Fashion
According to Swiss NGO Public Eye, Zara earns more than twice as much per sweater than all of the people responsible for the production of the garment receive in total. Action group Clean Clothes Campaign argues in favour of raising the wages of textile workers to a 'liveable' level.
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Online second-hand clothing platform Vinted has raised 128 million euros to further develop its platform and accelerate its expansion. After this new capital round, the company is now valued at around a billion euros.
Abercrombie & Fitch has achieved virtually stable sales over the latest quarter, but its profits fell sharply. The American clothing company expects that import duties resulting from the Sino-American trade war will have a negative impact in the fourth quarter.
British sportswear retailer Sports Direct is to change its name to Frasers Group, following the acquisition by its owner Mike Ashley of the House of Fraser chain last year.
Dutch shoe chain Omoda is to open a Danish web shop before the end of the year, expanding to Finland, Norway and Sweden in 2020.
Belgian fashion label Essentiel Antwerp has decided to stop designing collections for men, in order to focus fully on its women's collections. The label's store that focuses on men, in the Schuttershofstraat in Antwerp, is closing its doors.
A man was arrested in Naples for employing dozens of undocumented immigrants in a factory that allegedly made leather goods for some of Europe's largest luxury brands. According to investigators, his sweatshop made shoes and handbags for brands such as Armani, Fendi (LVMH) and Saint Laurent (Kering).
British investment company Apax Partners is looking to sell German discounter Takko Fashion, of which it is the main shareholder. After almost nine years at the helm, the British company want to sell their fashion chain at a (slight) profit.
American fashion brand Patagonia has opened a pop-up store that will sell only second-hand clothing and its new ReCrafted collection, which has been made of irreparable clothes. The pop-up store is a physical extension of its second-hand platform WornWear.com.
On 21 November, Vans is opening a flagshipstore on Oxford Street, in the heart of London. With this new store, the American brand intends to increase its presence in the United Kingdom.
Afound, H&M group's outlet chain, will open its first physical Dutch store in Utrecht early next year. Earlier this year, the company already opened an online marketplace in the Netherlands.
American sportswear brand Nike is no longer selling its products on Amazon. This brings to an end a pilot that lasted no less than two years. "Nike does not need Amazon", analysts agreed approvingly.
In a short space of time, four JD Sports stores have been robbed and plundered, two of which in Belgium. There may be a connection with a racist incident that took place in October in the Liège store.
Sports giant Adidas has seen its turnover further increase in the third quarter. Although net profit fell by 2%, the company is sticking by its outlook.
Irish fashion discounter Primark achieved a 4.2 % turnover increase in the past financial year as a result of building additional retail space. On a comparable basis however, sales fell by 2.0 %.
British fashion brand Ted Baker has opened its first Belgian shop in Antwerp. For the interior, the brand was inspired by the history of the port city as a centre for diamonds.
