Shein made more that $2 billion in profits from around $45 billion in gross merchandise value last year. The China-founded but now Singapore-based business had recorded net income of $700 million in 2022.

Dior and UNESCO staged their latest Women@Dior & UNESCO Global Conference Thursday, as over 1,000 women gathered to hear speeches and testimonies from luxury executives, mentees, mentors and even a Nobel Prize winner. 

UIT has drawn up six proposals for France's EU elections candidates, a week after the French Parliament voted on the first measures to control fast fashion, which were regarded as welcome but still not quite watertight.

Luxury might be hitting a soft spot internationally, but don’t tell that to the folks who manage the prestige industry in Oslo, where the Norwegian capital is enjoying an impressive boom.

M&S will be launching a TV programme early this autumn, searching nationwide for its next in-house fashion designer.

​Matalan launched a multi-million pound brand platform on Friday that it said “represents a return to [our] family roots”, showing families across the UK that “we get you, and we’ve got you”.

British materials innovation start-up Biophilica has appointed Dharan Kiru to its board while also adding a Head of Commercial and Head of Business to its London-based team.

Global threads giant Coats Group is making “strong progress” on its eco strategy, publishing its 2023 Sustainability Report, showcasing the first year of delivery against recently set 2023 to 2026 targets.

As Première Vision just appointed Florence Rousson at its helm, the Italian textile exhibition Milano Unica is also undergoing a change in leadership, appointing Simone Canclini as its president.

​The Fashion and textile Museum in Bermondsey, London will launch an exhibition dedicated to one of the most influential labels of the UK fashion revolution that happened in the 1960s and 70s, Biba.

Unused fabric inventory is now being increasingly taken into consideration by designers, brands and major labels, as some French start-ups active in the growing dormant stocks sector have told FashionNetwork.com.

​The UK luxury sector is now worth £81 billion a year to the UK economy and supports 450,000 jobs, according to a new report by British luxury body Walpole. 

Austria’s Lenzing Group, a leading global producer of regenerated cellulosic fibres, has reported a stable revenue of €2.52 billion (approximately $2.74 billion) in fiscal 2023.

While the French government is trying to put the brakes on fast-fashion players, EU Parliament members are following their own agenda, and are tackling the issue of textile waste.

​John Lewis is one of the most closely watched retail giants in the UK at the moment, mainly because of its many problems in recent years. But at least its annual results managed to show it returning to profit.

​Fast-expanding Spanish sneaker brand Hoff is aiming to deepen its connection with the UK market and has just unveiled a new collaboration with one of Britain’s best known heritage names.