"From top fashion brands like H&M and Gucci to small fabric companies, all fashion lovers are making conscious efforts to reduce the colossal amount of waste filling our landfills every year. Luxury brand LVMH Moët Hennessy Louis Vuitton recently signed a five-year biodiversity partnership with UNESCO, committ... Read more
"A recent survey by Label Insights reveals, millennial consumers are curious about the companies they buy their clothes from. They covet transparency and honey and prefer to buy only from brands that are transparent. Apparel companies like LVMH’s Dior, Chanel, Gucci and Prada are therefore, supplementing visually... Read more
"Gone are the days when around 95 per cent of the clothes sold in the US were also manufactured in the country. Now, finding apparels made in the US is almost like finding a needle in a haystack as around 97 per cent of all clothing and 98 per cent of all footwear is imported."
Gone are the days when around 95... Read more
"The Chinese fast fashion market has been in doldrums since the last two years with overseas brands struggling with declining profits. Brands like H&M and Forever 21 have been rolling back planned expansions as the recent annual report of H&M reveals. The brand’s net sales have declined from 7 per cent in... Read more
"Miniscule in size as of now, plus size start-ups are searching for venture capitalists who can change the dynamics of their business by providing them adequate funds. However, Nadia Boujarwah, Cofounder of the plus-size personal styling service Dia&Co, notes investors usually try to match their current opportuniti... Read more
"Around 60 per cent of Indian textile industry, projected to grow $223 billion by next few years, is cotton-based. Cotton cultivation consumes around 25 per cent of the world’s pesticides which is fast becoming a major cause of concern for the industry. Textile is the one of the biggest contributors of both dry a... Read more
"The invasion of technology is reinventing the fashion world with customers moving away from brick and mortar stores to online shopping. However, the luxury fashion sector has, until now, remained immune to this change as here the experience of shopping in opulent boutiques is almost as important for customers as the c... Read more
"A new research report by DBS Bank’s economist Radhika Rao, says the US-China trade conflict is a golden opportunity for India to increase its trade footprint particularly in categories on which Washington has imposed tariffs on Beijing. The report lists various ways the trade war can benefit India."
A new res... Read more
"The government has relaxed FDI rules for foreign single brand retailers. It has also permitted 100 per cent FDI under the automatic route in contract manufacturing and coal mining and a 26 per cent FDI in digital media. Also, the government has expanded the definition of mandatory 30 per cent domestic sourcing norm fo... Read more