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  • Egyptian e-com start-up raises 6-figure USD seed funding

    2020-08-31

    Cairo-based e-commerce start-up Dresscode recently raised a six-figure US dollar seed funding round to help accelerate its growth by expanding its team and product offering and initiating next-day and same-day deliveries. It has seen strong growth during the COVID-19 crisis, which accelerated the pr Read More

  • Salvatore Ferragamo obtains sustainable SI Rating

    2020-08-31

    FLORENCE - Italian brand Salvatore Ferragamo has become the first fashion company to receive the expansive SI Rating Silver certification for its progress towards sustainability.The SI Rating, created by Italian start-up ARBalzan, claims to be the first algorithm on a single platform that includes a Read More

  • Esprit has been facing difficult times

    2020-08-31

    Esprit has been facing difficult times much before the pandemic started owing to enfeebled sales and has now warned shareholders that it will be posting a loss of US $ 503.2 million in its annual report slated to release late next month.The European entities of the retailer are already under statuto Read More

  • Future Fashion Now design competition launched

    2020-08-31

    WeDesign has launched the Future Fashion Now design competition, in collaboration with the Ellen MacArthur Foundation and the UN. It is a global, sustainable design competition that enables entrants to rethink how the fashion industry works. The Foundation works to inspire a generation to re-think, Read More

  • Peek & Cloppenburg counts on different countries for sourcing amidst crisis

    2020-08-31

    Ever since the fashion and apparel world was hit by the deadly pandemic 6 months ago, the entire retail sector has been plagued by uncertainty and unpredictability arising out of store closures, debts and constant lockdowns.With cases surging in different countries at different times, every country Read More

  • New Look announces proposed recapitalisation transaction

    2020-08-31

    New Look Retail Holdings Ltd Group in the United Kingdom has agreed with its financial creditors to the key terms of a comprehensive recapitalisation transaction that will extend New Look’s facilities, deliver a new money investment of £40 million and significantly de-leverage the balance sheet. It Read More

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