Diesel initiates campaign against counterfeiting

[ad_1] Translated by Roberta HERRERA Published Feb 1, 2024 Leveraging cutting-edge technology, Diesel has achieved a “substantial decrease in the number of counterfeit Diesel products” in the market. The renowned denim label under the Italian fashion powerhouse, OTB, has been vigilantly monitoring the market in this ongoing fight against counterfeiting, and the results have been […]

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New H&M boss Daniel Ervér faces pricing dilemma in fight to win back customers

[ad_1] By Reuters API Published Jan 31, 2024 The new boss of H&M faces a thorny dilemma: increase prices and lose more ground to budget online fast-fashion rival Shein, or cut prices and risk profit margins falling short of target. Daniel Ervér, 42, took the reins at H&M on Wednesday after Helena Helmersson quit in […]

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Gen Z Is splurging on luxury goods to soothe their economic despair

[ad_1] By Bloomberg Published Jan 31, 2024 What really matters anyway? That’s what Nia Holland, 24, thought after spending $2,500 on a vintage Chanel bag, draining her savings. Earning little money with campus research jobs during graduate school, she knew her money could be better spent, saved or invested. Chanel But at the same time, she said […]

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Zegna Group accelerates in Q4 and closes 2023 on 27.6% growth

[ad_1] Ermenegildo Zegna Group is ending the year on a high. The Italian group specialising in very high-end menswear, which is listed on the New York Stock Exchange, is forecasting sales growth of 27.6% in 2023 (+19.3% on an organic basis) to €1.9 billion, as announced on the publication of its preliminary annual results. Its […]

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GJEPC brings together over 800 Bengali artisans for support seminar

[ad_1] The Gem and Jewellery Export Promotion Council brought together over 800 artisans from Bengal for an industry seminar at Varachha in Surat. The event was designed to promote support services for the sector.  The GJEPC works to boost India’s jewellery production and exports – GJEPC – India- Facebook Assistant labour commissioner S S Dubey […]

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Véronique Gautier steps down as global president

[ad_1] Translated by Nicola Mira Published Jan 31, 2024 Véronique Gautier, global president of Armani Beauty since 2010, has announced she is stepping down from the role and leaving the L’Oréal Group, which has held the Italian label’s beauty products’ licence since 1988. The Acqua di Gio Absolu perfume – DR “Time has come to […]

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C line in Indian market

[ad_1] Japanese apparel and lifestyle brand Uniqlo will launch its collaborative line with British fashion designer Clare Waight Keller in the Indian market this February. This smart casual men’s and women’s clothing line will add to its product offering in the country.  A handbag from the Uniqlo : C line – Uniqlo Designed for everyday life, […]

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Arvind Limited sees profits rise, revenue drop in FY24 Q3

[ad_1] Textile business Arvind Limited saw its consolidated net profits increase by 8.41% year-on-year in the third quarter of the 2024 financial year. However, the business’ revenue from operations dropped by 4.62% during the quarter due to price deflation.  Arvind Limited’s stall at a recent trade event – Arvind Limited- Facebook Arvind Limited reported a […]

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