Strong sales at recession-proof discount clothing retailer Uniqlo have made company founder Tadashi Yanai Japan's richest man, worth $6.1 billion, Forbes magazine said in its annual rankings. The net worth of the 60-year-old Yanai jumped $1.
Italy's fashion industry is calling for government help as the global crisis cuts into demand for designer clothes and accessories and the sector's first credit crunch casualty goes into special administration.
Nike , the world's largest athletic shoe and clothing maker, warned on Tuesday that up to four percent of its workforce could be cut amid an ongoing business review aimed at bringing products more quickly to market while reducing expenses.
The Christian Dior luxury holding giant revealed a sharp slide in performance on Monday with a drop in fashion clothing profits after its main unit LVMH reported strains from the financial crisis.Christian Dior reported a 9.
A mysterious, maple syrup-like odour that has periodically wafted over New York City since October 2005 has been linked to New Jersey fragrance processing plants, New York Mayor Michael Bloomberg said on Thursday.
Stall owners at Beijing's Silk Street Market, for years famous for its knock-off designer ware, protested at a law firm representing trademark holders this week after seven were suspended for selling pirated goods.
Women's-apparel and accessories maker Bebe Stores Inc posted a second-quarter profit that edged past market estimates, as sales were better than expected and expenses decreased, but forecast a surprise loss for the third quarter.