Civil war economy hits Myanmar garment workers
By AFP Published November 21, 2024 As civil war pounds Myanmar’s economy and drives up prices, garment worker Wai Wai often starts her shift making clothes for international brands on …
Bestseller
former H&M Group CEO takes helm as board chair
Translated by Roberta HERRERA Published November 18, 2024 Nine months after filing for bankruptcy, Circulose (formerly known as Renewcell) has named Helena Helmersson, former CEO of H&M Group, as president …
Bestseller annual revenue falls by 4% but profits rise
Published October 14, 2024 Danish fashion giant Bestseller has released its annual results and said its performance in 2023/24 was “impacted by challenging conditions in the global fashion market”. Jack …
ASOS cuts net debt load by £150 million
Published September 11, 2024 ASOS’s news last week that it was selling majority control of Topshop and Topman and refinancing its debt appears to have had a very positive impact …
Munich Fabric Start took place in a friendly atmosphere, despite a slight drop in the number of visitors
Despite a slight drop in the number of visitors, Munich Fabric Start has drawn a positive balance from this year’s event, which took place over two days for the first …
ASOS £135m Topshop sale was agreed despite higher bids
News last week that ASOS was selling a 75% stake in Topshop and Topman for £135 million showed the e-tailer making loss on the deal. But what it didn’t say …
ASOS in £135m Topshop JV with Bestseller owner’s holding company
ASOS has big news on Thursday, delivering a trading update, a joint venture for Topshop and Topman, and details of new funding partly linked to the Topshop deal. Topshop There’s …
CIFF focuses on Germany and strengthens its partnership with Copenhagen Fashion Week
The Danish fashion fair is counting down the days to its 63rd edition, which will return to the Bella Center in Copenhagen from August 7 to 9. The summer event, …
Fashion Supplier initiative launches with big-name support, aims to accelerate decarbonisation
A number of the biggest fashion brands on the planet are cooperating on a new Future Supplier Initiative that “offers a collective financing model for brands to support apparel suppliers’ …
The Bestseller Group entrusts its French director with the Italian market
Longevity is the name of the game at Bestseller. Director of France for the Danish fashion group since 2013, Thibaut Demange has also been entrusted with Italy from August 2024. …