Fashion News H&M’s new CEO takes cue from Zara with faster fashion strategyIn his first update as CEO, Daniel Erver said producing more relevant clothing ranges and getting them into shops quickly will positively impact H&M’s bottom line
Fashion News H&M to launch recycled-polyester initiative in latest sustainability bidH&M is forming a joint venture with Vargas Holding to reduce textile waste through large-scale polyester recycling plants
Companies Shein’s Irish business churns €4.5bn in revenueSales at the fast fashion giant’s Irish entity - which is in its second year of business - tripled in 2022
Markets Shein files with US regulators for an IPO that could value Chinese fast-fashion giant at $90bnThe online retailer has become hugely popular in thanks to its trendy clothing at ultra-low prices
Fast Fashion Shein aiming for $90bn valuation as it eyes US initial public offeringThe company has told prospective investors that it’s aiming to fetch a valuation of $80 billion to $90 billion in a listing
Retail Penneys launches new collaboration with ‘life-long’ fan Rita OraBritish pop star spent two years working with the fast-fashion retailer before launching new line
Fashion News H&M sues fast fashion rival Shein for copyright infringementStockholm-based H&M asked for unspecified damages and an injunction to stop Shein from infringing on its copyright and trademarks
Fashion News Fast fashion is addicted to plastic – and Shein is its biggest user Public disclosures from Shein, H&M, and Inditex show that plastic-derived polyester accounts for up to 64 per cent of their fabric mix
Retail Fast fashion giant Shein accused of ‘long and continuous pattern of racketeering’ in US lawsuit The Chinese retailer said it will “vigorously defend” itself against the allegations
Fashion Where is the fast fashion backlash?Retailers like Shein, H&M, and Zara have been repeatedly dinged by consumers, activists, the press and public officials for their mounting climate footprints – but people don’t always shop their values
Retail Zara-owner beat expectations in Q1 earnings with operating profit up 43%It comes as Inditex SA considers setting up a fund to back environmental start ups
Fashion Should fashion brands pay for their textile waste? New legislation could make it a realityUnder rules that have been proposed in some EU countries, fashion companies would have to fund textile recycling programmes to curb the four million tons of waste produced annually in Europe
Fast Fashion Asos secures £75m fundraising to support turnaround planCompany said it has entered into a revolving facility with Bantry Bay Capital
Fashion John Lyttle’s Boohoo swings into £91 million loss on back of falling salesBoohoo said its focus for the year ahead is on rebuilding profitability and getting back to growth
business TikTok sensation Shein sets up EMEA headquarters in DublinChinese fast fashion business plans to hire 30 people in Ireland before the end of the year
Retail Asos expected to post loss after shares drop by almost 50 per cent Investors will be keen to see how its plans to return to profit have been unfolding at the company’s next market update this week
Fashion News Pre-loved fashion market set to double in global sales to €317bn by 2027There was a 28 per cent increase in the global sale of pre-loved fashion last year, according to a new report from US thrift marketplace thredUP
shopping Power players: 8 necklaces that work the roomSpring-summer 2023 neck pieces are loud and proud. From statement collars with punk accents to not-your-grandmother’s pearls, these are no run-of-the-mill jewels, these are conversation starters.
Sustainability H&M launches new resale platform to cut fashion wasteH&M Pre-Loved launched in the US with around 30,000 pre-loved women’s and kids’ clothing and accessories
Style H&M announce new designer collaborationThe Swedish fashion chain’s latest partnering will land in May both in-store and online