Articles by Susan Zijp
Chanel cuts 70 jobs across US workforce
Luxury fashion giant Chanel is cutting 70 jobs in the US, representing about 2.5 percent of its workforce in the region, according to a report initially made by online publication Puck News and later confirmed by Bloomberg. The decision to reduce its workforce is intended to curb expenses and help the company “better adapt to current economic...
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River Island reportedly appoints financial advisors
British fashion chain River Island has reportedly hired financial advisers from global consultancy AlixPartners as the retailer looks to improve profits and cut costs, Sky News reports. River Island has been struggling with declining financial results and rising costs over an extended period. In October 2024, the company posted a pre-tax loss of...
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Ganni signs offtake agreement with Ambercycle for circular polyester
Danish womenswear brand Ganni A/S has further strengthened its sustainability goals by signing an offtake agreement with Ambercycle, a Los Angeles-based circular textile innovator. The agreement will see Ganni replace 20 percent of its use of virgin polyester and recycled bottle-based polyester with Ambercycle’s regenerated polyester, which is...
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Why do fashion companies invest in India?
Decathlon, Guess Jeans and Sandro are just a few of the fashion companies capitalising on India's growth opportunities, as the South Asian country becomes increasingly important for the fashion industry. According to Statista, the fashion market in India is expected to grow by 9.02 percent annually between 2025 and 2029. This growth creates...
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Australian footwear brand Ugg Since 1974 changes name after legal battle with Ugg
Australian footwear brand Ugg Since 1974 is changing its name overseas after a nearly decade-long legal battle with Deckers Brands, the US parent company of footwear brand Ugg, which holds exclusive sales rights for Ugg footwear in more than 130 countries. The Ugg Since 1974 name will no longer be used outside of Australia and New Zealand. In...
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British online retailer Asos expects 190 million pound loss from Atlanta distribution centre closure
British retailer Asos Plc has announced changes to the format of its distribution operations. In a press release, the online retailer explains that it wants to serve American customers through "smaller, flexible and local" locations in the US and is therefore closing its Atlanta distribution centre. This will result in a loss of approximately...
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Acne Studios achieves B-Corp certification
Swedish fashion brand Acne Studios has achieved B-Corp certification, joining a growing group of fashion companies committed to improving their environmental and social impact. Achieving B-Corp status was no easy feat for Acne Studios, the brand underscored in a press release today. To earn the certification, companies must answer more than 300...
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Shein dodges supply chain questions during UK parliamentary hearing
Amid its pursuit of a listing on the London Stock Exchange, Shein left a bad impression with British MPs during a hearing on Tuesday, January 7. The hearing is part of the UK's Workers' Rights Bill, which aims to protect workers from poor working conditions when buying imported goods. It was intended to give potential investors more clarity...
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Columbia Sportswear Company's chief technology officer exits
Skip Potter, chief technology and information officer of American sportswear company Columbia Sportswear Company, is stepping down from his role, according to a release from Columbia. Potter joined the company in August 2021 after previously serving as chief technology officer of Nike. Potter, according to his LinkedIn profile, has more than two...
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Stadium Goods to close New York store
Stadium Goods, a well-known US retailer of exclusive sneakers and streetwear, is closing its store in New York's Soho district after 10 years. The last day of operation is January 19, after which the company will focus on its online channels, Stadium Goods manager Michael Daniel told Footwear News (FN). Stadium Goods is part of Farfetch Limited....
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