Home

News

Business

Latest articles in Business

Estée Lauder sues Inditex and perfumer Jo Malone for trademark infringement

Madrid – While the Inditex group celebrated its strong annual results for the 2025 financial year in Madrid, beauty multinational The Estée Lauder Companies (ELC) dampened the proceedings by filing a lawsuit in the UK against the Spanish company. The legal action is based on an alleged trademark infringement occurring as part of the...

Member

Business

Vera Bradley swings to Q4 profit; unveils new executive leadership

US accessories brand Vera Bradley has formalised its leadership structure, appointing Ian Bickley as chairman and chief executive officer. Bickley, who has served as executive chairman for the past eight months, has been instrumental in the development of the Project Sunshine initiative. Additionally, the board of directors has named Martin...

Member

Business

Zalando fully embraces AI: 90 percent of content now created by machines

During a presentation of the annual results, co-founder and co-chief executive officer Robert Gentz (CEO) stated that more than 90 percent of Zalando's content is now generated using artificial intelligence. This allows the company to produce 70 percent more content than a year ago without increasing costs, reports Emerce. AI is also changing...

Member

Business

G-III reports negative fiscal 2026 results and strategic transition

US-based fashion company G-III Apparel Group has announced its financial results for the fourth quarter and full fiscal year 2026, ended January 31, 2026. The group reported a decrease in annual net sales as it navigates the planned exit of its licenses for Calvin Klein and Tommy Hilfiger. For the full fiscal year, net sales reached 2.96 billion...

Member

Business

Italian prosecutors seek trial for Amazon over tax evasion

Milan prosecutors have requested a criminal trial for Amazon and four of its executives over alleged tax fraud worth more than one billion euros, Italian media reported Thursday. The e-commerce giant in December said it had reached an agreement with Italy's tax agency over VAT it should have paid on behalf of third-party sellers. Amazon did not...

FeaturedMember

Business

Dick’s Sporting Goods forecasts growth following Foot Locker acquisition

US-based sports retailer Dick’s Sporting Goods has reported record-setting sales for its fourth quarter and full year ending January 31, 2026. The company, which acquired Foot Locker in September 2025, expects continued expansion in sales and profitability through fiscal 2026 as it integrates its new footwear banners. For the full year 2025,...

FeaturedMember

Business|CEO interview

Following the Les Lunes acquisition: The next steps for Snocks

Snocks continues on its growth trajectory. Following a successful 2025 financial year, where the German sock and underwear specialist grew by 20 percent, the company has once again expanded its portfolio and rescued Les Lunes from insolvency. The womenswear brand is now set to be revamped. Rehan Choudhry, who leads Snocks as co-CEO alongside...

Member

Business

Aeffe: net worth decreased by over a third of its capital

Aeffe's net worth has decreased by over a third of its capital, according to a document published by the company. It has called a shareholders' meeting for April 1, 2026. The purpose of the meeting is to “illustrate the pro-forma equity, economic and financial situation of Aeffe from which it emerges that the company's net worth has decreased by...

Member

Business

Brazilian group Azzas 2154 reports recurring net profit of 168 million reais in Q4

Azzas 2154, listed on the B3 stock exchange as AZZA3, released its fourth-quarter results on Wednesday, March 11. In the last quarter of the year, which focused on adjustments for operational efficiency, the company reported a recurring net profit of 168 million reais (32.04 million dollars). This represents a slight decrease of 0.5 percent...

FeaturedMember

Business

Gymshark reports 13th consecutive year of sales growth in FY25

British gym and fitness apparel brand Gymshark has been on a journey of retail expansion in recent years and has reported its 13th consecutive year of sales growth for its 2025 financial year (FY25), with revenue up from 603 million pounds in FY24 to 646 million pounds / 871 million US dollars. For the year ended July 31, 2025, Gymshark reports...

Member

Business

Quince secures 500 million US dollars in Series E funding

US-based fashion brand Quince, known for its manufacturing-to-consumer (M2C) retail model offering premium goods across fashion, lifestyle and home at affordable prices, has closed a 500 million US dollar Series E funding round, valuing the company at 10.1 billion US dollars. The San Francisco-based company said the investment, led by Iconiq,...

Member

Business

Levi’s e-commerce platform to be powered by Scayle

Enterprise commerce platform Scayle, part of Zalando SE, has announced a global partnership with American denim and apparel brand Levi’s to power its e-commerce across the US, Canada, and Europe. More than 350 online shops run on Scayle’s e-commerce software, including international brands and retailers such as British luxury department store...