Sporty styles, ASOS’ steady growth, Inditex grows profit, Burberry ethics row, Chanel pays out

Roksanda Ilincic, Paul Smith, Simone Rocha Spring/Summer 2013 | Source: Nowfashion

Sporty? It’s the Olympics, Stupid! (IHT)
“This year has been a game changer in British attitudes toward sports, leaving behind the typical ironic and laconic talk about being ‘good losers’ and instead rejoicing in gold medal glory. So it is with fashion. While New York designers appear to be moving away from their American sportswear roots, the London summer 2013 collections are embracing dynamic dressing.”

ASOS maintains heady sales growth (Reuters)
“British online fashion retailer ASOS said it would make year profit forecasts after it maintained a heady rate of sales growth in its fourth quarter, buoyed by strong trading in overseas markets such as the United States and Australia.”

Zara owner Inditex grabs new customers to grow H1 profit 32 pct (Reuters)
“The world’s largest clothing retailer, Zara owner Inditex, posted a 32 percent jump in first-half year profit on Wednesday, taking market share in its home market Spain and grabbing new customers online and in emerging markets.”

Burberry stops handbag production in Chinese factory in ethics row (Guardian)
“British-owned luxury goods manufacturer Burberry has pulled production of its bags from a factory in the Guangdong Province of China. The move follows concerns that working hours and conditions at the factory, operated by the Korean company Simone Accessories Collection, were in possible violation of Burberry’s ethical guidelines.”

Chanel ordered to pay £161,000 in counterfeiting case (Telegraph)
Chanel has been ordered to pay a former knitwear supplier, World Tricot, £161,000 (€200,000) by the Paris Court of Appeal.  The ruling is the latest twist in an ongoing legal battle between the two companies.”