Top stories on just-style this week...
Top stories on just-style this week included a pledge by Marks & Spencer to eliminate hazardous chemicals from its supply chain by 2020, strong third-quarter profits at VF Corp, and news that Esprit is looking to raise up to HK$5.2bn as part of its restructuring plan.
UK: Marks & Spencer to cut hazardous chemicals from clothing
Fashion retail giant Marks & Spencer (M&S) today (24 October) pledged to eliminate all hazardous chemicals from its entire textile and clothing supply chain by 2020, in a move that also paves the way for the development of new ways to produce its products.
US: VF raises full-year forecast after strong third quarter
VF Corp today lifted its full-year expectations after recording a strong third-quarter performance.
UK: Asos head of women's wear buying departs
Online clothing retailer Asos has confirmed that Moriamo Oshodi, head of buying for trend brands, branded accessories and beauty, has stepped down after 12 years with the company.
US: HMX Group receives $65m DIP credit facility
US clothing company HMX Group has received a US$65m debtor-in-possession credit facility from Salus Capital Partners to help the company continue to operate as it seeks a buyer.
HONG KONG: Esprit seeks HK$5.2bn for turnaround
Hong Kong-based clothing brand Esprit is looking to raise up to HK$5.2bn (US$670m) through a rights issue to fund the execution of its transformation plan.
The complicated mix of legal requirements, standards and certification schemes facing brands and retailers when managing chemicals in the apparel supply chain was outlined at the recent Prime Source F...
Esprit's plans to rejuvenate its brand have been described as a "total calamitous failure" by one analyst after the fashion retailer's turnaround efforts yet again failed to gain traction....
Marks & Spencer is set to re-enter the Netherlands today (17 April) with a store and localised website. ...
Marks & Spencer director of lingerie, Janie Schaffer, has left the retailer after only a few months in the role. ...
Closed loop clothing recycling is set to grow in Europe as increased volumes of clothing are being collected for re-use and recycling, according to new research....
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