"Impact Fashion” pioneer Indigenous, leader in ethical and sustainable clothing, has been named by B Lab as Best For The World. It has been awarded for making a positive impact in two categories - Overall and Community. This puts Indigenous among the top 10 per cent of B Corporations, companies which use business to make positive change in the world. "As one of the original 18 founding B Corporations, we are thrilled to play a role in the national acceptance of B Corp—now numbering over 2,

Famous British based label, Charlotte Simone, is set to debut its new limited collection of knitwear alongside its infamous ‘Popsicle’ scarves worn by Olivia Palermo, Rita Ora, Gigi and Bella Hadid, and Sienna Miller, at the Pure London show. Pure London, one of the leading festival of fashion, will be held from July 22 to 24, 2018, in London, UK. Charlotte Beecham said, “The UK is one of our biggest markets and we see Pure London as the ideal platform to launch our new knitwear collection

Apjet, a global leader in atmospheric plasma technology with a focus on textile finishing, headquartered in the US, has announced the appointment of Bentley Park as the company’s new chief executive officer (CEO). Park will replace John Emrich, who has been CEO of Apjet since 2007. Although retiring, Emrich will remain on the company’s board of directors. Park brings a wealth of knowledge and experience to Apjet at this important time in the company’s evolution from primarily a development

Vince, an indirectly wholly owned subsidiary of Vince Holding, is adding two new US retail locations to expand its retail footprint in the second and third quarters of this year. The Domain in Austin, Texas is to open in June, followed by a new Los Angeles flagship in Palisades Village – the Caruso development opening in September in the Pacific Palisades. “Over the past several months we have made great strides in advancing our retail expansion strategy due largely to the strength of our

Family-owned Spanish fragrance and fashion firm Puig recently acquired a majority stake in Belgian fashion label Dries Van Noten. Puig will be the majority owner and Dries will be a significant minority shareholder over the long term, the companies said in a joint statement. Dries Van Noten will continue as chief creative officer and chairman of the board. At present, about 90 per cent of Puig’s €1.94 billion business comes from fragrance and cosmetics. The Dries deal may indicate a deeper

Simple Be, a leading fashion retailer for women from UK, has launched a new range of performance, sustainable jeans, made with Invista’s Coolmax EcoMade technology, which comprises of 97 per cent recycled sources. Headquartered in the US, Invista is one of the world’s largest integrated producers of chemical intermediates, polymers, and fibres. Each pair of the special relaxed slim-leg jeans is created using cotton together with fibre made from recycled plastic equivalent to about 18 plast

Chennai-based women’s fashion brand eShakti recently said it has raised 75 crore from Paragon Partners Growth Fund-I, a private equity fund focused on mid-market segments founded by Siddharth Parekh and Sumeet Nindrajog in 2015. The investment is needed for growth as eShakti is building a multinational brand with a global footprint, said founder BG Krishnan. Paragon Partners invests primarily in consumer discretionary, financial services, infrastructure services (asset light), industrials

The comparable sales of Vince Holding Corp., a leading global luxury apparel and accessories brand, for the first quarter of fiscal 2018 increased 12.3 per cent, including e-commerce sales, primarily due to an increase in transactions. The direct-to-consumer segment sales went up 14.9 per cent to $26.0 million compared to the first quarter of fiscal 2017. However, the company's net sales for the reported period went down 6.1 per cent to $54.5 million compared to $58.0 million in the first q

Private equity firm FSI has announced the acquisition of a minority stake from the luxury brand Missoni. The investment will mainly consist of a capital increase, with no financial leverage on Missoni. At closing, the Missoni Family will maintain a controlling interest of 58.8 per cent in the company, while the remaining 41.2 per cent will be held by FSI. The objective of the partnership is to enhance Missoni’s outstanding awareness and development potential, in order to become a modern and

Cherokee Global Brands, a global brand marketing platform which manages a growing portfolio of fashion and lifestyle brands, has announced the sale of Flip Flop Shops, its franchise retail chain to Bearpaw Holdings for an undisclosed amount. It is learnt that Cherokee Global Brands intends to use the sale proceeds to reduce its long-term debt. "We are pleased with the transaction, which aligns with our strategy to focus on scaling our high-growth brands through global licensed partnerships,