Articles by DPA
Richemont accelerates growth thanks to its jewellery business
Richemont continues its growth trajectory. The Swiss jewellery and watch group recorded a strong increase in turnover in the first quarter of the 2026/27 financial year, exceeding analysts' expectations. Products from the jewellery maisons Cartier and Van Cleef & Arpels continue to enjoy great popularity. The group's turnover rose by 17 percent...
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Richemont accelerates growth thanks to jewellery business
Richemont remains on a growth trajectory. The Swiss jewellery and watch group significantly increased its sales in the first quarter of the 2026/27 financial year, exceeding analysts' expectations. Products from its jewellery houses, Cartier and Van Cleef & Arpels, continue to be highly popular. The company announced on Wednesday that group...
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Tariffs: US government repays over 81 billion dollars
Following a landmark Supreme Court ruling, the US government under President Donald Trump has repaid billions in tariffs. A total of approximately 81.3 billion dollars was refunded from October 2025 to the end of June, according to data from the Treasury Department. In the same period last year, the sum was just under 5.3 billion dollars....
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Hugo Boss recommends rejecting Frasers Group's takeover bid
Fashion group Hugo Boss considers the takeover bid from major shareholder Frasers Group to be inadequate. “The offer price of 38.00 euros per share does not adequately reflect the standalone value and future value creation potential of Hugo Boss,” the company announced on Thursday. The offer has been subjected to an independent review process....
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Trump wants to suspend trade with Spain
Ankara - US president Trump wants to end all trade with Spain. At a press conference during the NATO summit in Ankara, Trump said: “I don’t want to continue trading with them”. Similar to last year's NATO summit, Trump was deeply annoyed with the position of NATO partner Spain. “Spain is a terrible partner in NATO. They don’t participate, they...
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Giorgio Armani's life to be made into a film – director on board
Ten months after the death of Giorgio Armani, a director has been found for a biopic about the life of the Italian fashion designer. Danish filmmaker Bille August, 77, known for “The House of the Spirits”, is set to direct “Armani: The King of Fashion”, as reported by industry publications Hollywood Reporter and Deadline. Film producer Andrea...
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AB Foods: Primark hit by weak consumer sentiment
Value fashion chain Primark, which is set to be spun off, has recorded a decline in sales in its third quarter. Like-for-like sales fell by 2.2 percent in the three months to June 20, parent company AB Foods announced on Wednesday. Primark was affected by the challenging consumer environment. The British conglomerate, which also operates in the...
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Nike sees consumers under pressure worldwide
US sportswear group Nike Inc. sees a gloomy mood in the sportswear market overall, despite a business boost from the World Cup. “Our customers are under pressure around the world, and that is being felt in the sportswear business,” said chief financial officer Matthew Friend during a conference call with analysts. Three months ago, Nike had...
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France passes advertising ban on ultra-fast fashion
Advertising for fast fashion platforms such as Shein, Temu and Aliexpress will soon be banned in France. The Senate, the second chamber of parliament, has approved a law aimed at curbing ultra-fast fashion. The law specifically provides for an advertising ban from the start of the new year. Influencers will also be prohibited from advertising,...
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Frasers Group stands firm on Hugo Boss takeover bid
In the takeover bid for Hugo Boss, major shareholder Frasers Group will not increase its offer. The company announced this in London. The British company has been attempting to take the helm of the German brand since mid-June through a voluntary public offer. It is offering 38 euros per share. Frasers is a retail conglomerate backed by...
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