Articles by DPA
'Quiet Luxury': Why this fashion trend won't just pass away
loading... - Fashion
In place of XL logos, which in recent years have often not been allowed to be big enough to be seen on jumpers, handbags or shoes, there has been a demand for one thing for a while now: understated elegance. Two words that can be read and heard a lot: 'Quiet Luxury'. But what does this actually mean? Fashion magazine Harper's Bazaar describes...
Puma signs multi-year deal to supply RB Leipzig sports kits
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Puma SE (PMMAF.PK), a German provider of sports footwear, apparel, and accessories, announced on Tuesday that it has signed a long-term partnership with Bundesliga football club, RB Leipzig, to supply sports kits to men's, women's, and youth teams from the 2024-25 season onwards. Puma has secured wide-ranging rights for sponsorship,...
Zalando plans to remove misleading sustainability labels
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According to the EU Commission, online retailer Zalando has committed to removing misleading sustainability labels and symbols from its website. From 15 April 2024, the symbols, such as leaves or trees, will no longer appear next to the products on offer. This was announced by the Brussels authority on Thursday. The Consumer Protection...
EssilorLuxottica and Michael Kors renew licensing partnership for a minimum 5 years
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EssilorLuxottica (ESLOF.PK) and Michael Kors Wednesday said they have renewed their licensing partnership to develop and sell frames and sunglasses under the Michael Kors brand. The renewal, which is for a period of 5 years with an option for 5-year extension, will be effective from January 1, 2025, when the current agreement expires. The early...
Adidas reveals plans to sell remaining Yeezy sneakers
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Adidas intends to sell the remaining stock of Yeezy sneakers from its discontinued collaboration with Kanye West, at a minimum of the production cost. The company along with other major brands, severed ties with the musician and fashion designer, also known as Ye, in 2022 following his series of antisemitic remarks on social media. Although the...
EU supply chain law threatens to fail because of Germany
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The newly planned EU supply chain law is in danger of failing because of Germany. The Federal Ministry of Justice and the Federal Ministry of Finance could not support the plans, according to government circles on Thursday. "In the Council of the European Union, this will result in Germany abstaining, which will have the effect of a 'no' vote,"...
Germany's KaDeWe Group files for insolvency
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The KaDeWe Group, which operates the luxury department stores KaDeWe (Berlin), Oberpollinger (Munich) and Alsterhaus (Hamburg), has filed for insolvency. However, the stores will continue to operate, the company told the German Press Agency on Monday. Insolvency proceedings under self-administration have been applied for. The retail company...
Luxury and fashion stocks fall, China worries dampen sentiment
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Shares in luxury goods and fashion companies came under pressure on Wednesday following mixed economic data from China. Although the country achieved its own economic growth target for 2023, the property market remains weak and consumer sentiment is weak. Unclear prospects for demand in China had already weighed on luxury stocks from time to...
Gildan Activewear names Vince Tyra CEO
loading... - People
Gildan Activewear Inc. (GIL), an apparel manufacturer, Friday announced the appointment of Vince Tyra as its chief executive officer and president, effective February 12. Tyra will take over from the previous CEO and co-founder of the company, Glenn Chamandy, who was ousted from the firm after 20 years at the helm. Previously, Vince Tyra grew...
Lululemon founder Chip Wilson stirs controversy over diversity remarks
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Lululemon Athletica Inc. (LULU) founder Chip Wilson's remark over the brand's diversity approach has created a controversy. In a recent Forbes interview, Wilson stated, "Lululemon is trying to be everything to everybody. But you've got to be clear that you don't want certain customers coming in." The athletic clothing company, founded by Wilson...