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Debra L. Lee is set to retire from Burberry's Board in July 2024 to focus on her US media interests. Since joining in October 2019, she has contributed to the Audit and Nomination Committees. Gerry Murphy, the Chair, thanked Lee for her service and wished her well in her future endeavours. Lee expressed pride in her tenure and wished Burberry continued success.
British brand Burberry's director Debra L Lee to retire
Debra L. Lee is set to retire from Burberry's Board in July 2024 to focus on her US media interests. Since joining in October 2019, she has contributed to the Audit and Nomination Committees. Gerry Murphy, the Chair, thanked Lee for her service and wished her well in her future endeavours. Lee expressed pride in her tenure and wished Burberry continued success.
PUMA and Sony Interactive Entertainment have teamed up for the PUMA x PLAYSTATION collection, featuring new takes on the Suede and RS-X sneakers and play-inspired apparel including a Track Jacket and Technical Cap. The range showcases PUMATECH technology, PlayStation detailing, and is available for all genders and sizes. It will launch on April 18.
German brand Puma & Sony introduce PlayStation-Inspired collection
PUMA and Sony Interactive Entertainment have teamed up for the PUMA x PLAYSTATION collection, featuring new takes on the Suede and RS-X sneakers and play-inspired apparel including a Track Jacket and Technical Cap. The range showcases PUMATECH technology, PlayStation detailing, and is available for all genders and sizes. It will launch on April 18.
Digital Brands Group reported a 6.8 per cent revenue increase to $14.9 million in FY23, with gross margins rising to 43.9 per cent. Administrative and general expenses and marketing expenses decreased, reducing the net loss per share to $20.46 from $1,233.10. In Q4 FY23, revenues fell to $2.8 million, with a quarterly net loss per share of $8.76.
American firm Digital Brands Group's revenue surges 6.8%
Digital Brands Group reported a 6.8 per cent revenue increase to $14.9 million in FY23, with gross margins rising to 43.9 per cent. Administrative and general expenses and marketing expenses decreased, reducing the net loss per share to $20.46 from $1,233.10. In Q4 FY23, revenues fell to $2.8 million, with a quarterly net loss per share of $8.76.
Levi Strauss & Co. has reopened its Levi's store at CentralWorld in Bangkok, now the largest in Southeast Asia at 364 sqm. This flagship store, located in the heart of Bangkok's shopping district, features a Tailor Shop offering customization options like embroidery and patches. The opening includes an exclusive collaboration with Thai artists Sundae Kids.
US' Levi Strauss & Co opens largest Southeast Asia store in Bangkok
Levi Strauss & Co. has reopened its Levi's store at CentralWorld in Bangkok, now the largest in Southeast Asia at 364 sqm. This flagship store, located in the heart of Bangkok's shopping district, features a Tailor Shop offering customization options like embroidery and patches. The opening includes an exclusive collaboration with Thai artists Sundae Kids.
PUMA and WNBA MVP Breanna Stewart unveil the Stewie 3 in Paris, a tribute to her journey and global influences. The Dawn edition showcases fiery hues, cherry blossoms for Tokyo, golden accents for Rio, and red carnations for Spain. Engineered for performance, launching May 14th, 2024, reflecting Stewart's passion and global impact on and off the court.
Germany's Puma and Breanna Stewart introduce Stewie 3 in Paris
PUMA and WNBA MVP Breanna Stewart unveil the Stewie 3 in Paris, a tribute to her journey and global influences. The Dawn edition showcases fiery hues, cherry blossoms for Tokyo, golden accents for Rio, and red carnations for Spain. Engineered for performance, launching May 14th, 2024, reflecting Stewart's passion and global impact on and off the court.
In 2023, India’s large garment exports to Singapore fell to 5.790 million units from 6.203 million in 2022, yet their value rose slightly to $37.542 million, with average prices increasing from $5.99 to $6.48 per unit. Other types of garment exports, measured in kilogram and pair, declined in volume and value, with notable drops in average prices.
India’s garment exports to Singapore drop in volume, but avg price up
In 2023, India’s large garment exports to Singapore fell to 5.790 million units from 6.203 million in 2022, yet their value rose slightly to $37.542 million, with average prices increasing from $5.99 to $6.48 per unit. Other types of garment exports, measured in kilogram and pair, declined in volume and value, with notable drops in average prices.
EDC plans to open a representative office in Vietnam, to support Canadian investors and exporters. This move follows Vietnam's rise as a key player in Canada's apparel market, now the second-largest supplier after China. With Vietnam overtaking Bangladesh in apparel exports, the new office aims to facilitate growth in this flourishing trade relationship.
Export Development Canada expands in Vietnam as apparel trade grows
EDC plans to open a representative office in Vietnam, to support Canadian investors and exporters. This move follows Vietnam's rise as a key player in Canada's apparel market, now the second-largest supplier after China. With Vietnam overtaking Bangladesh in apparel exports, the new office aims to facilitate growth in this flourishing trade relationship.
PUMA's "FOREVER. FASTER." campaign reaffirms its commitment to speed and athletic excellence, featuring top athletes across various sports to invite everyone to see the game through PUMA's lens. With a significant global marketing push, PUMA aims to resonate emotionally with consumers and reinforce its position as the fastest sports brand worldwide. Summer Olympics, Sports Brands, Sport Performance, 2024 Summer Olympics, Neymar Jr, Puma, Global Brands, Campaign, Talent Agency
Germany's Puma boosts sports performance with new campaign
PUMA's "FOREVER. FASTER." campaign reaffirms its commitment to speed and athletic excellence, featuring top athletes across various sports to invite everyone to see the game through PUMA's lens. With a significant global marketing push, PUMA aims to resonate emotionally with consumers and reinforce its position as the fastest sports brand worldwide.
Nike has launched a lineup of athletic footwear and apparel. This includes the debut of a new Air Zoom unit in the Pegasus Premium running shoe, offering enhanced energy return for runners. Utilising advanced technology and digital capabilities, Nike also introduced a range of products powered by Air cushioning system, tailored for various sports.
US’ Nike launches new lineup of footwear & apparel for Summer 2024
Nike has launched a lineup of athletic footwear and apparel. This includes the debut of a new Air Zoom unit in the Pegasus Premium running shoe, offering enhanced energy return for runners. Utilising advanced technology and digital capabilities, Nike also introduced a range of products powered by Air cushioning system, tailored for various sports.
Bloomingdale's has unveiled Camp Bloomingdale's, a summer-themed pop-up featuring a broad array of products from swimwear to campsite essentials by Coleman. This immersive experience includes exclusive apparel, outdoor gear, and other unique items. The launch event at the 59th St flagship offers customisation stations, giveaways, and treats.
US’ Bloomingdale's introduces camp-themed pop-up store in New York
Bloomingdale's has unveiled Camp Bloomingdale's, a summer-themed pop-up featuring a broad array of products from swimwear to campsite essentials by Coleman. This immersive experience includes exclusive apparel, outdoor gear, and other unique items. The launch event at the 59th St flagship offers customisation stations, giveaways, and treats.
Levi Strauss & Co. appoints Gianluca Flore as EVP and Chief Commercial Officer, tapping into his luxury retail expertise to spearhead global operations and propel direct-to-consumer growth, aligning with LS&Co.'s denim lifestyle leadership strategy. Flore's role underscores LS&Co.'s commitment to innovation and consumer-centricity in an evolving retail landscape.
US' Levi's welcomes Gianluca Flore as EVP & CCO
Levi Strauss & Co. appoints Gianluca Flore as EVP and Chief Commercial Officer, tapping into his luxury retail expertise to spearhead global operations and propel direct-to-consumer growth, aligning with LS&Co.'s denim lifestyle leadership strategy. Flore's role underscores LS&Co.'s commitment to innovation and consumer-centricity in an evolving retail landscape.
The AAFA has supported extending AGOA by 16 years to 2041, aiming to bolster US-Sub-Saharan Africa economic ties. AGOA offers duty-free US market access, encouraging trade and investment. The extension seeks to provide business stability and foster growth, aligning with the USMCA and paving the way for future trade deals like AfCFTA and STIP.
AAFA advocates for 16-year extension of AGOA to boost US-Africa trade
The AAFA has supported extending AGOA by 16 years to 2041, aiming to bolster US-Sub-Saharan Africa economic ties. AGOA offers duty-free US market access, encouraging trade and investment. The extension seeks to provide business stability and foster growth, aligning with the USMCA and paving the way for future trade deals like AfCFTA and STIP.
Roots reported FY23 sales of $262.7 million, a 3.5 per cent drop from FY22. DTC sales fell 3.8 per cent to $222.5 million. Gross profit was $152.5 million with a gross margin increase to 58 per cent. Net income plummeted to $1.8 million from $6.7 million. Q4 saw sales decline but gross margin improved to 58.6 per cent, and net income rose to $14.6 million. Roots
Canadian firm Roots posts sales of $262.7 mn in FY23
Roots reported FY23 sales of $262.7 million, a 3.5 per cent drop from FY22. DTC sales fell 3.8 per cent to $222.5 million. Gross profit was $152.5 million with a gross margin increase to 58 per cent. Net income plummeted to $1.8 million from $6.7 million. Q4 saw sales decline but gross margin improved to 58.6 per cent, and net income rose to $14.6 million.
Puma teams up with KidSuper Sports Club for a fashion-forward collection. The range includes updated Velophasis and Palermo sneakers, alongside garments featuring bold graphics. Accessories like bucket hats and duffle bags complement the contemporary line. Inspired by '90s mobster films, the campaign showcases the collection's sporty yet artistic flair.
German brand Puma teams up with KidSuper to redefine sportswear
Puma teams up with KidSuper Sports Club for a fashion-forward collection. The range includes updated Velophasis and Palermo sneakers, alongside garments featuring bold graphics. Accessories like bucket hats and duffle bags complement the contemporary line. Inspired by '90s mobster films, the campaign showcases the collection's sporty yet artistic flair.
Prada Group partners with DHL Global Forwarding for its first investment in Sustainable Aviation Fuel (SAF) credits. In 2023, this collaboration saved 4,500 metric tons of CO2e. SAF offers an 80 per cent reduction in greenhouse gas emissions compared to traditional aviation fuel, with DHL implementing an insetting approach to reduce emissions at the source.
Italy’s Prada Group & DHL collaborate to slash CO2 emissions
Prada Group partners with DHL Global Forwarding for its first investment in Sustainable Aviation Fuel (SAF) credits. In 2023, this collaboration saved 4,500 metric tons of CO2e. SAF offers an 80 per cent reduction in greenhouse gas emissions compared to traditional aviation fuel, with DHL implementing an insetting approach to reduce emissions at the source.