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Kontoor agrees to divest Lee brand to Authentic in $1bn deal

Kontoor Brands has entered into a definitive agreement to divest its Lee business to Authentic Brands Group (Authentic) for a total value of up to $1bn.

Latest news

AI smart glasses saving CO2 at Bangladesh RMG factories

Speaking at Global Fashion Summit in Copenhagen, ThreadBridge says its AI-powered instant defect detection glasses have already saved 37 tonnes of carbon emission across four factories in Bangladesh.

UK clothing sales volumes hit lowest level since June 2025

The latest retail sales data from the Office for National Statistics (ONS) shows a 1.3% fall in retail sales volume in April 2026, after a 0.6% rise in March.

Very Group fashion sales decline for fourth straight year despite Q3 growth

GlobalData says The Very Group’s fashion business remains under pressure despite the retailer’s return to topline growth and must strengthen its fashion proposition to compete with ultra-fast-fashion players.

H&M, Primark, Vinted back campaign to scale resale economy

Fashion brands including Primark, H&M, Vinted, Zalando and Etsy are urging governments to reform policy frameworks they say are holding back the scaling of circular business models such as resale and repair.

Vietnamese Pavilion to debut at Source Fashion July 2026

Source Fashion has continued its international expansion by confirming the launch of a Vietnamese Pavilion at its July show this year.

Hoka, Ugg push Deckers Brands to record $5.47bn FY26 net sales

Deckers Brands has registered record net sales of $5.47bn in fiscal 2026 (FY26), marking a 9.8% year-on-year increase, with Hoka and Ugg brands contributing significantly to this growth.