In 2021, the European textile and apparel industry managed to reduce its trade deficit to €48 billion, according to industry association Euratex, which underlined the impact of Brexit and rising transport costs.
Last Friday, Canada announced a ban on trade in luxury goods with Russia, and added 14 other individuals, including known oligarchs, to the list of sanctions imposed in connection with the Russian invasion of Ukraine.
The European antitrust authority has carried out a series of surprise checks on a number of fashion labels, whose names have not been revealed, suspecting infringements to the EU’s competition regulations.
UK health & beauty retailer Superdrug has launched its ‘Shop Smart’ campaign in partnership with poverty campaigner and activist Jack Monroe, to help customers navigate the growing cost of living crisis.
In an interesting development, the new series of hit TV show Love Island sees it partnering with eBay UK to dress contestants in pre-owned clothes rather than the fast fashion that's the staple fare of the show.
The German group is the fifth founding member, and the only car manufacturer, to join the global blockchain platform dedicated to the luxury industry, formed by heavyweights LVMH, Prada, Cartier and the OTB Group.
Staff from 100 of the biggest retailers operating in Britain, including ASOS, H&M, New Look and Superdrug, have taken part in the first wellbeing festival for retail workers run by industry charity the Retail Trust.
A Stockholm restaurant crew is wearing cotton aprons that capture greenhouse gas from the air, in a pilot of a technique developed by H&M-backed researchers as the fashion industry struggles to lower its climate impact.
Evidence of red-hot inflation seeping into the American economy is sending a chill through investors after major U.S. retailers reported people are cutting back on buying bigger-ticket items as they just try to get by.