Apparel and textile industry company news

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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.

Adidas and Burberry awarded 'gold' for sustainability work Michelle Russell | 20 Feb 17

German sportswear giant Adidas and UK fashion brand Burberry have both been recognised as leaders for their sustainability practices, with Hugo Boss, Kering and Gildan Activewear also receiving recognition.

Gucci and YSL boost "excellent" Kering FY Beth Wright | 10 Feb 17

French luxury goods group Kering has booked an "excellent" performance in 2016, thanks to a sharp acceleration in growth in the second half, particularly from the firm's Yves Saint Laurent and Gucci  labels.

Kering sustainability focus embraces supply chain Beth Wright | 26 Jan 17

French luxury group Kering is expanding the scope of its sustainability strategy to incorporate the entire supply chain and embed sustainability at the very start of the design process.

Kering commits to cutting emissions by 50% Beth Wright | 21 Dec 16

Sportswear group Kering has become the first French company and the first luxury company to have its emissions-reduction plan approved by the Science Based Targets initiative.

Fashion firms failing to address deforestation risk Michelle Russell | 6 Dec 16

Leading international businesses – including apparel and textile companies – are ill-prepared for the risk that comes from sourcing products linked to deforestation, a major cause of climate change, a new report claims. 

Kering's Volcom uses sustainable fibre for swim line Michelle Russell | 2 Nov 16

Kering-owned luxury sports and lifestyle fashion brand Volcom has partnered with Italian yarn maker Aquafil to launch a women's swimwear collection made using a fibre derived from 100% regenerated nylon waste materials.

New design course to measure sustainability impact Beth Wright | 31 Oct 16

French luxury and sportswear group Kering is to help launch a new design curriculum aimed at teaching students about the environmental impacts of their creations as part of its long-standing partnership with The New School's Parsons School of Design.

Stella McCartney reveals first EP&L report Beth Wright | 5 Oct 16

British luxury fashion brand Stella McCartney has revealed its first environmental profit and loss (EP&L) accounts, which place a monetary value on the environmental costs and benefits of business generated by the company's direct operations and across its entire supply chain.

Kering partnership produces guidance on python trade Leonie Barrie | 26 Sep 16

Three new reports published today (26 September) suggest the wild harvesting and farming of pythons is ecologically sustainable and results in socioeconomic benefits for poor households in South-East Asia.

Apparel majors among top sustainability performers Michelle Russell | 9 Sep 16

Major apparel groups including Adidas, Gap Inc, Inditex, Gildan and Asics have been included in the Dow Jones Sustainability Indices (DJSI), putting the companies among the best-in-class sustainability performers globally.

Kering integrates EP&L into key sourcing decisions Leonie Barrie | 2 Aug 16

French luxury and sportswear group Kering is starting to use its annual environmental profit and loss (EP&L) report as a tool to drive decision-making in the design, sourcing and manufacturing of its products.

Kering H1 boosted by Gucci turnaround Michelle Russell | 29 Jul 16

French luxury goods group Kering has booked a "pleasing" second-half, with turnaround growth from the firm's powerhouse Gucci label boosting earnings. 

Kering calls for collaboration on sustainable supply chains Michelle Russell | 4 May 16

French luxury goods group Kering has made significant progress over the past four years towards its sustainability targets, but admits more collaboration is required if standards and practices are to improve across the supply chain.

Kering Q1 sales performance driven by organic growth Michelle Russell | 22 Apr 16

French luxury goods group Kering said it had a "solid" first-quarter thanks to its focus on driving organic growth and higher sales in both its luxury and sports categories. 

Kering appoints supply chain exec Bailly as COO Michelle Russell | 21 Mar 16

French luxury goods group Kering has appointed supply chain executive Jean-Philippe Bailly as its new chief operating officer.

Kering confident after "solid" FY profit hike  Katie Smith | 19 Feb 16

French luxury goods group Kering remains confident in its outlook, after posting a double-digit hike in annual net profit, helped by revenue growth in both its luxury and sport and lifestyle divisions. 

Growth weighs on Kering raw materials impact Leonie Barrie | 23 Nov 15

Luxury goods group Kering is scaling up its efforts to put a monetary value on the environmental impact racked up by its operations and global supply chain – but admits the impact of raw materials has increased as its business has grown.

Three steps to tackle climate change risks in luxury fashion Michelle Russell | 9 Nov 15

A new analysis of climate change and its implications for the fashion sector suggested apparel companies need to build resilient supply chains – with a focus on supporting production systems for raw materials – if they are to face up to the challenges.

Fibres and fabrics: Closed loop continues to create challenges Mark Rowe | 6 Oct 15

The concept of the closed loop – where a fabric is taken back mechanically to its original fibres and re-used – remains a key goal for the clothing and textile industry that presents a range of technical challenges.

Adidas, Kering and H&M lead on sustainability Leonie Barrie | 18 Sep 15

Adidas Group, Kering, Burberry, H&M and Gildan Activewear have all been listed in this year’s Dow Jones Sustainability Indices - ranking them among the best-in-class sustainability performers in the world.

Kering shares climb on mixed H2 Michelle Russell | 28 Jul 15

French luxury goods group Kering has recorded sales growth for the Gucci brand for the first time in two years, but saw second-quarter earnings slide.





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