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Adidas misses forecasts with 93% profit plunge, warns on sales

BERLIN (Reuters) – Adidas (ADSGn.DE) reported a 93% plunge in first-quarter profit and sales off 19%, missing forecasts, and warned of a deeper hit to second-quarter revenue as lockdowns forced the German sportswear maker and other retailers to close stores. F... More »

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Vivienne Westwood show brings gypsy chic to Paris town hall

PARIS (Reuters) – Austrian-British fashion duo Andreas Kronthaler and Vivienne Westwood brought a gypsy-like caravan of models wrapped in tartan and silk to the gilded corridors of Paris’ town hall to present their 2020-21 winter collection. Contrasting the op... More »

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Milan and London Fashion Weeks join forces with anti-Brexit message

(Reuters) – Italy’s Fashion Chamber (CNMI) announced on Thursday a collaboration with the British Fashion Council which will bring part of London’s Fashion week to Milan’s men’s fall-winter collections in January. On the day that UK citizens vote in an electio... More »

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Forever 21 latest retailer to file for bankruptcy

(Reuters) – Fashion retailer Forever 21 Inc filed for bankruptcy on Sunday, as it joined a growing list of brick-and-mortar players who have succumbed to the onslaught of e-commerce companies such as Amazon.com Inc (AMZN.O). Since the start of 2017, more than ... More »

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L’Oreal celebrates female empowerment with glamorous runway show

PARIS (Reuters) – French cosmetics maker L’Oreal hosted its annual runway show on Saturday featuring an all-star cast of movie stars, singers and supermodels who embodied self-empowerment on the sidelines of Paris Fashion Week. Celebrities including Britain’s ... More »

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China, U.S. kick off new round of tariffs in trade war

BEIJING/WASHINGTON (Reuters) – The United States began imposing 15% tariffs on a variety of Chinese goods on Sunday – including footwear, smart watches and flat-panel televisions – as China began imposing new duties on U.S. crude, the latest escalation in a br... More »

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U.S. firms say China tariffs will raise costs, see few sourcing…

WASHINGTON (Reuters) – A wide range of U.S. companies told a hearing in Washington on Monday that they have few alternatives other than China for producing clothing, electronics and other consumer goods as the Trump administration prepares new tariffs on remai... More »

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U.S. fashion icon, socialite Gloria Vanderbilt dead at 95

(Reuters) – Gloria Vanderbilt, the “poor little rich girl” who lived a life at the highest levels of fashion, society and wealth as an heir to one of the greatest family fortunes in U.S. history, died on Monday at the age of 95, her son, CNN correspondent Ande... More »

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Weak construction, chemicals earnings hold Europe back while…

LONDON (Reuters) – European stocks slipped again on Friday, following their weakest day in six weeks, as downgrades to growth forecasts weighed and bleak numbers from Umicore, Skanska, and Rockwool outweighed a sales beat at L’Oreal. The pan-European STOXX 600... More »

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Blood, sweat and accessories: artist recycles bodily fluids for…

LONDON (Reuters) – Struggling to make your fashion more personal? No sweat. A London fashion student can help you decorate your attire with crystal accessories formed from your bodily excretions. Royal College of Art graduate Alice Potts showcased her quirky d... More »

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Dior brings equestrian glamor to the catwalk at French chateau

CHANTILLY, France (Reuters) – Christian Dior turned the runway into a Mexican-inspired rodeo on Friday at France’s sumptuous Chantilly chateau, unveiling its latest mid-season “cruise” collection alongside a horse-riding spectacular. Under driving rain, riders... More »

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Activist investor Barington nominates two directors at Xerium

BOSTON (Reuters) – Activist investor Barington Capital Group LP has launched a fight for two board seats at machine industry company Xerium Technologies Inc., according to a regulatory filing made on Thursday. The New York-based hedge fund, which owns 5.05 per... More »

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UK’s Harry and Meghan pick fashion favorite for wedding flowers

LONDON (Reuters) – Britain’s Prince Harry and his American fiancee Meghan Markle have chosen a London florist beloved of the fashion industry to arrange the flower decorations for their wedding in late spring, Kensington Palace said on Sunday. Philippa Craddoc... More »

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Activist investors say their voices are being heard by Japan Inc

TOKYO (Reuters) – Activist investors in Japan may be struggling to get companies to embrace their proposals but are optimistic that management is warming to shareholder activism that will likely shape more of Corporate Japan’s decision making. Activist investm... More »

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As Congress moves to drop tariffs, some U.S. firms cry foul

Korchmar President Mike Korchmar (L) and CEO Michael Korchmar (R) display a bag assembled at the Naples, Florida factory of Korchmar, a family-owned business in Naples, Florida, U.S., February 13, 2018. Picture taken on February 13, 2018. REUTERS/Andy Sullivan... More »

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Designer Westwood stages London fashion fracking protest

FILE PHOTO: Designer Vivienne Westwood poses for a portrait before her catwalk show at London Fashion Week Men’s in London, Britain June 12, 2017. REUTERS/Neil Hall LONDON (Reuters) – Fashion designer Vivienne Westwood brought models off the catwalk and onto t... More »

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Advisory firms split on Deckers’ proxy contest vote

(Reuters) – Two proxy advisory firms on Friday weighed in on one of the year’s most bitter proxy battles with one backing UGG boot maker Deckers’ management and the other giving partial support to activist hedge fund Marcato Capital Management. Shareholders wi... More »

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Factbox: Major points of friction as NAFTA talks sour

U.S. demands for more favorable treatment under the North American Free Trade Agreement, and a proposal that any new deal be allowed to expire after five years, heightened tensions as negotiators held another round of talks to renew the pact this week. More »

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Drawing in the customers in Mogadishu

A mural on a shop front illustrates electrical appliances in Wabari district of Mogadishu, Somalia, June 8, 2017. A collection of yawing mouths and extracted teeth, booming stereo speakers and colorful hookah pipes adorn shop fronts in Somalia, a colorful cont... More »

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Lagerfeld parades Chanel models under mini Eiffel Tower

A giant replica of the Eiffel Tower is seen at the Grand Palais before the German designer Karl Lagerfeld Fall/Winter 2017/2018 collection for fashion house Chanel in Paris, France, July 4, 2017. REUTERS/Gonzalo Fuentes TPX IMAGES OF THE DAY Karl Lagerfeld pre... More »

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Armani to show Emporio women`s line in London this September

Italian designer Giorgio Armani in Milan, Italy February 27, 2017. REUTERS/Stefano Rellandini Giorgio Armani said on Wednesday he would showcase the spring summer 2018 collection of his Emporio Armani women’s line in London this September rather than in Milan,... More »

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Textile company places rare bet on Turkey`s Kurdish southeast

A worker makes a regular check on machines in a textile factory in Diyarbakir March 21, 2017. REUTERS/Umit Bektas In Turkey’s mainly Kurdish southeast, deeply scarred by conflict between state forces and militants, a textile firm that supplies companies across... More »

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Nike to launch high-tech hijab for female Muslim athletes

A woman poses in a Nike hijab being developed for Muslim women athletes, in an undate photo released by the company March 8, 2017. Vivienne Balla/Nike/Handout via REUTERS Nike Inc (NKE.N) will launch a hijab for female Muslim athletes early next year, becoming... More »

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Fashion house BCBG Max Azria files for bankruptcy

A worker sits next to the runway before the BCBG Max Azria Fall 2015 collection show during New York Fashion Week February 12, 2015. REUTERS/Eric Thayer Fashion house BCBG Max Azria Group LLC filed for bankruptcy protection on Wednesday, the latest casualty in... More »

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Milan`s fashion week wraps up with Armani`s expressive colors

A model presents a creation from the Giorgio Armani Autumn/Winter 2017 women collection during Milan Fashion Week, in Milan, Italy February 27, 2017. REUTERS/Stefano Rellandini Once again Italian designer Giorgio Armani stunned with bright and eloquent colors ... More »

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Prada combines soft and strong elements for its winter collection

A model presents a creation from the Fendi’s Autumn/Winter 2017 women collection. REUTERS/Alessandro Garofalo Italian fashion house Prada brought to the catwalk soft and strong designs in an attempt to define the role of women in society, in a powerful show en... More »

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Moschino shows anything can be worn, as long as there is attitude

A model presents a creation from Moschino’s Autumn/Winter 2017 women’s collection during Milan Fashion Week in Milan, Italy, February 23, 2017. REUTERS/Stefano Rellandini “Couture is an attitude, not a price point”, read the plain white t-shirt over sturdy lea... More »

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Movie-inspired Fendi designs treat Milan`s fashion elite

Model Gigi Hadid presents a creation from the Fendi’s Autumn/Winter 2017 women collection during Milan’s Fashion Week, in Milan, Italy February 23, 2017. REUTERS/Stefano Rellandini Milan’s fashion elite strolled down an elegant street in “Rome” on Thursday, sp... More »

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Gucci`s magic garden kick off Milan Fashion week

Italian designers Tommaso Aquilano and Roberto Rimondi acknowledge the applause at the end of the Fay Autumn/Winter 2017 women collection during Milan’s Fashion Week, in Milan, Italy February 22, 2017. REUTERS/Stefano Rellandini The curtain went up on Milan’s ... More »

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Model with Down syndrome launches design label at NY Fashion Week

Australian model and designer Madeline Stuart, who has Down syndrome, acknowledges attendees after presenting creations from her label 21 Reasons Why By Madeline Stuart during New York Fashion Week in Manhattan, New York, U.S., February 12, 2017. REUTERS/Andre... More »

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Diversity to rock the runway at New York Fashion Week

FILE PHOTO – Model Gigi Hadid and designer Tommy Hilfiger acknowledge attendees after presenting Hilfiger’s Spring/Summer 2017 collection at New York Fashion Week in Manhattan, New York, U.S., September 9, 2016. REUTERS/Andrew Kelly/File Photo From faux furs a... More »

Last-minute spending surge lifts U.S. holiday shopping season

People walk with shopping bags in Manhattan, New York City, U.S. December 27, 2016. REUTERS/Andrew Kelly A jump in consumer spending in the final stretch of December significantly offset a slow start to the U.S. holiday shopping season, and is likely to help m... More »

Climate change pushing U.S. fund managers out of apparel stocks

Discount sale tags are seen on clothes at a department store in Paris on the first day of the winter sales in France, January 6, 2016. REUTERS/Benoit Tessier/File Photo Retailers have long relied on sales of high-margin winter coats and boots to boost annual p... More »

Thanksgiving, Black Friday store sales fall, online rises

Shoppers stand in a checkout line during Black Friday sales at a Target store in Culver City, California, U.S. November 25, 2016. REUTERS/David McNew Sales and traffic at U.S. brick-and-mortar stores on Thanksgiving Day and Black Friday declined from last year... More »

Medtech startup teams with GM on robotic glove for assembly lines

The GM logo is seen in Warren, Michigan, U.S. on October 26, 2015. REUTERS/Rebecca Cook/File Photo Bioservo Technologies, a medical technology firm that makes a light-weight robotic “extra muscle” glove for people with weak grips is teaming up with carmaker Ge... More »

Alibaba’s Taobao steps up measures to fight fake luxury goods

HONG KONG Alibaba Group Holding Ltd’s online shopping platform Taobao is tightening controls on the sales of luxury goods, requiring sellers to show proof of authenticity, as it fights sales of fake items on one of China’s top online platforms. From May 20, se... More »

Pentagon awards $75 million for advanced textiles institute

WASHINGTON Sensors that can detect tears in parachute nylons before they become deadly, troop uniforms studded with electronics that can sense chemical agents, and self-powered tents that can save fuel: the U.S. military is banking on a new public-private part... More »

Spanish recluse behind Zara briefly becomes world’s richest man

MADRID Amancio Ortega, who transformed clothing group Inditex from a tiny family dressmaker into Spain’s biggest company, briefly overtook Bill Gates on Friday to become the world’s richest man. Although a 10 percent surge in the share price of Microsoft later... More »

American Apparel files for bankruptcy

Troubled teen apparel retailer American Apparel Inc (APP.A) filed for voluntary chapter 11 bankruptcy protection on Monday and said it had reached a restructuring support agreement with most of its secured lenders. American Apparel said it would continue to op... More »