Home

News

Business

Latest articles in Business

UK Spring Forecast 2026: Economic outlook for retail businesses

The UK government has set out its new Spring Forecast 2026, with chancellor Rachel Reeves telling Parliament that her economic plan is “the right one” for a more uncertain world. For retail businesses, the key talking points were reports of inflation falling, borrowing allegedly being lower than expected, and household incomes that are...

Member

Business

M&S strengthens ties to motorsport with Silverstone deal

British retailer Marks & Spencer is becoming an official partner of Silverstone Circuit, the world-renowned motorsport venue in England, which hosts the Formula 1 British Grand Prix. In a statement, M&S said the partnership spans year-round activity at the circuit, including track days, hospitality, fan zones, music, and entertainment, as well...

Member

Business

Kontoor Brands exceeds expectations for fiscal year 2025

US apparel group Kontoor Brands Inc. has concluded its fiscal year 2025 with a significant increase in revenue, thanks to the acquisition of outdoor outfitter Helly Hansen. One-off charges, however, led to a decline in profit. This was announced in a business report published by the company on Tuesday. Helly Hansen acquisition boosts revenue...

Member

Business

On increases annual revenue by 30 percent and forecasts further growth

Swiss sportswear provider On Holding has concluded the 2025 financial year with a new revenue record, although net profit fell short of the previous year's level. The results, published by the company on Tuesday, surpassed recent forecasts. Last year, revenue amounted to 3.01 billion Swiss francs (3.83 billion dollars). This represents an...

Member

Business

Textile recycler Circulose joins Spinnova’s consortium to boost commercialisation efforts

Circulose, a textile-to-textile recycling company, has become a new member of Spinnova’s consortium, building on efforts to scale the Finnish firm’s manufacturing technology that turns wood pulp into textile fibre. Through the collaboration, Circulose will integrate its own pulp, made out of recycled cellulosic-rich textile waste, into Spinnova’...

Member

Business

Mapped: the impact of the West Asia crisis on global textile trade routes

The ongoing West Asia crisis has thrown open the extreme vulnerability of supply chains, including those of the garment and textile industry. FashionUnited has taken a look at why the Strait of Hormuz and the Bab-el-Mandeb Strait are such “jugular veins” of the textile trade between Asia and the West and what it means in terms of shipping times,...

Member

Business

Landbell USA selected as PRO of California’s Responsible Textile Recovery Act

Nonprofit organisation Landbell USA has been appointed as the Producer Responsibility Organisation (PRO) for California’s Responsible Textile Recovery Act (SB 707), overseeing the management and stewardship of regulated textile products in the state. In the role, Landbell USA will be responsible for developing a Producer Responsibility Plan,...

Member

Business

Farfetch performance improves yet Coupang swings to loss in Q4

Since Coupang’s acquisition of Farfetch, it has been hard to gauge how well the British luxury e-tailer is performing, particularly as its South Korean parent company tackles broader market challenges. In the group’s latest earnings call for Q4, however, its CEO and chairman, Bom Kim, confirmed things were looking up. “At Farfetch, this quarter...

Member

Business

Footwear retailer Schuh reports drop in revenue and profit

The UK-based footwear retailer Schuh has reported a significant downturn in profitability for the 52 week period ended February 1, 2026. Despite a relatively stable store estate, the group faced a challenging final quarter characterized by an increasingly promotional landscape and disappointing trading during key periods. Highlights of annual...

FeaturedMember

Business

European fashion stocks decline amidst Middle East conflict

Madrid – Major European fashion companies are holding their breath, waiting to see how markets and their shares will evolve following the outbreak of the new military conflict between the US and Israel against Iran. The war has unleashed instability in the Persian Gulf region. This has been fraught with uncertainty since last Saturday, which...

FeaturedMember

Business

Value chains in jeopardy over Iran: Maersk diverts its vessels to the Cape of Good Hope

Madrid – Tensions are returning to global value chains following the military conflict that erupted this Saturday, February 28, in the Middle East. This follows coordinated attacks against Iran by the Israeli and US armies. The ayatollahs' regime has already responded to these hostilities, announcing an unpredictable escalation of the conflict....

Member

Business

Brazilian apparel group Veste posts 10.4 percent revenue increase in 2025

Brazilian high-end apparel group Veste, which operates a portfolio including Le Lis and Dudalina, has consolidated its business model following a year of strategic execution and improved operational discipline. The company reported net revenue of 1.24 billion Brazilian reals (0.24 billion dollars) for the full year 2025, representing a 10.4...