Italian label.