The owner of brands including Wrangler and Lee announced on Monday that it is expanding its Indigood water saving program to include any technology that uses at least 90% less water than conventional fabric production.
In a year when the Hong Kong-based brand management group embarked on an ambitious restructuring program and had to face up to the disruptions caused by the Covid-19 pandemic, the company saw its revenue fall 29%.
The global sourcing giant has grown vulnerable in the last few years, and was given the green light by its shareholders to delist from the Hong Kong stock exchange to protect its capital amidst the health emergency.
The Hong Kong-based apparel, footwear and brand management company announced on Thursday that it has made significant progress in reducing its net loss as it continues to push forward with aggressive restructuring.
In April, Volcom was sold by Kering to a pool of investors including the US brand’s management. It has ambitious plans for the future, as Todd Hymel, CEO of Volcom’s new owner Liberated Brands, told FashionNetwork.com.