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Textile

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Japan’s Uniqlo to make masks using underwear fabric

Japan’s Uniqlo to make masks using underwear fabric

Japanese casual clothing chain Uniqlo, owned by Fast Retailing, said it plans to sell face masks made of fabric used for its Airism underwear line in response to strong demand for protective gear for the coronavirus. 
Fashion
Bernard Arnault buys one-quarter stake in fellow French patron Arnaud Lagardère’s holding company

Bernard Arnault buys one-quarter stake in fellow French patron Arnaud Lagardère’s holding company

Bernard Arnault, Europe’s richest man, has acquired a one-quarter stake in Arnaud Lagardère’s holding company, in a move that will be seen as an attempt to support the family of his fellow French billionaire.
Fashion
Luxury industry restarts production as sub-contractors risk being wiped out

Luxury industry restarts production as sub-contractors risk being wiped out

After being forced to halt production for weeks, the luxury industry's supply chain is slowly restarting in Italy and France. The system has been battered by the Covid-19 pandemic, with many sub-contractors struggling.
Fashion
H&M launches Coolmax fabric tech and sustainable dress collection

H&M launches Coolmax fabric tech and sustainable dress collection

H&M is focusing heavily on materials with the announcement of “new fabric technology that helps men stay cool”. It’s also launching a new dress offer next month made from “recycled and sustainably-sourced materials”.
Fashion
Coats gives upbeat outlook despite sales slump

Coats gives upbeat outlook despite sales slump

Thread manufacturer Coats said it is in a strong position to deal with the impact of the Covid-19 pandemic despite seeing sales fall 50% in April.
Fashion
'All my dreams are shattered' - coronavirus crushes Asia’s garment industry

'All my dreams are shattered' - coronavirus crushes Asia’s garment industry

Hundreds of thousands of garment workers across Asia have been laid off, according to the Workers Rights Consortium, and are now struggling to survive with little welfare support.
Fashion
Albanian garment industry unravels amid coronavirus pandemic

Albanian garment industry unravels amid coronavirus pandemic

Albania's garment industry could weigh down the country’s gross domestic product this year by six percentage points, where it normally contributes 15-18% to GDP. 
Fashion
Israel's diamond industry grinds to halt amid coronavirus

Israel's diamond industry grinds to halt amid coronavirus

Israel's economy is slowly returning to normal with the gradual easing of its lockdown, but the diamond district, one of the world's main trade and polishing centres, is still deserted.
Fashion
Farfetch revenue soars as online is only game in town

Farfetch revenue soars as online is only game in town

Farfetch saw its revenue almost doubling in the first quarter as lockdowns meant online was the only option for luxury fashion shoppers. The firm remains loss-making but says it's still on target for profits next year.
Fashion
Fashion and luxury industry on slow road to recovery

Fashion and luxury industry on slow road to recovery

A study by McKinsey has outlined the possible scenarios for the industry's return to normalcy, hampered by the concern felt by consumers for their income levels, putting apparel consumption low on their priority list.
Fashion
Marimekko has tough Q1 as Covid-19 and calendar shifts affect key markets

Marimekko has tough Q1 as Covid-19 and calendar shifts affect key markets

Marimekko was hit by the coronavirus pandemic in Q1, but its investment in its digital operations paid off during March and the firm's stores have started to reopen.
Fashion
Finalists announced for Redress Design Awards 2020

Finalists announced for Redress Design Awards 2020

Ten zero-waste and upcycling experts from nine regions will vye for the menswear and womenswear awards in the Grand Final taking place in September 2020 in Hong Kong.
Fashion
Designers, fashion CEOs and retailers call for revolt against existing delivery system

Designers, fashion CEOs and retailers call for revolt against existing delivery system

A group of fashion CEOs, retailers and designers, including luminaries like Dries Van Noten, Tory Burch and Craig Green, have called for a major rethink in fashion deliveries and greater sustainability in an open letter.
Fashion
Italian fashion industry loses €3.5 billion to Covid-19 in Q1

Italian fashion industry loses €3.5 billion to Covid-19 in Q1

The Italian textile and apparel industry is rueing a revenue loss of €3.5 billion in Q1 due to Covid-19, as industry association SMI estimates the loss for the whole of 2020 will be €9 billion.
Fashion
Common Objective raises £350,000 in crowdfunding campaign

Common Objective raises £350,000 in crowdfunding campaign

B2B sourcing platform Common Objective has announced it has exceeded its initial crowdfunding target of £350,000, and is now in overfunding.
Fashion
U.S. unemployment rolls seen swelling as coronavirus restrictions bite

U.S. unemployment rolls seen swelling as coronavirus restrictions bite

Millions more Americans likely sought unemployment benefits last week, suggesting a broadening of layoffs from consumer facing industries to other segments of the economy.
Fashion