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Canada Goose achieves 50 percent emissions reduction in FY26 sustainability report

Canada Goose has closed out the first chapter of its sustainability strategy with a 50 percent cut in market-based Scope 1 and 2 greenhouse gas emissions from its FY19 baseline, approval of its climate targets by the Science Based Targets initiative (SBTi), and full diversion of post-consumer warranty waste from landfill in FY26. The milestones...

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Spain's World Cup victory: new kit, sales surge for Adidas, and market challenges

The second star now has its place on the Spanish national team shirt. The emblem immortalises the team's second World Cup victory after defeating Argentina on Sunday. It joins the star commemorating the 2010 title win in South Africa. La Roja's kit, now featuring the second star above the crest, will hit the market in the coming weeks. Adidas,...

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Primark refines pricing strategy with permanent price reductions

Primark is permanently reducing the prices of 26 percent of its fall/winter collection. The price reductions are part of the international "Iconic Value" campaign, according to a press release from the retailer. A Primark spokesperson told FashionUnited that the prices of the items in question are on average 10 percent lower than last year. This...

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Reformation launches IPO roadshow, targeting up to 239 million dollars

Reformation has launched the roadshow for its initial public offering, moving the Los Angeles-based womenswear brand into the final stretch of its path to the New York Stock Exchange, where it has been approved to list under the ticker symbol “REF.” The company announced Monday that it is offering 14,062,500 shares of common stock at an expected...

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Boohoo faces new 10-million-pound claim over Leicester sweatshop scandal

The shareholder lawsuit against Boohoo continues to grow. The Telegraph reported that 11 additional institutional investors have joined the High Court claim against the fast-fashion retailer, adding roughly 10 million pounds in new claims and pushing the total compensation sought to 245 million pounds. The new claimants include the Bank of Korea...

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European 'destruction ban' is officially in effect: a historic day for fashion?

From July 19, clothing brands are no longer allowed to burn their excess stock or have it 'destroyed' in any way. This makes it less attractive to order in bulk from factories, which involves large orders at a low cost. From now on, the buyer will have to pay for what is left over. 'Ban on destruction of unsold goods' in brief In Europe, an...

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Australian Fashion Council explores first local clothing smart factory

The Australian Fashion Council (AFC) has commissioned a feasibility study into establishing a clothing smart factory in New South Wales, with the longer-term aim of creating a scalable model for local garment manufacturing. The proposed facility would give Australian fashion brands access to small-scale, on-demand production and product...

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What the UK’s proposed under-16 social media ban could mean for fashion businesses

Earlier this year, the UK government revealed plans to prevent social media platforms from being accessible to people under 16. While the announcement sparked heightened debate, drawing both opposition and support, it aligns the UK with other countries considering similar restrictions on user-to-user platforms, including Australia, which...

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Mr Marvis secures investment and welcomes new shareholders

Dutch menswear brand Mr Marvis has received an investment from existing shareholders Amlon Capital and Capital A Investment Partners. Additionally, Christian Stahl, former partner at Apax Partners; Manny Chirico, former CEO of PVH Corp.; and Martijn Hagman, former CEO of Tommy Hilfiger and PVH Europe, are joining as shareholders. The company...

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Knitwear brand The Knotty Ones goes up for sale amid challenging market conditions

Premium knitwear brand The Knotty Ones has launched a sale of the business after a decline in consumer spending and challenges accessing investment capital impacted performance. The Lithuanian label has appointed Hilco to oversee the sale of the business and assets. The firm stated it could either operate as a standalone company or as a bolt-on...

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Activewear Group enters administration after 12 years in business

UK clothing and activewear retailer Activewear Group has entered administration, according to a filing published in The Gazette. Stuart Kelly and Claire Harsley of Mackay Goodwin were appointed joint administrators on July 8. The company, which was established in 2014, specialises in affordable activewear, workwear and uniforms, alongside...

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Aeffe: Bologna court authorises two million euro shareholder loan

The Court of Bologna has authorised Aeffe spa to take out an interest-free shareholder loan of 2 million euros (2.29 million dollars) with shareholders Colloportus srl and Fquattro srl, companies owned by Alberta and Massimo Ferretti based in San Giovanni in Marignano. Yesterday, in a statement, the company listed on the Euronext Milan market of...