Global Fashion Group (GFG), the leading online fashion and lifestyle destination in growth markets, has reported a revenue growth of 6.7 per cent to reach €276.2 million in the third quarter (Q3) of fiscal 2023 (FY23). The company has also reported stable adjusted EBITDA margin and 2 per cent Net Merchandise Value (NMV) growth despite challenging market conditions.The company’s marketplace NMV achieved 32.5 per cent share of total NMV compared to 36.2 per cent in Q3 FY21. Its gross margin reache

German fashion brand Hugo Boss has raised its outlook for fiscal 2022 (FY22) and expects sales to grow between 25 and 30 per cent to a record level of between €3.5 billion and €3.6 billion. It expects EBIT to increase between 35 and 45 per cent. In the third quarter (Q3) of FY22, the company’s currency-adjusted group sales increased by 18 per cent year-over-year and 27 per cent compared to 2019 levels.Momentum in brick-and-mortar retail accelerated in the third quarter, rising by 25 per cent com

Around 15% of global fashion consumers are already highly concerned about sustainability and consistently make purchasing decisions to reduce their impact. This percentage could increase to over half of the fashion consumer in the coming years as more buyers gravitate towards sustainable practices.Figure: WWF published report showed that 15% of global fashion consumers are already highly concerned about sustainability.Recently, a report titled, ‘How Brands Can Embrace the Sustainable Fashion Opp

As the World Cup only a month away,Louis Vuittonhas unveiled an exclusive capsule designed especially for the highly-anticipated quadrennial footballing event.Figure:Louis Vuittonhas unveiled an exclusive capsule designed especially for the highly-anticipated quadrennial footballing event.Since 2010, Louis Vuitton has provided the travel trunk for the FIFA World Cup Trophy, they unveiled their first leather goods collection in celebration of the last tournament in 2018.For the2022 FIFA Worldseri

Tencel fibre brand partnered with the Fashion Design Council of India (FDCI) to present Indian fashion designer Anju Modi’s Damayanti collection at the Lakmé Fashion Week. The event took place at the Jio World Convention Centre, located in the heart of Mumbai’s business district, Bandra Kurla Complex.Inspired by the ethereal paintings of Indian artist Raja Ravi Varma whose muse was Damayanti,Modi’s look for the show reflected the western techniques and styles that were pioneered by the artist as

The fashion industry has long been criticized for its tendency to discriminate and make people feel excluded. It’s a sector that has generally promoted a certain body type to the detriment of many. Disrupting this status quo of the fashion industry to make it more inclusive, diverse and sustainable, Amsterdam-based Lalaland has come up with an AI-powered fashion model concept.Figure: Lalaland has come up with an AI-powered fashion model concept. Courtesy: lalaland.aiPhysical clothing results in

Fashion Impact Fund hosted a luncheon for the United Nations Conscious Fashion and Lifestyle Network on the occasion of the 77th Session of the UN General Assembly. United Nations Conscious Fashion and Lifestyle Network is an online Platform for industry, media, governments and UN system entities to showcase the inclusive and transformative collaboration of global stakeholders to drive work within the fashion and lifestyle sectors using the Sustainable Development Goals as a guiding framework.Fi

The Global GYM market, impacted by the COVID-19 pandemic and the current unstable scenario is predicted to develop at a slight CAGR of 6.2% throughout the forecast duration of 2022 to 2032.The market size of this sector is predicted to be valued at $384.8 Billion by 2032 end. Which is now at a net worth of $204.5 billion in the year 2021.Figure: The market size of this sector is predicted to be valued at $384.8 Billion by 2032.The largest revenue share in the global gym apparel market is North A

VF Corporation’s The North Face has launched its own recycled clothing programme called ‘Renewed’ and announced the release of its first circular products which include styles for adults, plus sizes and accessories.Figure: The North Face launches recycled clothing program ‘Renewed’.That were created with the goal of producing less waste while still lasting longer and being simpler to disassemble for recycling.The North Face Circular Design Manager said, “We’re excited to introduce our first circ

Backstage atVictoria Beckham’s spring showin Paris, the beauty look lifted spirits — and eyebrows. Arches crafted by make-up artist Diane Kendal were designed to imbue a sense of confidence as models strode past the cloister garden in Paris’s Museum of the Armed Forces Health Service.Rather than pop culture’s now familiaricy peroxide arches, Beckham’s fresh cast of models exhibited a diet version of the look. “We haven’t gone completely bleached, we’ve just lifted them a couple of shades lighter