Fashion Technology

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 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, raises $77.5 Million

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

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 to showcase its Machinery at TechTextil US

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

Precision ADM acquires Canadian company Roswell DHT

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

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…

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…

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 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…