Sustainability is back in fashion (IHT) As the industry redefines the meaning of luxury, “Sustainability” and “Responsibility” have become the new buzz words. Ted Baker profits fall (Drapers) Ted Baker saw pre-tax profit fall 19.5% to £17.8 million for the 53 weeks ended January 31. In Fashion, Some Like It Haute (WSJ) “Economic crisis doesn’t mean the end of luxury. But while many brands have
CARACAS, Venezuela — On the rare day that Zara had clothing to sell in Venezuela, the fast fashion was disappearing even more quickly than usual.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
MADRID, Spain — Spanish fashion retailer Inditex, which owns Zara stores, says its net profit fell by 7.3 percent in the first quarter as a strong euro dented earnings in other currencies.
NEW YORK, United States — In the past five years, Inditex has shifted almost $2 billion in profits to a tiny unit operating in the Netherlands and Switzerland, records show. Although that subsidiary employs only about 0.1 percent of Inditex’s worldwide workforce, it reported almost 20 percent of the parent company’s global profits last year, according to company filings.
BERLIN, Germany — Spanish fashion label Desigual is accelerating its expansion in Europe and emerging markets, seeking to ride predictions of fast growth in women's apparel while also taking the colourful brand into new areas like perfume and shoes.
PARIS, France — Retailers in Europe are predicting their best Christmas since the financial crisis, though optimism is laced with caution in the face of rising e-commerce and early discounting in a fragile economic recovery.
MADRID, Spain — Inditex SA, the owner of the Zara and Massimo Dutti chains, reported nine-month profit in line with analyst estimates as the retailer expanded online.