Latest articles in Business

Puig and LVMH face off in the halls of Madrid's Royal Palace

Madrid – On the evening of Tuesday, September 29, 2026, one of the most anticipated moments of the French president's two-day state visit to Spain took place. A gala dinner was held at the Royal Palace in Madrid, hosted by the King and Queen of Spain in honour of Emmanuel Macron and Brigitte Macron. Just a few hours after its conclusion, a great...

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Selfridges returns to profitability, revenues increase 7 percent

UK department store operator Selfridges Retail Limited (Selfridges) has reported a 7 percent increase in revenue to 830.8 million pounds (1,099 million dollars) for the 52-week period ended January 3, 2026, compared to 774.6 million pounds in the prior 48-week period ended January 4, 2025. Total revenue, including sales from brand partners,...

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From Canadian farmland to global ambitions: Toronto jeweller Dean Davidson on staying true to his roots

Dean Davidson, founder of the eponymous Toronto-based jewellery brand, is setting his sights on international growth, guided by lessons learned far from the design studio on the Canadian farmland where he grew up. "I want Dean Davidson to become a truly global brand," Davidson told FashionUnited. "We've built such a recognizable language around...

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Revolve Group invests 15 million Canadian dollars in activewear brand 437

US fashion giant Revolve Group has invested 15 million Canadian dollars for a minority stake in Toronto-based activewear brand 437, according to WWD. The investment strengthens Revolve’s position in the activewear category and gives 437 access to the retailer’s digitally focused fashion expertise and customer reach as it looks to scale, the...

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Aeffe: revival proposal confirmed with investment of over 100 million euros

The presence of a consortium involved in the revival project for the Aeffe Group has been confirmed at Italy's Ministry of Enterprises and Made in Italy (MIMIT), as part of the negotiated crisis settlement procedure. The luxury company, headquartered in San Giovanni in Marignano in the province of Rimini, owns historic brands such as Alberta...

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H&M Group-backed project produces garments from hydroponic-grown cotton

A project between Spanish hydroponic farming company Magtech and H&M Group’s Circular Innovation Lab is testing if cotton can be grown without soil using a closed water system and AI-powered monitoring. The project has now moved beyond the testing stage, with an initial five-tonne batch of hydroponically grown cotton produced in Spain passing...

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Hirestreet snapped up by Thrift+ owner CTR Group

UK circular economy and reverse logistics firm CTR Group has acquired fashion rental platform Hirestreet, bringing the rental and resale businesses together under one owner as it looks to scale subscription fashion rental nationally. The acquisition gives Hirestreet access to CTR’s operational infrastructure, which processes more than 1,500...

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US congresswoman introduces ‘first-of-its’kind’ Textile Waste Reduction Act

US Congresswoman Chellie Pingree (D-Maine), founder and chair of the Congressional Slow Fashion Caucus, has introduced the Textile Waste Reduction Act (TWRA), legislation aimed at creating the first coordinated federal framework for reducing textile waste and advancing circularity in the US textile industry. The bill follows recommendations from...

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UK fashion brand Crew Clothing posts 22 percent turnover growth

UK smart casual lifestyle brand Crew Clothing Co Limited, based in the UK, has reported financial results for the 52-week period ended December 28, 2025, demonstrating strong top-line momentum across core sales channels. Strong turnover growth driven by e-commerce and retail expansion Turnover for the financial period increased by 22 percent to...

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Shein shares plummet over 11 percent following results undermined by stricter regulations

Hong Kong – Fast fashion giant Shein saw its share price plummet by more than 11 percent during mid-day trading on the Hong Kong Stock Exchange on Tuesday. The drop followed the publication of lacklustre financial results the previous day, which were undermined by stricter regulations, particularly in Europe. The group reported a turnover...

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Business|Artificial Intelligence

Spanish company Minicool launches first AI platform for the childrenswear industry

Madrid – Valencia-based company Minicool, which specialises in trend analysis for the childrenswear sector, is subverting its own dynamics and increasing its value to companies in the industry. It has launched its own artificial intelligence (AI) platform for developing childrenswear collections. The company is careful to emphasise that this...

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Fast fashion group Shein reports 50 percent drop in first-half operating profit

Hong Kong - Fast fashion platform Shein announced on Monday that its operating profit, or adjusted earnings before interest and taxes (adjusted EBIT), fell by 50.4 percent in the first half of this year, year-over-year. It amounted to 538 million dollars in the first half, compared to 1.09 billion in the same period of 2025. In the same period,...