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Morellato Group acquires Italian operations of Fossil Group

Morellato Group has acquired the distribution operations of Fossil Group in Italy. “The deal establishes a new and important synergy between two leading groups in the international watch and jewellery market. Its aim is to further strengthen the presence in Italy of prestigious brands such as: Fossil; Emporio Armani; Armani Exchange; Michael...

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FatFace's CEO and product director talk Europe expansion, digital growth, and Petite success

In 2025, British lifestyle brand FatFace made significant strides in adapting to shifting consumer demands. Following its 2023 acquisition by UK retail giant Next, the company has built on strategic and operational momentum, with the partnership further propelling it towards global opportunities within an evolving retail landscape. The past year...

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Lookiero-Outfittery merger secures 17 million euro funding round

Lookiero Outfittery Group has closed a 17 million euro investment round. The funding will boost its growth, strengthen its logistics structure and accelerate the development of new artificial intelligence-based features. The round saw participation from new investors including Ekarpen Private Equity and the Spanish Society for Technological...

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CFDA and Ralph Lauren launch grant programmes to support US manufacturing

The Council of Fashion Designers of America (CFDA) has teamed up with Ralph Laurent to launch two grant programmes designed to bolster the US manufacturing industry. With additional funding support from the New York State Department of State, the CFDA x NY Forward Grant Fund will provide grants to designers and manufacturers based in New York...

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Business|Updated

Zalando to close Erfurt site in Germany impacting 2,700 employees

German online fashion retailer Zalando is closing its logistics centre in Erfurt at the end of September, employing 2,700 people. The Berlin-based, Dax-listed company made the announcement. Employees are currently being informed of the plans. According to the company, the reason is a realignment of its Europe-wide logistics network following the...

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Tesco clothing sales increase 4.4 percent during Christmas trading period

Tesco PLC has reported a resilient performance in its Home & Clothing division during the critical third-quarter and Christmas trading periods of 2025/26. Defying a broader market trend where rivals saw significant declines in discretionary spending, Tesco’s Home & Clothing like-for-like (LFL) sales grew by 2.1 percent over the 19-week period....

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ABF trading update: Primark's UK growth contrasts with European decline

Associated British Foods plc (ABF) today issued a trading update for the 16 weeks ending January 3, 2026, revealing a complex performance across its global operations. While the Group continues to navigate a difficult consumer environment, chief executive George Weston highlighted a stark contrast between the company’s resilient UK operations...

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M&S fashion division navigates 'tail end of recovery' with sales down 2.5 percent

While Marks and Spencer Group PLC (M&S) celebrated a record-breaking Christmas in its Food division, the Fashion, Home & Beauty (FHB) segment faced a more complex trading environment during the 13 weeks ending December 27, 2025. The company said that the FHB segment at M&S is currently navigating the "tail end of recovery" as part of the...

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Uniqlo parent Fast Retailing raises its forecast for 2025/2026

On Thursday, Japanese ready-to-wear giant Fast Retailing, the parent company of Uniqlo, raised its profit and revenue forecasts for its 2025/26 fiscal year. The company cited robust profits for the September-November period and a turnaround in the Chinese market. The Japanese apparel giant had achieved its fourth consecutive year of record...

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Centric Brands expands portfolio with acquisition of Fownes Brothers assets

Centric Brands, a prominent lifestyle brand collective, announced the strategic acquisition of select assets from Fownes Brothers & Co., Inc. The deal includes the operations, intellectual property, and product lines of the historic cold-weather accessories firm, marking a significant expansion of Centric’s footprint in the category. Founded in...

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Global apparel & textile recycling market predicted to hit 20.2 billion dollars by 2031

The global clothing and textile recycling market is projected to reach a total worth of 20.2 billion US dollars, up from 13.6 billion US dollars in 2024, according to the latest Valuates Report, highlighting the growing value of this sector. Driven by the advancement of circular-economy initiatives around the world, this increase represents a...

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Hong Kong's luxury department store Lane Crawford launches AI stylist

AiDLab is collaborating with iconic Hong Kong luxury department store Lane Crawford, fashion innovator Calvin Wong, CEO and Centre Director of AiDLab and Endowed Professor in Fashion at The Hong Kong Polytechnic University (PolyU), announced today on LinkedIn. AiDLab, which stands for the Laboratory for Artificial Intelligence in Design, is a...