India's central bank puts a curb on gold imports
India's central bank on Monday announced steps to restrict the import of gold by banks in a move to stem the country's widening current account deficit.
Today's News
Primark says it will use NGO scale to pay Bangladesh victims
British retailer Primark said it would pay compensation to the victims of the Bangladesh factory collapse in line with a framework recognised by aid organisations, unions and trade...
Wolford focuses on development in Greater China
Austrian brand Wolford has opened two new stores in the Greater China region: a fifth in Hong Kong and its first store in Shanghai which will be the brand's flagship in the area.
H&M and Inditex agree to Bangladesh factory safety accord
The world's two biggest fashion retailers Inditex and H&M have backed an accord aimed at preventing a repeat of last month's collapse of a Bangladesh factory building that killed more...
Hong Kong has world's most expensive retail space
The Asian shopping haven in the first quarter kept its crown as having the world's highest rent for prime retail properties, at nearly 50 percent more than for similar districts such as...
Michael Spillane appointed head of Nike China
From June 1, Michael Spillane (ex-Umbro) will take over from Craig Cheek as vice-president and general manager for Nike in Greater China.
Acne to open its biggest store to date in Los Angeles
This Autumn, downtown LA will welcome California’s first Acne store. The Swedish brand has secured a 450m² location in the city making this store opening its biggest to date.
Fashion's Betsey Johnson goes to therapy in made-for-TV comeback
Betsey Johnson, the eccentric and frenetic fashion designer personality goes on display in a reality television series beginning on Sunday on U.S. cable network Style.
The Kering (PPR) game plan for a Puma relaunch
A new CEO is set to start up at Puma soon. Of course, his roadmap has yet to be mapped out in detail. But the direction is a given: sport performance is a top priority to enhance the...
True Religion agrees to go private in $835 million deal
Jeans and sportswear maker True Religion Apparel Inc said it would be acquired by investment management firm TowerBrook Capital Partners LP in a deal worth about $835 million.
FashionMag Brazil launches daily newsletter
The FashionMag Brazil newsletter is the sixth to switch to a daily schedule. The site is also updated daily with the latest news in fashion, luxury and beauty..
Swatch Group's Nayla Hayek to head Harry Winston
Swatch Group, the world's leading watchmaker, said on Friday its chairwoman Nayla Hayek would move into the top position at jeweller Harry Winston which it has acquired.
Bangladesh building collapse death toll tops 1,000
The death toll from the catastrophic collapse of a Bangladesh factory building, the world's worst industrial accident since the Bhopal disaster in India in 1984, has climbed above 1,000...
Italy's Cucinelli forecasts double-digit growth in 2013
Italian cashmere goods maker Brunello Cucinelli forecast double-digit growth internationally in 2013 despite the recession in its domestic market reducing consumption of luxury goods....
Several retailers miss estimates as shoppers frugal
A number of top U.S. retailers reported disappointing April sales on Thursday as consumers gravitated toward discount chains and bad weather delayed spring shopping in much of the country.
India starts selling cotton from inventories
India has started selling cotton from government-controlled stocks as it tries to protect domestic textile mills from costly imports, but traders said sales have so far been limited...
Bangladesh factory fire kills 8; collapse toll tops 900
Eight people were killed when a fire swept through a clothing factory in Bangladesh, police and an industry association official said on Thursday, as the death toll from the collapse of...
M&S sees gains from infrastructure and e-commerce upgrades
Marks & Spencer, Britain's biggest clothing retailer, said on Wednesday it was on track with a plan to address two decades of under-investment in its infrastructure and create a fast,...
Luxury services help Yoox buck economic slowdown
Italy's online fashion retailer Yoox expects revenues and profits to grow in 2013 as it continues to reap benefits from its new logistics platform and new contracts with brands. The...
SuperGroup eyes European push as sales rise
SuperGroup, the British company behind the Superdry fashion brand, posted a 15.3 percent rise in fourth-quarter sales and said it would increase its rate of expansion in 2014 as it...
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