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Chiara Ferragni’s Fenice Retail company goes into liquidation with losses of €1.2 million

Translated by Nicola Mira Published June 10, 2025 Fenice Retail, the retail subsidiary of Fenice Srl, a company in which Italian fashion influencer Chiara Ferragni now holds a 99% stake, posted aggregate losses in 2023-2024 of €1.2 million, and went into liquidation in May, according to the Radiocor agency. Chiara Ferragni Fenice Retail’s liquidation means

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Refiberd wins Trailblazer prize at the Global Fashion Summit

Translated by Nazia BIBI KEENOO Published June 10, 2025 The Global Fashion Summit, hosted by the Global Fashion Agenda association, brings together global industry leaders, CSR stakeholders, and technology innovators to shape a more responsible future for fashion. The event serves as a catalyst for industry-wide change, encouraging decision-makers to turn sustainability ambitions into action.

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True Religion reveals new promotions as it enters next growth phase

True Religion has promoted two of its current executives Kristen D’Arcy and Tina Blake, as the U.S. fashion brand looks to grow it business less than one month after a minority investment from the Borletti Group. Kristen D’Arcy – Courtesy In addition to serving as the Los Angeles-based brand’s chief marketing officer, a role she has

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US-China trade talks on export controls to resume for a second day

By Reuters Published June 10, 2025 Top U.S. and Chinese officials will resume trade talks for a second day in London on Tuesday, hoping to secure a breakthrough over export controls for rare earths and other goods that have threatened a fresh rupture between the two superpowers. Reuters Investors are hoping for an improvement in

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John Varvatos releases new collab with John Lennon estate

American designer brand John Varvatos has released a new collaboration with the John Lennon estate, the latest step in the house’s rapid renewal. A look from the new John Varvatos x John Lennon estate collaboration collection. – Courtesy “The collaboration fuses fashion and music — paying homage to the legend with graphic shirts, suiting and

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French Senate to vote on regulating fast fashion

By AFP Published June 10, 2025 The French Senate is set to vote Tuesday on a bill regulating the fast fashion industry by sanctioning companies and banning advertisements. The bill targets Chinese-founded e-commerce giant Shein, which sells lower-quality clothes at very low prices. French Senate to sanction fast fashion and ban ads. – AFP Fast

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La Perla acquired by US billionaire Peter Kern

By Ansa Translated by Nicola Mira Published June 10, 2025 The new owner of Italian luxury lingerie label La Perla is US billionaire Peter Kern, the former vice-president and CEO of Expedia. The news was reported by Italian daily Il Messaggero, citing sources from Italy’s Ministry of Business and Made-in-Italy (MIMIT). The news has been

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Luxury Coach bag for $30? Deflation reshapes China’s luxury market

By Reuters Published June 10, 2025 Chinese energy sector worker Mandy Li enjoys treating herself to a luxury brand handbag from time to time. However, since her state-owned employer cut her wages by 10% and her family’s property values dropped by half, she now buys only second-hand items. Reuters “I’m cutting down on large expenditures,”

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Crew Clothing steps up in sportswear with comprehensive new line

Crew Clothing is diving deeper into sportswear launching its technical activewear collection, Crew Sport, in mid-June. Crew Sport Now covering (almost) all bases, it comes just weeks after moving into the women’s athleisure space with a slightly-higher-end collection called SuperLuxe. A similar line for men is also planned. But for now, the newest comprehensive line

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