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Shandong Ruyi resists Lycra sale in favour of IPO amid debt crisis say sources
Fashion conglomerate Shandong Ruyi has brushed aside a sale of textile maker Lycra proposed by Lycra's creditors and is instead looking to publicly float the business, two people with direct knowledge told Reuters.
Fashion
Industry
Henkel shampoo sales slide but cleaning products soar
German consumer goods group Henkel reported a big drop in sales of its beauty care business on Thursday on the closure of hair salons due to the coronavirus.
Beauty
Business
Unifi sales fall, makes a loss, but recovery is under way
Unifi, a leading innovator in recycled and synthetic yarns, posted a sales decline to $606.5m in fiscal 2020, which ended on June 28, compared to $708.8m last year. It saw a net loss of $57.2m.
Fashion
Business
Hammerson to raise £825m, reboot lease terms with retailers, sell VIA stake
UK shopping centre operator Hammerson announced moves to raise a combined £825m on Thursday and said it would reboot the terms of its leases with retailers as it faced a slump in rent collections and footfall.
Fashion
Retail
Trade shows
Momad postpones next show to February 2021
Madrid-based fashion tradeshow Momad has postponed its next edition to February 2021, with Ifema and the organising committee aiming to hold the event in a “strengthened economic environment”.
Fashion
Trade shows
Virtual trade show Pitti Connect online for over three months
Pitti Immagine has unveiled the website hosting all its trade shows until the end of October, featuring exhibitors’ collections and plenty of content and events, like ‘Sustainable Style’, headlined by Y/Project.
Fashion
Trade shows
Pitti praises EU accord, unveils Dolce & Gabbana plans
Pitti, fashion’s most important menswear trade fair, has praised the EU agreement to create a 750-billion-euro coronavirus recovery fund, and revealed more details of its plans to welcome Dolce & Gabbana in September.
Fashion
Industry
Childrenswear show Playtime goes 100% digital this season
Having cancelled the summer editions of the shows in Paris, New York and Shanghai, Playtime is relying on virtual solutions this season, powered up by new tools on its ‘I Love Playtime’ e-marketplace.
Fashion
Trade shows
