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Kevin Hart partners with Authentic for global brand expansion

Comedian and entrepreneur Kevin Hart has entered into a strategic partnership with Authentic Brands Group (Authentic) to co-own and scale his personal brand globally. Under the terms of the agreement announced Tuesday, Hart will become a shareholder in Authentic, a move that aligns him with fellow high-profile partners like David Beckham and...

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Bestseller owner snaps up majority stake in Drake’s

Anders Holch Povlsen, the owner of Danish fashion giant Bestseller Group and the largest shareholder of e-commerce retailer Asos, has snapped up a majority stake in British menswear brand Drake’s. New Companies House filings have revealed that a 75 percent stake in Drake’s has been transferred to 28.10.2025 Limited, a firm overseen by Povlsen....

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Restructuring at De Bijenkorf: scope of redundancies yet to be confirmed

Amsterdam - Dutch department store chain De Bijenkorf has announced a further restructuring, confirming a report by the daily newspaper Het Parool to FashionUnited. Positions are set to be cut at the company's head office and in its stores. The exact number of redundancies has not yet been disclosed. On Monday, employees and other company...

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Asos adds Noughts & Kisses to brand portfolio

E-commerce giant Asos has reportedly acquired Noughts & Kisses and is preparing to launch the fashion brand on its site later in 2026. The news was confirmed to Drapers by Noughts & Kisses founder Jemma Bramley, who said the retailer’s customer “aligns closely” with Asos’ own. “Asos is the perfect next step for us because it expands our reach...

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Phoebe Philo forecasts threefold revenue increase in 2025 as growth accelerates

Phoebe Philo’s return to the industry in 2023 with an independent label bearing her name was one of the most closely observed developments in modern fashion. Insiders took interest in not only the creative significance of a seasoned designer establishing control over her output, but also the business model behind it. The brand launched with a...

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Thousands of customers left out of pocket following Huh administration

UK fashion retailer Huh entered administration in November after facing a prolonged period defined by widening losses and supply chain issues. Now, administrators say that nearly 5,000 customers are unlikely to receive either their orders or a refund. Documents filed with the UK’s Companies House show that Huh owes 162,319 pounds to 4,983...

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Farfetch UK resuscitated: losses narrow following Coupang acquisition

Farfetch UK Limited has reported a significant narrowing of annual losses for 2024, signaling a stabilising trajectory under the new ownership of South Korean e-commerce giant Coupang, Inc. According to the company's latest statutory financial statements, the loss for the year after taxation was 471.4 million pounds (638.7 million dollars), a 41...

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Claire’s and The Original Factory Shop due to enter administration

The parent company of Claire’s and The Original Factory Shop (TOFS) is preparing to enter the two retailers into administration. Private equity firm Modella Capital said the current climate was “extremely challenging” for high street retailers, particularly due to “an alarming drop-off in pre-Christmas footfall”. In a statement to The Guardian,...

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Next records surge in Christmas sales and raises full-year profit outlook

Next Plc issued a robust trading update today, revealing that full-price sales for the nine weeks ending 27 December 2025 climbed 10.6 percent compared to the previous year. This performance significantly exceeded the Group's earlier guidance of 7 percent for the period, driven primarily by a massive surge in international demand. Highlights of...

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Aspinal of London: Digital strategy and international expansion fuel 17.1 percent turnover rise

Aspinal of London Limited has announced a double-digit increase in annual turnover, underpinned by a robust digital-first strategy and a successful push into international markets. According to the company’s latest annual report for the year ended 31 March 2025, sales surged by 17.1 percent, reaching 45.2 million pounds (61.3 million dollars)...

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Hush reports narrowed operating loss despite turnover decline

Hush Homewear Limited, the premium women’s fashion and lifestyle brand, has reported a strategic shift in its fiscal 2025 performance, prioritizing brand health and profitability over sheer sales volume. Despite a 14 percent decline in turnover to 45.1 million pounds (61.1 million dollars), the company successfully narrowed its operating loss to...

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Vietnam: growth accelerates to 8 percent in 2025 despite US tariffs

Vietnam reported an 8 percent growth in its gross domestic product (GDP) for 2025 on Monday, driven by services, construction and exports, despite the impact of US tariffs. “The 2025 GDP is expected to post significant growth, estimated at 8.02 percent compared to the previous year,” the Statistics Bureau said in a statement. For several years,...