Market News
Recent Developments
New product launches
- In March 2022, H&M launched a new sustainable basics fashion line made from recycled materials, with the aim of providing greener everyday staples. H & M Hennes & Mauritz AB, also known as H&M Group, is a multinational clothing company based in Sweden that focuses on fast-fashion clothing. Till June 23, 2022, H&M Group operated in 75 geographical markets with 4,801 stores under the various company brands, with 107,375 full-time equivalent positions.
- In January 2021, Zara launched an eco-conscious denim collection that is made by using more sustainable manufacturing practices to reduce its environmental impact. ZARA is a Spain based multinational retail clothing chain. It specializes in fast fashion and sells clothing, accessories, shoes, beauty products and perfumes.
- In June 2020, Uniqlo debuted its new AIRism face mask product line made of smooth quick-drying fabric suited for hot and humid conditions. Uniqlo Co., Ltd. is a Japan based casual wear designer, manufacturer and retailer. The company is a wholly owned subsidiary of Fast Retailing Co., Ltd.
Acquisition and partnerships
- In October 2022, Fast Retailing Co., Ltd acquired J Brand, a leading U.S.based premium denim label, to expand Uniqlo\'s U.S. business. Fast Retailing Co., Ltd. is a Japan based public multinational retail holding company. In addition to its primary subsidiary Uniqlo, it owns several other brands, including J Brand, Comptoir des Cotonniers, GU, Princesse Tam-Tam, and Theory.
- In June 2021, Inditex purchased a minority stake in Ecoalf, a Spain based sustainable fashion brand, to expand its environment-friendly offerings. Inditex, the biggest fast fashion group in the world, operates over 7,200 stores in 93 markets worldwide. The company\'s flagship brand is Zara, but it also owns a number of other brands such as Zara Home, Bershka, Massimo Dutti, Oysho, Pull&Bear, Stradivarius, Uterqüe and Lefties.
- In March 2020, H&M announced a partnership with Li & Fung to digitize its supply chain through AI and automation for better efficiency. H & M Hennes & Mauritz AB, also known as H&M Group, is a multinational clothing company based in Sweden that focuses on fast-fashion clothing. As of 23 June 2022, H&M Group operated in 75 geographical markets with 4,801 stores under the various company brands, with 107,375 full-time equivalent positions. Li & Fung is the world\'s leading supply chain and logistics solutions partner. It specializes in responsibly managing supply chains of high-volume, time-sensitive goods for leading retailers and brands worldwide, with over 230 offices and distribution centers across 40 markets globally.
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