Latest articles in Business

Capri holdings slides deeper into loss zone in fourth quarter

The US fashion group Capri Holdings Limited also suffered significant sales losses in the fourth quarter of the 2024/25 financial year. In addition, the group reported a significantly higher loss. However, the figures, which the company published on Wednesday, were not quite as bad as analysts had expected in the run-up. The current quarterly...

Business

Hermès to open factory in France in 2027

Luxury group Hermès has started work on the Beyrand factory, a subsidiary of the group since 2017. The site will open in 2027, in Couzeix, France (Haute-Vienne), and will be dedicated to tableware. In approximately two years, 300 people will come to work in the town of Couzeix. They will be working at the new Beyrand factory. Among the technical...

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Business

Despite record sales in first quarter, Abercrombie & Fitch lowers profit forecast

The US clothing company Abercrombie & Fitch Co. was able to significantly increase its sales in the first quarter of the 2025/26 financial year, but had to accept a drop in profits. Although the current figures, which the company presented on Wednesday, exceeded expectations, the management lowered its earnings forecasts for the year as a whole....

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Adidas confirms data breach, customer contact information exposed

Adidas has confirmed a cybersecurity breach in which unauthorized actors accessed personal data belonging to customers who had previously contacted the company's customer service. The compromised information primarily includes names, phone numbers, and email addresses. The sportswear giant emphasized that no passwords, credit card details, or...

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EU-funded T-rex Project presents blueprint for textile-to-textile recycling

The EU-funded T-REX (Textile Recycling Excellence) project successfully completed its innovation programme after three years of collaboration with 13 organisations, including Fashion for Good and Adidas. In a press release, the consortium presented a comprehensive blueprint to scale up textile-to-textile recycling (T2T) in Europe. It included an...

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American Vintage CEO on training, recruitment, and global expansion

Intensifying its presence and asserting its position to better face competition from ready-to-wear giants is the mantra of French fashion brand American Vintage, which is celebrating its 20th anniversary this year. This anniversary is marked by growth, an exception at a time when many brands in the sector are experiencing serious difficulties....

Business

9dcc to cease operations: Crypto fashion brand ends activities due to economic headwinds

Fashion label 9dcc, which combines physical clothing with NFTs on the Ethereum blockchain, is ceasing operations at the end of May. This was announced yesterday by founder Gmoney, an anonymous creator and collaborator in the NFT world, via the platform X (formerly Twitter). Since its launch in 2022, the brand gained recognition with ‘network...

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New investor found for La Perla: Production and jobs secured

The wait is over for La Perla. As the Italian Ministry of Enterprise and Made in Italy (Mimit) announced today, an industrial investor has been found for the Italian lingerie label. This investor is expected to secure production and jobs, leading the heritage brand into a new future. The new industrial player, along with the associated...

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Bloobloom secures three million pounds funding to bolster expansion

Bloobloom has announced the closing of a three million pound follow-on funding round which it said it would use to aid the roll out of European stores. The British eyewear brand also noted that it had its eyes on expanding its online presence in the US. The funding was led by Pembroke VCT, which had initially invested 2.5 million pounds into...

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BGF commits three billion pounds in investments for UK businesses

Barclays-founded BGF has outlined a three billion pound commitment to invest in high-potential UK businesses as it looks to scale support for growth in early-stage firms. Over the next five years, the firm, which has previously invested in fashion brands like Seasalt and Strathberry, wishes to back British businesses to help drive their success,...

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Slikk secures 10 million dollars to expand fast fashion delivery and Try & Buy model

Slikk, an online platform that delivers clothing and accessories within 60 minutes in Bengaluru (southern India), secured 10 million dollars in a series A round. Nexus Venture Partners led this round, with participation from Lightspeed. The founders announced this via the career platform LinkedIn. Slikk is using the investment to expand its...

Business

US tariffs drive deceptive spike in Swiss watch exports

Boosted by a surge in US demand, Swiss watch exports jumped by 18.2 percent in April 2025. However, this increase mainly masked the sector's deep concern about the new tariffs imposed by Washington. A cyclical surge linked to US trade policy The Swiss watch industry experienced a spectacular upturn in April 2025. According to data from the...