Latest articles in Business

Myanmar garment manufacturers call for support after Friday’s earthquake

Following the 7.7-magnitude earthquake that hit Myanmar last Friday, 28th March, and killed more than 2,700 people, the Myanmar Garment Manufacturers Association (MGMA) and partner associations have called for financial assistance for the garment producing country. Locally, they are requesting factory owners, management and members to provide...

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FILA Holdings changes name to Misto Holdings

South Korean company FILA Holdings is changing its name to Misto Holdings to solidify its position “as a global brand portfolio company”. In a statement, the company said it felt that FILA Holdings was “closely associated” with the FILA sportswear brand, which has led to a “limited perception” of its broader portfolio and global brand management...

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Markmi raises 1.1 million euros in seed funding

Belgium-based fashion tech startup Markmi has raised 1.1 million euros in seed funding to accelerate the rollout of its AI-driven markdown assistant across Belgium, the Netherlands, the Nordics, and the US later this year. The round included backing from fashion and tech investors, including Wolf (Luc Van Mol, ex-ZEB), the Torfs family, and tech...

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Livestream shopping gains momentum in Europe

Live commerce is reshaping the landscape of online retail across Europe, with livestream shopping emerging as a key driver of engagement and sales. According to a newly released report, The Live Selling Revolution: Whatnot’s 2025 European Market Report, the sector is witnessing exponential growth, particularly among fashion and lifestyle brands...

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Le Coq Sportif: A high-stakes battle to save the French icon

The future of Le Coq Sportif hangs in the balance over the coming weeks. Placed in receivership since November 2024, the historic sportswear brand, official outfitter of the French delegation for the Paris 2024 Olympic Games, has attracted interest from two potential buyers. One, backed by the French government, appears best positioned to ensure...

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Kurt Geiger expanding Business by Design Academy

Fashion footwear and accessories brand Kurt Geiger has announced it is expanding its Business by Design Academy by 50 percent and will open the initiative to young creatives nationwide with a new online platform launching in the autumn. The announcement comes as the second cohort prepares to graduate from the fully funded career incubator. The...

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Unilever acquires personal care brand Wild

Consumer goods company Unilever has acquired British personal care brand Wild for an undisclosed amount. In a statement, Unilever said the acquisition marks another step in optimising its portfolio towards “premium and high growth spaces” as part of its Growth Action Plan 2030. Launched in the UK in 2020, Wild is a digitally native brand that...

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Boohoo to go forward with Debenhams rebrand despite Frasers backlash

Boohoo Group and its majority shareholder, Frasers Group, are clashing once again. Upon Boohoo revealing plans to rebrand the company to Debenhams Group, the fast fashion giant initiated a general meeting calling on shareholders to vote for or against the proposal. It was here that Frasers, the parent company of Sports Direct and the owner of...

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Diesel parent company OTB Group compensates employees for social engagement

The OTB Group is providing its employees with paid time off for their involvement with non-profit organisations. The Italian fashion conglomerate, which owns brands such as Diesel, Jil Sander, and Maison Margiela, launched the "Brave to Care" project together with its non-profit organisation, the OTB Group announced on Monday. The social...

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PVH Corp. beats Q4 forecasts despite net loss

PVH Corp., parent to Tommy Hilfiger and Calvin Klein, showed resilience in its fourth quarter, beating analysts' forecasts despite a reported net loss. The company's revenue performance and forward-looking statements sparked confidence, boosting its stock price. Fourth quarter 2024 revenues fell 3 percent to 2.49 billion dollars, compared to the...

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Taipei Fashion Week: Driving sustainability through textile innovation and cross-sector collaboration

Taiwan’s textile manufacturing industry has long been prevalent. The sector is the second largest in the country, only surpassed by technology, yet the combination of the two makes Taiwan an attractive destination for global brands seeking specialised materials and technical textiles. It was therefore apt that for this season of Taipei Fashion...

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QVC cuts 900 jobs as it pivots from TV shopping to digital platforms

QVC Group, the home shopping conglomerate behind QVC and HSN, has announced plans to cut approximately 900 jobs as part of a comprehensive reorganisation effort. This workforce reduction follows a concerning financial performance revealed in March, when the company reported a 6 per cent revenue decline for both the fourth quarter and full year...