Fashion Technology

South African retailer Woolworths Holdings (WHLJ.J) resumed dividend payouts on Thursday after its annual profit surged and the sale of some Australian properties helped it to cut its debt.
South Africa’s Woolworths annual profit hikes up to 212%

South African retailer Woolworths Holdings (WHLJ.J) resumed dividend payouts on Thursday after its annual profit surged and…

MyTheresa is the latest retailer to join the fur-free movement. By the end of 2022, the luxury retailer has pledged to phase out all products made with genuine animal fur in favor of faux alternatives.
MyTheresa pledges to not sell any products made out of animal fur

MyTheresa is the latest retailer to join the fur-free movement. By the end of 2022, the…

Trove Recommerce, a maker of online platforms for brands such as Lululemon and Patagonia to sell used goods, raised $77.5 million from investors trying to get in on the hottest part of the apparel market.
Trove Recommerce, a maker of online platforms, raises $77.5 Million

Trove Recommerce, a maker of online platforms for brands such as Lululemon and Patagonia to…

The Dubai-based shopping mall developer with properties across the Middle East, Africa and Central Asia, recorded 15.6 billion dirham ($4.3 billion) in revenue for the first six months of 2021, marking a 10 percent decline from the same period last year, Arabian Business reports.
Majid Al Futtaim records $4.3 Billion revenue for H1

The Dubai-based shopping mall developer with properties across the Middle East, Africa and Central Asia,…

German machinery producer Thies will showcase its machinery for chemical dispensing, energy savings, and the colouration of materials ranging from fibres to fabrics to 3D-printed parts at the Techtextil exhibition slated to take place in Raleigh, NC, US from Aug 23-25. Thies’ innovations ensure quality, reduce manual labour and conserve natural resources.
German Machinery producer Thies to showcase its Machinery at TechTextil US

German machinery producer Thies will showcase its machinery for chemical dispensing, energy savings, and the…

Precision ADM, an US-based medical device and manufacturing solutions provider, has acquired Roswell Downhole Technologies (DHT), a Canadian manufacturer of best-in-class melt-blown fabric for medical filtration applications. The companies will manufacture Canada’s first supply of 100 per cent compostable fabrics for PPE and reduce Canada’s GHG emissions.
Precision ADM acquires Canadian company Roswell DHT

Precision ADM, an US-based medical device and manufacturing solutions provider, has acquired Roswell Downhole Technologies…

Russian e-commerce player, Mail.ru Group, has announced it will invest an additional $60.3 million in the AliExpress Russia joint venture in the fourth quarter of this year. The money will be used to actively develop logistics, expand categories, as well as improve service levels and customer experience.
E-Commerce Giant Mail.ru Group Invests $60 Million in AliExpress Russia

Russian e-commerce player, Mail.ru Group, has announced it will invest an additional $60.3 million in…

The direct-to-consumer brand known for its eco-conscious ethos and wool sneakers is venturing into the booming market for sportswear, expanding into the new category amid signs it is preparing to go public.
Allbirds enters into activewear clothing line

The direct-to-consumer brand known for its eco-conscious ethos and wool sneakers is venturing into the booming…

Il Makiage announced the acquisition of Voyage81, which owns patented technology that enables hyperspectral imaging capabilities on smartphones, allowing users to see in the ultraviolet and infrared wavelengths. The technology can be utilised in the beauty industry to perform various types of analysis on skin and hair.
Beauty Brand IL Makiage buys AI Start-Up

Il Makiage announced the acquisition of Voyage81, which owns patented technology that enables hyperspectral imaging…

H&M will launch its long-anticipated collaboration with Kolkata-based designer Sabyasachi Mukherjee on Thursday.
H&M to launch collection from collaboration with Indian Designer Sabyasachi Mukherjee

H&M will launch its long-anticipated collaboration with Kolkata-based designer Sabyasachi Mukherjee on Thursday. Sabyasachi’s bridal…