Fashion Industry
10 articles
Bangladesh garment factory closures leave thousands jobless
In Gazipur's Board Bazar, the permanent closure of Unique Designers & Unique Washing Ltd left approximately 2,200 employees suddenly jobless.
Saks Global rebrands to Exemplar Luxury Group post-bankruptcy
After shedding billions in debt and closing numerous outlets, the rebranded Exemplar Luxury Group will now purchase over $3 billion of goods annually at cost for its remaining 49 core luxury retail lo
Exemplar Luxury Group focuses on high-margin luxury post-Saks bankruptcy
After five months in Chapter 11, Saks Global emerged as Exemplar Luxury Group, shedding 75% of its multi-billion dollar debt and nearly 60 physical stores, including almost its entire off-price divisi
New jewelry trade event debuts at Paris Fashion Week
A new jewelry trade event, Le Rendez-Vous, is set to debut during Paris Fashion Week, directly challenging Bijorhca's long-held claim as the 'only international trade show dedicated to the jewellery m
Piacenza Group Opens New Milan Office, Expanding Fashion Footprint
Piacenza Group, fresh off a 4 percent revenue increase to 107 million euros in 2025, has just opened a sprawling 4,860-square-foot office in Milan.
Bangladesh garment factories cut thousands of jobs as orders plummet
In the Ashulia industrial zone, 35 garment factories dismissed approximately 5,000 workers between January and May, marking the steepest losses in a widespread wave of layoffs across Bangladesh.
Grasim Industries reports Rs 3,094 crore Lyocell expansion
Grasim Industries is reportedly investing Rs 3,094 crore, or nearly $324 million, to significantly expand its Lyocell capacity in India.
Frasers Group Launched Takeover Bid for Hugo Boss
Frasers Group launched a takeover offer for Hugo Boss in 2026, valuing the premium fashion house at approximately €1.
Lenzing AG Appoints Georg Kasperkovitz as New CEO
Rohit Aggarwal, the outgoing CEO of materials giant Lenzing AG, will remain with the company as an advisor until the end of September 2026.
Shein buys Everlane, sparking clash over sustainability
Everlane, a brand built on 'radical transparency' and sustainable clothing, is being sold to ultra fast-fashion giant Shein for $100 million, primarily to absolve its $90 million in debt, according to