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Frasers Group reportedly eyeing SilkFred takeover

Frasers Group is said to be mulling a takeover of troubled e-tailer SilkFred. According to sources for Drapers, the British retail giant is one of three parties considering a takeover. SilkFred appointed administrators from Quantuma in November after becoming “another victim of tough trading conditions”, the firm’s managing director, Andrew...

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SuperCircle secures 24 million US dollars to scale textile waste management

Circularity infrastructure start-up SuperCircle, which offers a full-service technology and reverse logistics textile management platform for retail brands, including J.Crew, Guess, and Reformation, has raised 24 million US dollars to scale its AI-powered platform. The Series A funding was led by venture capital firm Foundry, with participation...

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Future Snoops: “AI can become one of the most powerful sustainability tools we have”

“The future isn’t predetermined. The impact of AI depends entirely on how we choose to use it. If we’re intentional, if we design responsibly and act with purpose, AI can become one of the most powerful drivers of sustainability in the decade ahead,” said Emma Grace Bailey, director of sustainability at Future Snoops (FS), during the trend...

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Rent the Runway achieves 15.4 percent revenue growth in Q3 driven by subscriber increase

Rent the Runway, Inc. reported financial results for the fiscal quarter ended October 31, 2025, demonstrating execution on its multi-year transformation plan with significant strategic and operational milestones. Revenue grew 15.4 percent year-over-year to 87.6 million dollars, driven by subscriber growth, with ending active subscribers...

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IKKS Group acquired, many jobs to be cut

French ready-to-wear group IKKS, having been placed in receivership, has found a buyer. The acquisition will see its workforce halved with the loss of approximately 500 jobs, according to the takeover bid approved by the Paris Commercial Court on Friday. 546 direct jobs retained out of 1,094 The offer proposes the retention of 546 direct jobs...

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Business|CEO Interview

Toms' next chapter: CEO Jessica Alsing discusses brand resurgence and global market expansion

Earlier this year, Toms found its new chief executive in Jessica Alsing, the first woman to helm the global footwear brand. Her appointment marked the beginning of a new phase defined by growth, innovation and a renewed take on philanthropic giving, the latter a core pillar in the brand’s legacy. Upon her appointment, Alsing underlined a focus...

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Hurr expands Deliveroo partnership to more UK cities

Fashion rental platform Hurr is bringing its on-demand delivery service with Deliveroo to more UK cities and towns. The expansion builds on a partnership first established last year, when Hurr embarked on a London-focused trial of the feature that proved a “success”, according to a press release. As such, Hurr’s ‘Dress to Door’ offering will now...

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Bioworld Launches an in-house investment platform

Bioworld, a global manufacturer of licensed apparel, accessories, and home goods, known for its pop culture merchandise, is looking to accelerate the next generation of global consumer brands with the launch of its in-house investment platform. The launch of Bioworld Ventures marks a new chapter for the merchandising brand, as it focuses on...

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Taxation of small Chinese parcels: EU moves to practical implementation

Brussels (Belgium) - The principle has been agreed, yet practical details remain to be settled. The 27 member states must find a provisional solution on Friday to tax the mountains of small Chinese parcels imported into the European Union “as soon as possible” in 2026. This move comes without waiting for the initial deadline set for 2028. Some...

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Destination XL merges with FullBeauty as quarterly losses widen

Destination XL Group (DXL) has announced its intention to merge with FBB Holdings I, Inc. (FullBeauty) to create a “scaled, category-defining retailer for inclusive apparel”. The news comes as the US commerce retailer of Big + Tall men’s clothing reported widening losses in the third quarter, with consumers said to be shopping less frequently....

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Lululemon CEO Calvin McDonald to step down amid U.S. challenges

Lululemon Athletica simultaneously announced its third quarter fiscal 2025 financial results and a major leadership transition, confirming that Calvin McDonald plans to step down as chief executive officer and a member of the board of directors, effective January 31, 2026. The board has commenced a comprehensive search for a new CEO. The...

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Brunello Cucinelli raises growth forecast

Italian fashion house Brunello Cucinelli SpA has raised its revenue forecast for the current financial year 2025. According to an interim statement published on Wednesday, management now expects currency-adjusted growth of 11 to 12 percent. Previously, the knitwear specialist had forecast an increase of 10 percent at constant exchange rates....