Home

News

Business

Latest articles in Business

UK high street administration wave: The 5 retailers facing early 2026 setback

The UK high street has faced an early setback in the new year, with five major retailers already entering administration. Each company cited their respective collapses to rising business costs and cautious consumer spending. It comes despite more positive projections for the year ahead by industry analysts. According to a report by Knight Frank,...

FeaturedMember

Business

Eddie Bauer North American retail division enters Chapter 11 for liquidation or sale

Bellevue-based outdoor retailer Eddie Bauer has initiated voluntary Chapter 11 bankruptcy proceedings in the US Bankruptcy Court for the District of New Jersey. The filing is specifically limited to the company's North American brick and mortar operations, which include retail and outlet stores across the US and Canada. The company has entered...

Member

Business

Freemans.com reports continued Christmas growth

British digital department store Freemans.com has reported strong Christmas trading in 2025, defying a wider retail slump in the UK, as sales rose across home and fashion, as well as significant customer growth. For the four weeks to Christmas 2025, Freemans reports that sales rose 12 percent, boosted by the launch of its first online-only...

Member

Business

Turnbull & Asser reports widening loss amid restructuring and investment

London-based luxury shirtmaker Turnbull & Asse has reported a widening loss for the financial year ended January 25, 2025, as the company undertakes a significant internal restructuring and investment program. According to the latest filings, the heritage brand posted a loss after taxation of 1.73 million pounds (2.35 million dollars), compared...

Member

Business

Oh Polly reports increased profitability despite turnover dip

Scottish womenswear retailer Oh Polly has filed its annual report for the year ended April 30, 2025, revealing a significant rise in pre-tax profits despite a contraction in total turnover. The Glasgow-based company, known for its social-first marketing strategy and brands Oh Polly and Bo + Tee, saw profit before taxation climb to 10.55 million...

Member

Business

Fashion label Jott draws 15 takeover bids following bankruptcy filing

Around 15 potential buyers have submitted takeover bids for Jott, the Marseille-France based apparel brand famous for its colourful, lightweight puffer jackets. The company, whose name stands for "Just Over The Top," was placed into receivership by the Marseille Economic Affairs Tribunal in December. Despite its financial struggles, management...

Member

Business

Under Armour Q3 exceeds expectations despite revenue decline

Sportswear giant Under Armour has reported Q3 adjusted operating results that have “exceeded expectations” as its ongoing transformation strategy picks up. This is despite a decline in revenue, particularly as performance in North America dampened figures. For the quarter ended December 31, 2025, the company saw overall revenue drop 5 percent to...

Member

Business

Lanvin Group sells Caruso to MondeVita Italy

Raffaele Caruso has completed an ownership transfer from its former shareholder, Lanvin Group, to MondeVita Italy srl. MondeVita Italy srl is part of Mondevo Group, an international investment group backed by private investors with a long-term outlook. Mondevo Group was founded by Hussam Otaibi, founder and chairman, and Fabio Brambilla,...

Member

Business

US firm Blue Water Venture Partners to acquire Jacadi

Paris, France – The international investment firm Blue Water Venture Partners has announced its intention to acquire children's fashion brand Jacadi Paris. The firm is led by New York-based investor Joseph Hernandez. The news was reported by Les Echos on Thursday. In a statement dated Monday, the investment firm announced it has signed a “letter...

Member

Business

The Fabricant receives European support for AI project to improve fashion industry

The European Union is providing financial support to the Amsterdam-based fashion-tech company The Fabricant for the development of an AI-driven initiative. In collaboration with the University of the Arts London (UAL), the Image to Pattern project focuses on automating the conversion of design sketches into production-ready patterns, according...

Member

Business

Coty continues strategic review following successful debt reduction

Paris, France - US cosmetics and fragrance group Coty, which appointed a new interim CEO in January, published mixed results on Thursday. The company reported its “lowest debt in nine years” and is continuing its strategic review. In the second quarter of its fiscal year, from October to December, Coty's turnover increased by 1 percent...

Member

Business

H&M Group to close Maastricht customer service centre, 250 jobs to be cut

Swedish fashion group H&M Group is set to close its customer service centre in Maastricht, the Netherlands, on June 1, 2026. The Maastricht customer service centre currently serves multiple brands within the H&M Group, a spokesperson told FashionUnited. In 2026, the retail group will transition globally to an operational model with external...