Latest articles in Business

Australian Fashion Council explores first local clothing smart factory

The Australian Fashion Council (AFC) has commissioned a feasibility study into establishing a clothing smart factory in New South Wales, with the longer-term aim of creating a scalable model for local garment manufacturing. The proposed facility would give Australian fashion brands access to small-scale, on-demand production and product...

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What the UK’s proposed under-16 social media ban could mean for fashion businesses

Earlier this year, the UK government revealed plans to prevent social media platforms from being accessible to people under 16. While the announcement sparked heightened debate, drawing both opposition and support, it aligns the UK with other countries considering similar restrictions on user-to-user platforms, including Australia, which...

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Mr Marvis secures investment and welcomes new shareholders

Dutch menswear brand Mr Marvis has received an investment from existing shareholders Amlon Capital and Capital A Investment Partners. Additionally, Christian Stahl, former partner at Apax Partners; Manny Chirico, former CEO of PVH Corp.; and Martijn Hagman, former CEO of Tommy Hilfiger and PVH Europe, are joining as shareholders. The company...

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Knitwear brand The Knotty Ones goes up for sale amid challenging market conditions

Premium knitwear brand The Knotty Ones has launched a sale of the business after a decline in consumer spending and challenges accessing investment capital impacted performance. The Lithuanian label has appointed Hilco to oversee the sale of the business and assets. The firm stated it could either operate as a standalone company or as a bolt-on...

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Activewear Group enters administration after 12 years in business

UK clothing and activewear retailer Activewear Group has entered administration, according to a filing published in The Gazette. Stuart Kelly and Claire Harsley of Mackay Goodwin were appointed joint administrators on July 8. The company, which was established in 2014, specialises in affordable activewear, workwear and uniforms, alongside...

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Aeffe: Bologna court authorises two million euro shareholder loan

The Court of Bologna has authorised Aeffe spa to take out an interest-free shareholder loan of 2 million euros (2.29 million dollars) with shareholders Colloportus srl and Fquattro srl, companies owned by Alberta and Massimo Ferretti based in San Giovanni in Marignano. Yesterday, in a statement, the company listed on the Euronext Milan market of...

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Burberry Q1: Strong performance in Americas and Greater China drives sales growth

British luxury brand Burberry Group plc (Burberry) has released its first quarter trading update for the 13 weeks ended June 27, 2026. The retail group achieved a 5 percent increase in retail revenue to 455 million pounds (613 million dollars), compared to 433 million pounds in the prior financial year period. Comparable retail sales grew by 5...

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Italy investigates Chanel, Bulgari and other luxury brands for exploitation of Chinese workers

Milan - Italian police searched the headquarters of eleven luxury brands on Thursday, including Chanel, Bulgari and Etro, suspected of using subcontractors who exploited Chinese workers in Italy. The other brands under investigation are Brunello Cucinelli, Moncler, Jacob Cohen Company, Owenscorp Italia, Goyard Italia, F.Vl, Stefano Ricci and...

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What the India-UK trade agreement means for the fashion industry

The India-UK Comprehensive Economic and Trade Agreement (CETA) officially entered into force on 15th July 2026, marking a landmark moment for the textile and garment sectors of both nations. By eliminating import duties of up to 12 percent on Indian apparel and home textiles, the agreement provides Indian exporters with immediate, duty-free...

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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...