Apparel and textile industry company news

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Kering develops new standards for animal welfare Hannah Abdulla | 14 May 19

Luxury goods group Kering has published new Animal Welfare Standards in a bid to ensure the humane treatment of animals across the company's supply chains.

Kering off to solid start with double-digit Q1 sales rise Hannah Abdulla | 24 Apr 19

Luxury apparel group Kering has reported a 21.9% jump in sales on a reported basis, which includes the impact of currencies and acquisitions, to EUR3.8bn during the first quarter of 2019.

Kering posts FY profit jump on higher sales Hannah Abdulla | 12 Feb 19

Luxury French fashion house Kering has booked "record high" full year profits that saw a net profit jump of 108% to EUR3.7bn on the back of healthier full-year sales.

Kering paper links Planetary Boundaries to CSR decision-making Beth Wright | 24 Jan 19

French luxury goods group Kering has partnered with the University of Cambridge Institute for Sustainability (CISL) to publish the first in a series of white papers on the concept of Planetary Boundaries, explaining how it can be applied in the context of corporate sustainability.

Kering tops sustainability list for second time Beth Wright | 23 Jan 19

Kering has been named the most sustainable corporation in the Luxury and Apparel and Accessories sectors for the second consecutive year, according to a new index published at the World Economic Forum in Davos, Switzerland, this week. 

Kering to regain control of its e-commerce activities Beth Wright | 26 Nov 18

French luxury goods group Kering has outlined a series of new developments under its digital strategy, including plans to regain control of its e-commerce activities by 2020.

Inditex, M&S help develop forestry mapping tool Beth Wright | 8 Nov 18

Inditex, Kering, H&M, and M&S are among seven apparel brands and industry organisations that have collaborated with forestry conservation not-for-profit Canopy to develop a new interactive tool that aims to help companies transition to a more sustainable supply chain and identify areas of potential sourcing risk.

Gucci drives "outstanding" Kering Q3 Beth Wright | 25 Oct 18

French luxury goods group Kering has hailed "another quarter of outstanding growth", thanks, once again, to a standout performance at its Gucci label.

Pioneering partnership on traceable organic cotton for Kering Hannah Abdulla | 15 Oct 18

Italian textile maker Albini Group has partnered with scientific traceability company Oritain to produce what it claims is the first 100% traceable Supima organic cotton, which will be used in collections from global luxury group Kering, owner of brands including Gucci, YSL, Balenciaga and Alexander McQueen.

Kering joins STOXX 50 European index Beth Wright | 26 Sep 18

French luxury goods group Kering has joined the Euro STOXX 50 index, one of the major indexes of listed shares of the euro area.

Gucci drives "dazzling" H1 growth at Kering Beth Wright | 27 Jul 18

French luxury goods group Kering has posted a profit hike of more than 185% in the first half of 2018, hailing an "excellent" six-month performance in which the group refocused on luxury.

Knowing your supply chain is the first step to sustainability Beth Wright | 4 Jul 18

With most of the environmental impact of an apparel brand or retailer's business embedded in its supply chain, knowing and understanding exactly who’s on the list is a vital first step to tackling sustainability.

Kering mulls selling Christopher Kane back to designer Beth Wright | 22 Jun 18

French luxury goods group Kering has announced it is in discussions with Christopher Kane about the conditions in which the British designer could take back full control of the eponymous brand.

Gucci drives Kering Q1 with "spectacular" growth Beth Wright | 25 Apr 18

French luxury goods group Kering delivered what it calls remarkable growth in the first three months of 2018, thanks to another standout performance at its Gucci label.

Stella McCartney to take back full control of brand Beth Wright | 29 Mar 18

British designer Stella McCartney is to take sole ownership of her eponymous luxury fashion brand, buying back the 50% stake held by French luxury goods group Kering.

Fashion giants spell out CEO sustainability agenda Michelle Russell | 27 Mar 18

Kering, Hennes & Mauritz (H&M) and Li & Fung are amongst a group of industry heavyweights backing new guidance to help fashion CEOs decide where to focus their sustainability efforts in 2018.

Kering and LCF launch first open-access digital sustainability course Beth Wright | 20 Feb 18

Kering has partnered with London College of Fashion (LCF) to launch what it claims is the world’s first open-access digital course in luxury fashion and sustainability.

Gucci drives "phenomenal" year for Kering Beth Wright | 13 Feb 18

French luxury goods group Kering has hailed a "historic performance" in 2017, powered by its flagship Gucci brand  – but cautioned the strong euro may weigh on its business in 2018.

Kering tops new sustainability list Beth Wright | 25 Jan 18

Kering has been named the most sustainable corporation in the textile, apparel and luxury sector, according to a new index published at the World Economic Forum in Davos, Switzerland, this week.

Kering spins off Puma to focus on luxury Michelle Russell | 12 Jan 18

French luxury goods group Kering is to spin off German sports brand Puma to its shareholders as part of plans to transform itself into a pure luxury player.

Adidas among group calling for climate action Beth Wright | 14 Dec 17

German sportswear giant Adidas is among more than 50 major global corporates calling on world leaders to tackle climate change by introducing framework conditions that lay the foundation for a pathway towards limiting global temperature rise to well below 2 degrees Celsius.

Organic cotton guides aim to boost sourcing Michelle Russell | 9 Nov 17

French luxury goods group Kering and non-profit Textile Exchange have launched two guides on the organic cotton trade they say will provide a blueprint for companies sourcing organic cotton, and incorporating it into their supply chains.

Kering and Burberry raising the bar on climate change Michelle Russell | 26 Oct 17

Burberry and Kering are among 160 leading companies leading the way when it comes to taking action on climate change, water and deforestation in 2017, according to a new analysis.

Kering prepares for "record" year amid strong Q3 Michelle Russell | 25 Oct 17

French luxury goods group Kering has said it expects a record year after achieving double-digit sales growth in its third-quarter thanks to a strong performance from Gucci.

Puma raises FY guidance amid "strong" Q3 Beth Wright | 19 Oct 17

In light of a "strong" third-quarter increase in sales and profitability, as well as the positive business outlook for the fourth quarter, German sportswear brand Puma has raised its full-year guidance for the third time this year.

Kering reports record H1 powered by Gucci Michelle Russell | 28 Jul 17

French luxury goods group Kering posted record earnings and operating margins in its first-half powered by its flagship brand Gucci and thanks to growth across the board and successful execution of its strategy.

Adidas leading the way in tackling leather supply forced labour Beth Wright | 29 Jun 17

Publicly available information reveals very little on how - apart from auditing suppliers – brands and retailers address forced labour risks in countries where they produce hides, process leather, and manufacture leather goods. However, German sportswear giant Adidas marks the exception, new research shows.

Dior, Nike and Inditex world's largest apparel companies Beth Wright | 26 May 17

Parisian fashion house Christian Dior, US sporting goods behemoth Nike, and Spanish clothing giant Inditex have all topped Forbes' 2017 The World's Biggest Public Companies ranking.

Clothing brands commit to 100% sustainable cotton by 2025 Michelle Russell | 25 May 17

Asos, Kering, Levi Strauss & Co and Nike are among 13 clothing and textile brands who have committed to using 100% sustainable cotton by 2025.

Gucci leads "outstanding" Kering Q1 Beth Wright | 26 Apr 17

French luxury goods group Kering has booked what it calls "outstanding" revenue growth in the first quarter of 2017, thanks to record sales at its Gucci label.





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