Fibre2Fashion
Toggle navigation 12
Pic: Brand Finance
Nike has retained the title of the world’s most valuable apparel brand for the 7
th consecutive year, despite recording a 13 per cent brand value drop to $30.4 billion, in the latest Brand Finance Apparel 50 2021 report. The brand still maintains a considerable lead over second-ranked
Gucci, with a brand value of $15.6 billion, down 12 per cent from 2020. Nike’s sales took a hit last year as the brand was forced to shut the majority of its stores across North America, EMEA and, Asia Pacific due to the COVID-19 pandemic. The brand, however, saw an impressive uptick in online sales, which almost doubled in Europe, the Middle East and Africa.
Fibre2Fashion
Toggle navigation 06
Pic: Luss Textile Luss Textile d.o.o. Draganici, a European manufacturer and supplier of high-quality modern formalwear, workwear and fashion, has signed an agreement to produce jackets for the German fashion group Philipp Plein. The Philipp Plein jackets will be produced in Luss Textile s factory in Draganici, a village in the municipality of Raška, Serbia. We are currently working on the technical preparations and model development, after which the start of serial production is expected, Savo Mitrovic, director of Luss Textile, said in a statement issued by the Serbian Chamber of Commerce.
After a meeting with designer Philipp Plein last month, Mitrovic said Luss Textile aims to increase its workforce by 200 at its factory in southwestern Serbia.
Fibre2Fashion
Toggle navigation 06
Pic: AFDB The African Development Bank’s (AfDB) Fashionomics Africa initiative recently named a women-led Kenya shoe design house as the winner of its competition to support producers of sustainable fashion. Pine Kazi, which converts pineapple leaf and recycled rubber into fashionable footwear, won the $2,000 Fashionomics Africa competition cash prize. In addition, the business will have the opportunity to showcase its creation in online events, share insights on key sustainability challenges facing the industry and receive a certificate. The brand, co-founded by Olivia Okinyi, Angela Musyoka and Mike Langa, will also have access to media opportunities and receive mentoring and networking opportunities from competition collaborators.
US-based a.k.a. Brands recently announced it has acquired Culture Kings, a premium, high-growth Australian streetwear brand at the intersection of music, culture and fashion..
Fibre2Fashion
Toggle navigation 01
Pic: Dondup Made in Italy Fund is once again backing fashion, by recently acquiring the Dondup brand from the European and Asian Funds of L Catterton. Dondup is Made in Italy Fund’s seventh investment and its fourth in the fashion sector. The purpose is to create an industrial group capable of encouraging synergy between Dondup and some of the fund’s fashion portfolios. Two such entities are 120% Lino, an Italian leader in producing linen and natural-fibre garments, and Rosantica, a brand specialized in making gem bags and precious accessories. Terms of the transaction were not disclosed, the Fund said in a press release.