Latest articles in Business

In celebration of Earth Day: A rundown of some major eco-fashion milestones

Earth Day has officially landed and, among the complexities of the current economic and environmental climate, it seems the event has never been more important. This year’s theme, ‘Our Power, Our Planet’, emphasises that while further putting a core focus on renewable energy. Organisers of the event are thus calling for global renewable energy...

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Attest: Consumer spending on clothing declines over six months

A new survey by consumer research firm Attest has found a decline in spending on clothing, shoes and accessories among UK consumers over the most recent six month period. In the platform's latest UK Spending Trends Report for 2025, Attest addressed the question of whether financial uncertainty was causing shoppers to hold off from making...

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China turns inward as U.S. tariffs upend export-driven retail models

As escalating U.S. tariffs reshape the global trade landscape, Beijing is pivoting towards domestic consumption to shore up its export-reliant industries. The move, which carries significant implications for the international fashion supply chain, signals a critical rebalancing of China’s manufacturing-led growth model. In a joint statement...

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Frank and Oak brings forward US store closures amid tariff ‘uncertainty’

Canadian retailer Frank and Oak has confirmed plans to close all of its stores across the US as part of an ongoing liquidation process. In a statement on its website, the company said operations in the region will shutter by the end of April 2025. This is an earlier date than planned. According to Frank and Oak, the shuttering “was moved up due...

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French companies resist Paris' call

Paris - Since the publication of the AFP article on Sunday, April 21st, regarding the tensions between major French companies and the political powers — an in-depth piece outlining the positions taken by Bercy to encourage several groups to suspend their American projects — none of the main groups concerned — LVMH, Schneider Electric, CMA CGM —...

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Argand Partners acquires dance brand Capezio

New York-based middle-market private equity firm Argand Partners has acquired Ballet Makers Inc., the parent company of the dance brand Capezio, for an undisclosed amount. Founded in 1887, Capezio is an internationally recognised brand in the dancewear sector, designing and manufacturing premium and highly technical footwear, apparel, and...

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In response to global demand, Hermès opens 27th leather goods workshop in France

Paris - French luxury group Hermès announced on Tuesday the establishment of a new leather goods workshop in Colombelles (Normandy) “with the creation of 260 artisan jobs, in the long term” to support “the success of its leather goods and saddlery collections”. Hermès, which continues to achieve record results and whose sales jumped by 8.5...

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DHL suspends parcel shipments over 800 dollars to US

Parcel service DHL is temporarily suspending shipments to the US, according to the service's website. Starting this week, all parcels with a value of 800 dollars or more destined for consumers will no longer be collected and shipped. DHL stated that this is due to the new customs regulations. Previously, parcels with a value above 2,500 dollars...

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Matalan secures 25 million pounds funding to boost transformation

Fashion and homeware retailer Matalan has secured 25 million pounds (33 million dollars) additional funding to accelerate multi-year transformation. The funding boost comes from the company’s anchor investors—Invesco, Tresidor, Man Group, and Napier Park. The capital will support investments in store refurbishments, new store openings,...

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Fashion in Provence: A craft at risk, a future to build

If French fashion is a showcase of creativity and craftsmanship, it is not immune to the contemporary fractures affecting the textile industry. Between the imperative of "Made in France," the dwindling availability of technical skills, and the isolation of industry players, the South Region (Région Sud) exemplifies the contradictions of a sector...

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Does sustainability really sell? Fashion industry leaders reveal the truth

Sustainability is a term that’s increasingly popping up in shop windows, clothing tags, headlines, and more, especially when it comes to the fashion industry. This not-so-new buzzword has spread rapidly in recent years, largely as a response to the industry’s growing environmental and social challenges. But does it really sell? Can ethical...

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Valentino: Revenues at 1.31 billion euros, down 2 percent in financial year 2024

Italian fashion house Valentino’s revenues were largely stable compared to the previous year, totalling 1.31 billion euros in 2024, down 2 percent at constant exchange rates and 3 percent at current exchange rates, YoY. In 2023, the company closed at 1.34 billion euros. Venturini: ‘Our work took a decisive step with Alessandro Michele’s arrival...