Latest articles in Business

Richemont finalises sale of Baume & Mercier to Damiani Group

On Wednesday, luxury group Richemont, parent company of Cartier, announced it has finalised the sale of watchmaker Baume & Mercier to the Italian Damiani Group. The initial agreement for this private transaction was made public on January 22, 2026. It involves the acquisition of 100 percent of the Swiss brand's shares, with all prerequisite...

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Kappahl acquires majority stake in Swedish secondhand retailer Arkivet

Nordic retail giant Kappahl Group has acquired a majority stake in Arkivet Second Hand, reflecting a strategic move to strengthen its position in circular fashion and expand resale capabilities. Arkivet, known as Sweden’s leading secondhand retail chain, will continue to operate its 'Modern Second Hand' concept, which combines curated pre-owned...

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Asos sells Atlanta fulfilment centre for 48 million pounds

Fashion e-tail giant Asos has completed the disposal of its Atlanta fulfilment centre, in a transaction that forms part of its ongoing programme to sell non-core assets and simplify its logistics footprint. The lease for the US site has been assigned to a global consumer brand, while the associated automation assets have been acquired by a...

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Online sales in France hit new record with 7 percent growth in 2025

Paris - For the seventh consecutive year, online sales set a new record in 2025. Sales were up by 7 percent, with French consumers spending almost 200 billion euros online, the Fédération du e-commerce et de la vente à distance (Fevad) announced on Wednesday. E-commerce is “firmly established in the daily lives of French people,” Marc Lolivier,...

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Following Vaayu acquisition, Carbonfact launches open-source LCA database

Environmental intelligence platform Carbonfact has released a free, open-source database featuring detailed environmental impact data for textile manufacturing, arriving shortly after the company's acquisition of fellow fashion sustainability platform Vaayu in May. The database contains 300 Life Cycle Inventory (LCI) datasets covering core...

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Reju opens first R&D centre in North America

Textile-to-textile materials regeneration company Reju announced today the opening of its first research and development (R&D) centre in North America. Its establishment means the company is a step closer to building a closed-loop recycling ecosystem that converts discarded fabric and textiles into quality products. The new facility is located...

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Frasers sells Sports Direct Malaysia to partner MAP Active

British retail conglomerate Frasers Group has agreed to sell 100 percent of its interest in Sports Direct Malaysia to strategic partner MAP Active (PT MAP Aktif Adiperkasa Tbk) for 150 million US dollars. Following the sale, Frasers will enter into a long-term deal under which MAP Active will “further grow and develop Sports Direct in Malaysia,...

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Accent Group urges shareholders to reject Frasers’ "opportunistic" takeover bid

Australia’s Accent Group has called on shareholders to reject a takeover bid submitted by Frasers Group. An independent committee established by Accent found that the timing of the deal was “opportunistic”, having come amid weak retail conditions and prior to potential benefits accumulated through ongoing growth initiatives. In a filing, Accent...

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Authentic partners with One Jeanswear Group for Lee

Authentic Brands Group (Authentic), the global brand development, marketing and entertainment platform, has signed a long-term partnership with One Jeanswear Group (OJG), a wholly owned subsidiary of Premier Brands Group Holdings, to drive growth and market position for Lee in the US and Canada. The partnership will take effect following the...

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AB Foods: Primark hit by weak consumer sentiment

Value fashion chain Primark, which is set to be spun off, has recorded a decline in sales in its third quarter. Like-for-like sales fell by 2.2 percent in the three months to June 20, parent company AB Foods announced on Wednesday. Primark was affected by the challenging consumer environment. The British conglomerate, which also operates in the...

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Safilo Group completes acquisition of Spy+ and Serengeti from Bollé Brands

Safilo Group (Safilo) has announced the completion of its acquisition of Spy+ and Serengeti from Bollé Brands. This follows the signing of the agreement on May 11 and the fulfilment of all customary closing conditions. The consideration for the transaction amounts to 24.6 million dollars. It was financed through the group's available financial...

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Camper acquires Greek footwear brand Ancient Greek Sandals

Madrid – The Majorcan group Camper, parent company of footwear and lifestyle brands Camper and Camperlab, has just announced the acquisition of a majority stake in the Greek footwear brand Ancient Greek Sandals. Following the transaction, it has been specified that the Athens-based brand will continue to operate as an independent company under...