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Bjørn Gulden details Adidas's turnaround amidst tariff headwinds

Sportswear group Adidas has managed to somewhat limit the impact of US tariffs on its international business. For the current year, CEO Bjørn Gulden now only expects losses of around 120 million euros. Previously, the German company had anticipated a negative impact of 200 million euros. The majority of this will be incurred in the fourth...

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Gildan Activewear: Q3 sales rise but profit declines

Canadian textile group Gildan Activewear Inc. has concluded the third quarter of the 2025 financial year with a slight increase in sales. Profit decreased but exceeded market expectations, according to an interim report published by the company on Wednesday. In the most recent quarter, which ended on September 28, group sales reached 910.6...

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Recover partners with H&M as a 'large-scale' supplier of recycled cotton

Madrid – Spanish company Recover has taken a giant leap in scaling its operations and business model. The company has just announced a multi-year agreement with the Swedish fashion multinational H&M. It will supply the company with large-scale quantities of its recycled cotton fibres, which are marketed under the brand name 'RCotton'. The...

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Amazon to invest five billion dollars in AI data centres in South Korea

Seoul – Following the announcement of a new round of redundancies as part of its strategy to reduce costs and accelerate investment in artificial intelligence, Amazon will invest more than five billion dollars to build AI data centres in South Korea by 2031, the Asian country reported on Wednesday. The commitment was announced by Matt Garman,...

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Next exceeds Q3 growth expectations, driving upward revision of forecasts

Next has upgraded its profit forecast for the full year, announcing a 30 million pounds increase in its guidance for profit before tax, which now stands at 1.14 billion pounds. This uplift follows a much stronger-than-expected performance in the third quarter ended October 25, 2025, where full price sales grew by over 10.5 percent, exceeding the...

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Textile innovator Piñatex heading for liquidation

Madrid – The outlook is bleak for the disruptive and renowned textile innovation company Ananas Anam, founded in 2013 by Spanish national Carmen Hijosa. The company owns a range of sustainable solutions for the textile industry, including the vegan pineapple leather marketed under the Piñatex brand. It is currently in pre-insolvency proceedings...

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Rent the Runway reduces debt and extends maturity through recapitalisation

Rent the Runway, Inc. (RTR), the pioneer in apparel rental, announced the successful closing of its previously announced recapitalisation transactions, a strategic move designed to significantly enhance its financial position and flexibility. CEO and co-founder Jennifer Hyman termed the recapitalisation as a crucial milestone, adding, “By...

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Value of fashion brands increased in 2025 brands list

The updated 2025 list of the world's most valuable fashion brands has unveiled a landscape marked by substantial gains for key luxury and sportswear players, signaling robust brand strength despite market headwinds. While French luxury giant Louis Vuitton retained its one position, the story of the year-over-year comparison is one of dramatic...

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Live shopping platform Whatnot secures 225 million dollars in funding

Whatnot, a live shopping platform operating in the US, UK and across Europe, has closed on a 225 million dollar Series F funding valuing the company at 11.5 billion dollars. Co-led by DST Global and CapitalG, the round attracted new investors such as Sequoia Capital and Alkeon Capital, as well as returning investors like Greycroft and Andreessen...

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Amazon confirms plans to cut around 14,000 office jobs

The world's largest online retailer, Amazon, is cutting around 14,000 administrative jobs. In a statement, the company attributed the cuts to organisational changes in the age of artificial intelligence. Shipping operations in Germany and other countries are not expected to be affected by the reduction in office jobs. It was initially unclear to...

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VF Corporation exceeds expectations in second quarter

US apparel group VF Corporation exceeded market expectations in the second quarter of its 2025/26 financial year. The parent company of brands such as The North Face, Vans and Timberland achieved surprising growth in sales and profit. This was revealed in the latest results, which the company presented on Tuesday. CEO Bracken Darrell was pleased...

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VIA Outlets raises 500 million euros with green bond issuance

VIA Outlets, the owner and operator of eleven fashion outlet centres across Europe, successfully raised 500 million euros through its issuance of a green bond. The bond, which carries a seven-year term and a fixed interest rate of 3.5 percent, attracted strong institutional investor interest, becoming 3.6 times oversubscribed with an order book...