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Authentic reportedly eyeing a takeover of Missoni

Authentic Brands Group is said to be close to taking over Italian luxury brand Missoni. According to sources for WWD, exclusive negotiations remain ongoing, with a deal expected to close by the end of the year. Authentic, the parent company of Reebok and Champion, is believed to have become the leading bidder after its competitor, WHP Global,...

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On in running for record third quarter

Swiss sportswear company On Holding AG has achieved new record results in the third quarter of the 2025 financial year, exceeding market expectations. Given the strong momentum, management raised its annual forecasts again on Wednesday. Revenue for the period from July to September amounted to 794.4 million Swiss francs. This represents a 24.9...

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Circularity platform Responsible acquires European sneaker marketplace Klekt

Belfast-based fashion technology firm Responsible, which powers circularity platforms for brands and retailers, has acquired Europe’s largest sneakers platform, Klekt, pronounced like ‘collect’, formerly known as Crep, for an undisclosed amount. In a statement, Reponsible, which helps clothing and footwear companies buy back and resell their...

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Qorium secures investment to scale lab-grown leather

Dutch biotech start-up Qorium, which is pioneering cultivated leather from cultured cow cells, has secured a 22-million-euro investment to scale production of its lab-grown leather. The round was led by Invest-NL, a fund owned by the Dutch government, and LIOF, the regional development agency for the Limburg region in the Netherlands, alongside...

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Aeffe postpones management report amid business review

Italian luxury giant Aeffe has postponed the publication of its interim management report, initially scheduled for November 14, as it continues to undergo an industrial recovery plan which has brought about implications for the document. The company had first initiated a strategic review early this year, including a repositioning of Moschino, as...

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Second-hand: When reselling becomes more effective than traditional digital tools

After years of expansion driven by online advertising and social media, brands are now reaching a financial point of no return: customer acquisition cost. According to Datareportal and Statista, the cost of a conversion via Meta Ads climbed by 61 percent between 2021 and 2024, while Google Ads increased by 44 percent. At the same time,...

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Asics records strong net sales and profit growth, raises outlook

Asics Corporation reported strong consolidated results for the first nine months of the fiscal year ending September 30, 2025. Net sales surpassed the 600 billion Japanese yen mark for the first time, increasing 19 percent year-on-year to reach 625 billion yen (4.04 billion dollars). This growth translated into significant profitability...

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From California to Europe: How Calle Del Mar is scaling a handmade brand without sacrificing craft

In today’s fast-evolving luxury market, Calle Del Mar is betting that craftsmanship – not speed – will win over the next generation of European consumers. The Californian knitwear label is entering the market not simply to reach new retailers, but to tap into a region that still protects and invests in craft. For Calle Del Mar, Europe thus...

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LVMH strengthens Swiss watchmaking ties with La Joux-Perret investment

The LVMH Watches Division, which encompasses Hublot, Tag Heuer, and Zenith, has announced the acquisition of a minority stake in La Joux-Perret, a recognized Swiss manufacturer specializing in the design and production of sophisticated watch movements. This strategic move is paired with a commercial partnership intended to secure new production...

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Puma streamlines North America distribution through licensing partnership with United Legwear

German sportswear company Puma SE is implementing a new distribution model for specific product categories in North America as part of its ongoing reform efforts. On Tuesday, the company announced an extension of its long-standing licensing partnership with the US textile manufacturer United Legwear Company LLC. As part of the agreement, United...

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OVS to acquire homeware provider Kasanova

The Italian retail group OVS SpA (OVS) aims to strengthen its presence in the homeware segment, where its Upim chain is already active with the brand Croff. On Monday, OVS announced a binding offer for the complete acquisition of homeware provider Kasanova SpA. Speculation about such a transaction has been circulating since this summer. Kasanova...

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Euratex sounds the alarm and calls for an urgent industrial strategy

The European textile and apparel sector comprises 192,000 companies and 1.3 million employees, generating an annual turnover of 167 billion euros. The industry is now warning of an imminent loss of competitiveness. In a joint statement issued in Brussels on November 11, 2025, Euratex (the European Apparel and Textile Confederation) and...