Latest articles in Business

Jimmy Gabriel on Aerosoles' biggest expansion yet: ‘Within three years, I want Aerosoles to be a truly global brand’

When Jimmy Gabriel joined Aerosoles as its new president and chief brand officer in September 2024, he set out to fix the company’s women's footwear business. “We had to get the product right, edit the assortment, get back to the right balance of fashion, comfort, quality and value, and make sure Aerosoles stood for something again,” Gabriel...

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Macy’s raises full-year guidance after strong second quarter

US department store group Macy’s has raised its full-year 2026 guidance after reporting stronger-than-expected second-quarter results, with comparable sales increasing across its portfolio. Group net sales rose 1.1 percent to 4.9 billion dollars in the quarter, while comparable sales increased 2.7 percent, marking the fifth consecutive quarter...

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Castore sparks sale speculation amid 10 year anniversary celebrations

British sportswear manufacturer Castore has found itself at the centre of sale speculation after reportedly receiving a series of unprompted takeover approaches from competitors. According to Sky News, Castore has now appointed JPMorgan to review the bids, with a formal sale process yet to be launched. It was suggested that a deal could take...

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Pelonio (Press) is now AM: A new era for the Madrid-based agency

The renowned Madrid-based communications and event production agency Pelonio Press is beginning a new chapter under the name AM, with a new visual identity, headquarters and corporate structure. The change also marks the separation of the activities previously carried out jointly by its three founding partners. On one hand, Andrés Aberasturi...

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LK Bennett set for category and market expansion as IMG takes on global licensing

Months after falling into administration, LK Bennett is set to be revived through a new strategic partnership between IMG Licensing and its parent company Gordon Brothers. The US brand management firm has tapped IMG to lead a regimaging of the British label that will see it move beyond its fashion-focus to become a broader lifestyle brand. In...

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Harvey Nichols resumes e-commerce activities

Harvey Nichols has relaunched its e-commerce operations weeks after Frasers Group acquired the luxury department store and rescued it from the clutches of administration. The website has been resumed following a transaction period in which ownership over the company was transferred to Frasers. The British retail giant acquired the retailer as...

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Debenhams Group offloads Sheffield distribution centre

Debenhams Group has announced the offloading of its Sheffield distribution centre as part of continued turnaround efforts specifically focused on pivoting the retail giant to a capital-lite, stock-lite model. The automation at the site has been sold and the location’s lease has been reassigned to Primark Stores Limited for consideration of 90...

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THG posts 7.2 percent revenue increase in first half of 2026

UK e-commerce group THG PLC (THG) has announced its interim financial results for the half-year ended June 30, 2026, recording a 7.2 percent increase in group revenue on a continuing constant currency (CCY) basis to 828.7 million pounds (1,123 million dollars). Revenue reached 828.7 million pounds on a statutory basis, up 5.8 percent compared to...

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ABF Q4 trading update: Primark demerger progress and financial outlook

UK-based conglomerate Associated British Foods (ABF) has issued a trading update for the fourth quarter of fiscal year 2026 ended September 12, 2026, revealing that group adjusted operating profit is expected to align with previous expectations, while adjusted earnings per share will exceed prior forecasts. Work on the planned demerger of ABF's...

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John Lewis half-year loss widens amid transformation investment

UK retail group John Lewis Partnership (JLP) has reported a widening loss before tax and exceptional items of 89 million pounds for the 26 weeks ended August 1, 2026, compared to a loss of 34 million pounds in the prior-year period. The loss reflects increased investment in brand transformation and elevated operational costs across the business....

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Business|EXCLUSIVE

Textile-to-textile recycling is scaling, but not at the level of its hype – new report finds

Textile-to-textile recycling is one of the most hyped topics in circular fashion right now, largely driven by the commercialization of chemical recycling currently underway. Although recycling can provide one of the core building blocks for closing the loop in the industry, industry professionals are raising the alarm on how difficult it is to...

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Business|Interview

Melanie Marsden on scaling Lounge: 10 years, six stores and a wider wardrobe

Melanie Marsden co-founded Lounge in a spare bedroom in 2016 with 1,000 pounds and a conviction that comfortable underwear could still feel luxurious. A decade and more than 100 million pounds in annual sales later, she is applying the same argument to blazers, trousers and athleisure. The British brand, which Marsden runs with her husband Dan...