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Footasylum secures 60 million pounds in funding amid retail expansion

Sportswear retailer Footasylum has secured an extension to its revolving credit facility with HSBC UK, expanding its financing with the bank from 35 million pounds to 60 million pounds. The new funding comes amid a retail expansion for the retailer, which has confirmed new store locations in Leeds, Glasgow and Merthyr Tydfil. The first will open...

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Heritage hatmaker Christy & Co. falls into liquidation

Christy & Co., the parent company of heritage hatmaker Christys, has been placed into voluntary liquidation and is winding down after 253 years in business. According to filings with Companies House, insolvency specialists Yiannis Koumettou and Amie Helen Johnson of BTF Begbies Traynoy LLP have been appointed to oversee the process. Documents...

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Claire’s French owner eyes last minute bid for retailer's UK business

Julien Jarjoura, the owner of the French arm of Claire’s, is reportedly mulling a last minute bid for the accessory chain’s UK business. According to The Times, Jarjoura is said to be in discussions with both administrators and landlords regarding a plan to retain “many” of the retailer’s 154 UK stores. His interest comes on the heels of Claire’...

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Uniqlo Europe reports record 243.3 million euros profit for fiscal 2025

The Japan-based Fast Retailing has revealed a significant performance surge for its European subsidiary, Uniqlo Europe, for the fiscal year ended August 31, 2025. The company reported a profit after taxation of 243.3 million euros (278.6 million dollars), representing a 9.12 percent increase from the 222.93 million euros achieved in 2024. This...

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Alexander McQueen initiates redundancy proceedings for 54 employees in Italy

Alexander McQueen has begun redundancy proceedings for 54 employees in Italy. “Regarding the collective redundancy procedure initiated yesterday, March 12, 2026, by Alexander McQueen, which affects 54 employees out of a total of 181, we express strong concern and clear opposition. This decision risks having an extremely significant social and...

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JD.com continues European rollout of Amazon competitor Joybuy with UK launch

Chinese e-commerce giant JD.com has launched Joybuy in the UK as it continues a European rollout of the online shopping platform, pitted as a rival to Amazon. The company has debuted in the region through a dedicated app and e-commerce channel, both now available to customers. Joybuy’s operations are entirely owned by JD.com, from its logistics...

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Flotte raises three million euros and prepares to open several boutiques

The French brand Flotte, founded in September 2020 by Lyly Wu and Mickaël Pan, is reaching a pivotal stage in its development. Known for its colourful rainwear and its lifestyle positioning, the company announced this Friday a fundraising of three million euros. The transaction was conducted with Belgian investment fund Akiles and the Time 4...

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The resale revolution and why brands want back in

The second-hand fashion market has crossed a threshold. When eBay agreed to buy Depop from Etsy for around 1.2 billion dollars, it was another signal that resale is no longer a niche corner of retail. It has become a central part of how younger consumers shop. For Gen Z in particular, buying pre-loved clothing is normal. It offers a mix of...

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Australia: Strategy launched to rebuild domestic textile manufacturing

A new strategy has been launched in Australia aimed at rebuilding targeted domestic manufacturing capabilities across the textile, clothing and footwear (TCF) sector. The Australian Fashion Council (AFC) and footwear brand R.M.Williams have jointly introduced the National Manufacturing Strategy for Australian Fashion and Textiles 2026–2036. The...

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Estée Lauder sues Inditex and perfumer Jo Malone for trademark infringement

Madrid – While the Inditex group celebrated its strong annual results for the 2025 financial year in Madrid, beauty multinational The Estée Lauder Companies (ELC) dampened the proceedings by filing a lawsuit in the UK against the Spanish company. The legal action is based on an alleged trademark infringement occurring as part of the...

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Vera Bradley swings to Q4 profit; unveils new executive leadership

US accessories brand Vera Bradley has formalised its leadership structure, appointing Ian Bickley as chairman and chief executive officer. Bickley, who has served as executive chairman for the past eight months, has been instrumental in the development of the Project Sunshine initiative. Additionally, the board of directors has named Martin...

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Zalando fully embraces AI: 90 percent of content now created by machines

During a presentation of the annual results, co-founder and co-chief executive officer Robert Gentz (CEO) stated that more than 90 percent of Zalando's content is now generated using artificial intelligence. This allows the company to produce 70 percent more content than a year ago without increasing costs, reports Emerce. AI is also changing...