The Spanish fashion distribution company also plans to increase the use of recycled polyester in its garments up to 50% until 2025.

The American company has submitted an offer at the Delaware court. Forever21 filed for Chapter 11 bankruptcy protection in the US last year.

The Danish jewelry company has reached sales of 21.8 billion Danish crowns (3.2 billion dollars), 4.1% less than in the year 2018. Its Net profit suffers a four-year consecutive decline.

The Swedish fashion distribution giant will reshape its stores following criticism from analysts, who questioned the current model of the group.

Department stores are devoted to try new store concepts inspired by an apothecary and in line with its Story spaces. Its first opening will be in Texas.

The US company must increase the price to a minimum of one dollar per share for thirty consecutive trading days in order to continue trading on the stock market. 

The American group of department stores filed for chapter 11 last August. In January, court filings of Barneys had projected having up to 4 million dollars in severance obligations

The fashion and perfume group Puig has launched a device with the German appliance manufacture BSH that enables the end user to create its own perfume.

Although done at a slow pace, the Spanish fashion business incorporates methods to connect sustainability with its performance.

The Domican family, Comerica Bank or Triple Point Capital have been some of the investors who have led the round.

The company specializes in polymer recycling and cotton fibers from textile waste plans to scale its technology in England.