The fashion industry is continuing to be “too slow” to deliver details on ethical practices, according to a new report by The Fashion Transparency Index, which tracks 250 of the world’s biggest brands and retailers.
The brand has announced that it has closed on a $14.5 million Series A funding round, financing which will allow the company to invest in its manufacturing capabilities, as well as in further material innovations.
Lyle & Scott is to open its first store in the UK’s capital with a debut at London Designer Outlet (LDO). It follows a number of labels that have signed up for an LDO shop since pandemic restrictions were eased.
Following an eventful year, during which the company navigated the Covid-19 pandemic and acquired cult streetwear brand Supreme, VF has reported Q4 revenue of $2.6 billion, up 23% from the prior-year period.