South African Retail Giant Mr Price Acquires Studio 88 Group
Mr Price paid 3.3 billion rand ($225.4 million) for a 70 percent stake in the group, which includes brands SideStep, John Craig and Skipper Bar.
Georgina Safe
How Much Will Luxury Benefit From Australia’s Reopening?
Wealthy tourists are key to the recovery of the Australian luxury market but analysts predict that the sector won’t return to pre-pandemic levels until next year.
Fragrance Industry Wakes up to Australian Botanicals
Entrepreneurs are using exotic botanicals from Australia to create unique scents that attract the attention of global retailers and perfume giants like Guerlain, LVMH and Estée Lauder.
Australia’s First Nations Fashion Designers Make a Mark
After years of marginalisation and underrepresentation, Indigenous designers are carving out new business opportunities in the Australian fashion sector. Is the industry doing enough to support them?
Australia Invests Big in Its Fashion Industry
At a time when government funding is scarce elsewhere, Australia is injecting more than $380 million into its fashion and design industries. Is the money being well spent?
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The News in Brief
RM Williams Owner Invests $20 Million in Plant-Based Leather Maker
The Australian bush clothing and footwear brand could soon be making a plant-based version of its famous boots following a $20 million investment in sustainable textile company Natural Fiber Welding.
Australia’s Scanlan Theodore Doubles Down on US Market
The designer label will expand from two to six US stores in the next 18 months, opening four new locations in key luxury markets across the country.
Sri Lanka’s Apparel and Textiles Sector Struggles Amidst Financial Crisis
Factories serving some of the biggest global fashion brands may soon be unable to meet production targets in the country’s worst financial crisis in decades.
Indian Cruelty-Free Beauty Brand Plum Raises $35 Million in New Funding
The series C round was led by by A91 Partners and the new capital will be used to grow Plum's omnichannel presence and expand into new product categories and geographic regions.
Arezzo & Co’s Net Revenue Rises 81% in 2021 on Physical Retail Acceleration
The Brazil-based footwear and accessories conglomerate registered full year 2021 adjusted net revenue of 2.93 billion Brazilian reais (approximately $575.7 million).
Consumer Recovery Continues at Australia’s Largest Fashion Event
The Melbourne Fashion Festival (MFF) closed on Saturday with a stadium-style show for 5,000 guests at the city’s Margaret Court Arena.
Decade-Long Uzbek Cotton Boycott Ends
A coalition of retail trade associations, human-rights organisations and investor groups has ended its global boycott of cotton from Uzbekistan, citing a breakthrough in the elimination of systematic child and forced labour from the nation’s cotton fields.