Latest articles in Business

Australia to reform modern slavery regulations

The Australian government has proposed plans to reform its Modern Slavery Act with the goal of strengthening preventive efforts against exploitation in the domestic supply chain. If implemented, companies turning in an annual revenue of over 100 million Australian dollars would be required to identify, prevent, and address risks of modern...

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Burberry shareholders approve new CEO pay policy despite investor opposition

Shareholders of Burberry have backed a new executive pay policy that could see the luxury brand’s chief executive Joshua Schulman receive total remuneration of up to 12.24 million pounds, despite opposition at the company’s annual general meeting. According to a new AGM filing, 64.6 percent of votes supported the directors’ remuneration policy,...

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The Very Group turns to agentic AI to modernise retail pricing

British e-tailer The Very Group has signed a three-year partnership with UiPath to introduce an AI-powered pricing system across its brand portfolio. The technology is expected to support the group’s management of margins and stock, while giving teams greater visibility into pricing performance. The technology will support pricing and...

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Lululemon opens one million square foot distribution centre

Canadian activewear brand Lululemon has opened a state-of-the-art, one million-square-foot distribution centre in Brampton, Ontario, Canada, to strengthen its North American e-commerce fulfilment capabilities. The distribution centre, in partnership with Element Logic, features one of the largest AutoStore-enabled facilities in North America,...

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India-UK FTA comes into effect: Zero-duty access for Indian textiles and apparel in the UK

The India–UK Comprehensive Economic and Trade Agreement (CETA) has officially come into effect, establishing an economic framework between the two countries. Operationalized on July 15, 2026, the bilateral trade deal seeks to reduce trade barriers, improve market access, and enhance professional mobility across major industrial sectors....

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Richemont accelerates growth thanks to its jewellery business

Richemont continues its growth trajectory. The Swiss jewellery and watch group recorded a strong increase in turnover in the first quarter of the 2026/27 financial year, exceeding analysts' expectations. Products from the jewellery maisons Cartier and Van Cleef & Arpels continue to enjoy great popularity. The group's turnover rose by 17 percent...

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Shoe Zone narrows full year loss guidance following positive trading period

UK-based footwear retailer Shoe Zone has issued a trading update confirming that its financial performance over the last two months of trading surpassed initial market expectations. The positive performance, recorded across May and June, was driven by a closing down sale at the warehouse facility of the company alongside favourable seasonal...

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Frasers Group reports revenue increase amid elevation strategy expansion

UK-based retail conglomerate Frasers Group has announced its full year financial results for the 52 weeks ended April 26, 2026. The company reported an 8.7 percent increase in revenue to 5.3 billion pounds (7.17 billion dollars), heavily supported by international revenue growth of 59.2 percent. Reported profit before tax, increased by 38.9...

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Syntetica secures 30 million dollars in funding, Lululemon among investors

French textile recycling company Syntetica has closed on a 30 million dollar Series A funding round, with backing from Lululemon, Sri Lanka’s MAS Holdings, and the family offices of Etam and Peugeot, among others. The firm said the funding will support the construction of its first commercial demonstration facility in France, where it plans to...

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How barefoot shoes are conquering fashion

What do Chanel, Dior, Louis Vuitton, Camper, Vans and Tamaris have in common? In recent months, they have all introduced shoe models that are reminiscent of barefoot shoes or are explicitly marketed as such. They are tapping into a trend that has long existed far outside of fashion. Once derided as an eco-friendly or health shoe, barefoot shoes...

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UK watchdog clears Ebay, Depop merger

The UK’s Competition and Markets Authority (CMA) has cleared the anticipated acquisition by Ebay of Depop Limited. The formal review into the merger launched in June, at which time the regulator said it was looking to determine the “impact the transaction could have on competition in the UK”. Its process involved an information-gathering period...

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Recover joins Turkish Ünteks Group to boost industrial use of its recycled cotton

Madrid – Spanish company Recover, a recognised industry leader in the global production of recycled cotton fibres, has today announced a partnership agreement with Turkish textile company Ünteks Group. Through this new alliance, both companies will collaborate to promote the use of recycled cotton within the textile and fashion ecosystem....