Investment firm Permira has acquired the majority of Gruppo Florence, in a deal which values the hub of Italian luxury clothing and leather goods manufacturers at more than 1 billion euros.

Amid the splendor of the Ritz in Paris, Daniel Wellington unveiled its debut handbag line, the latest new development amid a major strategic shift for the Swedish watchmaker.

This fast-growing niche sector, highly valued by the luxury industry, is worth €26 billion in Europe alone, of which nearly €7 billion generated in Italy, now the leading technical textiles producer on the continent.

London’s Carnaby continues to be a magnet for fashion independents with contemporary luxury brand Hayley Menzies choosing the Shaftesbury Capital operated area for its second London store.

The French luxury house has acquired a 24.5% stake in the historic Cariaggi Lanificio mill in a deal with Italy's Brunello Cucinelli, which also had a stake in the company.

Canada's Lululemon Athletica has made a minority investment in Australian upcycling firm, Samsara Eco, as the activewear giant homes in on sustainable and innovative fabrics for its products. 

Barely six months after Ludovic de Saint Sernin was appointed creative director of Ann Demeulemeester the house has announced the departure of the designer. No successor has been named.

What makes kebayas special is that they are worn by women of all ethnic backgrounds in a diverse region, according to Lim Yu Lin, who co-runs the family business her grandmother founded in 1955.

Giorgio Armani will stage his latest One Night Only fashion and soirée event in September in Venice amidst the celebrations for the lagoon city’s annual film festival, its 80th edition.

Apparel makers in Bangladesh are considering rare bulk exports by air to Europe and the United States, as they race to meet deadlines and avoid cancellations after a cyclone delayed shipments.

Tough year-ago comparisons and a slowdown in customer demand meant Coats Group sales numbers took a hit in the three-month trading period to 30 April.

​Marimekko’s Q1 results on Tuesday showed a 2% sales drop and comparable operating profit below the record-high comparison period a year ago.

Adeju Thompson, founder of Nigeria-based Lagos Space Programme, has won the International Woolmark Prize for 2023, nabbing first place in the oldest and most esteemed fashion award.

​The Association of Suppliers to the British Clothing Industry (ASBCI) has a new chair and an additional vice-chair.

The Moroccan trade show, organised by the local textile and apparel industry association, will feature textile producers and garment makers exhibiting on May 10-12 in Casablanca.

Sportswear giant Puma and luxury department store Liberty are partnering again for a special collaboration, with each brand “sowing its own storied past into this new range of bold floral designs”.