Shanghai's Intertextile, Yarn Expo and Chic trade events showed the local textile industry is shifting towards sustainable materials, as it strives to respond to the Chinese millennials’ new expectations.
Debenhams is seeking a £200m funding lifeline from existing lenders which would allow it to launch a drastic refinancing plan. Mike Ashley responded with an offer to buy its Danish business for £100m in cash.
Who What Wear UK has announced a new partnership with peer-to-peer wardrobe rental platform, Hurr Collective, “a disruptive platform that allows women to share and monetise their wardrobes, by renting and not buying.”
Chinese police have arrested 32 members of a group they said made and sold up to 100 million yuan ($14.8 million) worth of counterfeit luxury goods from brands such as Louis Vuitton and Loewe, news agency Xinhua said.