British fashion brand Joules has recorded a fall in first-half sales and profit, impacted by poor Christmas trading due to stock availability issues, non-recurring costs linked to supply chain initiatives, China-US tariffs and the timing of Black Friday this year.
Cambodian garment factories are exploring options to automate and digitise operations in order to grow efficiencies and secure new business, according to fashion tech platform Zilingo, which recently showcased its offering at a conference hosted by the Garment Manufacturers Association of Cambodia (GMAC).
Shares in Hugo Boss have increased this morning (21 January) as the German fashion brand has achieved its adjusted targets for the 2019 financial year thanks to a "significant" increase in sales and earnings in the final quarter.
MANCHESTER UNITED have been charged by the Football Association for failing to "conduct themselves in an orderly fashion" during their Premier League defeat against Liverpool on Sunday. United's players surrounded referee Craig Pawson midway through the opening period after Virgil van Dijk challenged David De Gea. Roberto Firmino subsequently scored, but his goal was chalked off following a VAR review of Van Dijk's clash with the United goalkeeper. United have until Thursday to respond to the charge. More to follow…
Tyton BioSciences, which develops recycling technology for the fashion industry, has secured US$8m in a Series A funding round led by Tin Shed Ventures, the investment arm of outdoor apparel brand Patagonia.