Clariant will take a 10% stake in French cosmetics ingredients maker Plant Advanced Technologies , the Swiss specialty chemicals company said on Friday, setting up a strategic partnership between the two companies.
According to a recent report from The NPD Group, U.S. apparel retail is set for a resurgence in the next two years, with categories such as sweats, swimwear, sleepwear and dresses driving sales growth.
The company formed when VF spun off its jeanswear business in May announced on Monday that it has named the denim industry veteran as the new managing director of its Europe, the Middle East and Africa region.
With the recent creation of Kontoor Brands Inc., Lee and Wrangler have separated from VF Corp. Simon Fisher, who previously worked for the two denim brands, is now back in charge of their EMEA business.
Boohoo delivered a powerful set of final results on Wednesday to show just how much money can be made from selling affordable fast-fashion online and that its formula can perform globally as well as in the UK.
“Disappointing” was how Asos described its first half as pre-tax profits went into freefall (down 87%). While sales rose 14% for the six months to the end of February, the retail gross margin dropped 60bps.