Latest articles in Business

Former Amazon CEO Dave Clark's Auger raises 50 million dollars to advance supply chain AI

Supply chain software startup Auger, co-founded by former Amazon CEO worldwide consumer Dave Clark, has closed a $50 million Series B, pushing its total funding to $150 million. Eclipse led the round, joined by returning investor Oak HC/FT. “More and more enterprises are reaching the same conclusion: autonomy is their future. And almost no one...

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NIST develops new reference textile material to identify fibres

Researchers at the National Institute of Standards and Technology (NIST) have developed a candidate textile material that can be tested by laboratories to validate and improve methods for recognising and classifying textiles, which could potentially reduce manufacturers’ costs. Known as Research Grade Test Material (RGTM) 10279, the textiles for...

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UK government announces new support for small businesses

Chancellor of the Exchequer, Rachel Reeves, has announced that the UK government will “unlock billions in finance” for small businesses, marking one of the most significant reforms to support small and medium-sized enterprises (SMEs) in years. In a statement, HM Treasury said that 12,000 additional SMEs per year will receive support accessing...

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Strait of Hormuz: Washington says 'open', Tehran says 'closed'

"The Strait of Hormuz is a vital maritime corridor for world trade," stated the United States Central Command (CENTCOM) in a press release. The command stressed that "Iran does not control it" and that US forces remain deployed and prepared to "ensure that freedom of navigation continues to be available for commercial shipping." This is the...

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Business|CEO interview

Pas Normal Studios: ‘Cycling is and will remain our main focus’

Pas Normal Studios (French for ‘not normal’) is a Danish cycling brand focused on ambitious cyclists. With its minimalist design, it is currently one of the most sought-after brands in the segment. The brand is currently opening stores from Munich to Beijing and collaborating with established brands like the hyped outdoor brand Salomon. Its...

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Business|CEO interview

Drykorn CEO Marco Götz on new markets, relaxed tailoring and the new dual leadership

Financial crises, pandemics, geopolitical turmoil – for Marco Götz, a state of emergency is the norm. The Drykorn founder is correspondingly calm when looking back on a first half-year that saw the Kitzingen-based label suffer a significant loss in menswear due to the Wormland insolvency. In an interview with FashionUnited, Götz discusses...

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Loro Piana wins injunction against Parijan in White Sole "dupe" case

LVMH-owned luxury lifestyle brand Loro Piana has added yet another win to its ongoing efforts to defend its signature White Sole footwear range. In a preliminary ruling issued on May 12 but only recently made public, the Court of Turin ordered French e-tailer Parijan SAS to stop producing and selling footwear judged to be a copy or dupe of Loro...

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Business|Updated

China approves Shein's Hong Kong listing application

Fashion titan Shein has won approval from China's market watchdog for its initial public offering application in Hong Kong, the China Securities Regulatory Commission said in a statement on Friday. Shein's plan to sell up to 341.6 million shares and list on the Hong Kong stock exchange is approved, the CSRC said. Plans to list the company in New...

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Tom Tailor improves profitability in 2025 and extends financing

Tom Tailor improved its profitability and extended its financing in the 2025 financial year. The Hamburg-based clothing company achieved a turnover of 582 million euros in the period, just below the previous year's result, according to a statement released on Thursday. In 2024, the company generated revenue of 588 million euros. Adjusted...

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Business|In Depth

Inditex's AGM in detail: 10 growth pillars, Marta Ortega's role and shop assistants' intervention

Madrid – Looking beyond the institutional message with which a particularly presidential Marta Ortega opened Inditex's 2026 Annual General Meeting (AGM), we now delve into the significant issues raised before the Spanish group's investors. During the meeting, as was widely expected, all items on the agenda were approved in their entirety. The...

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Hugo Boss recommends rejecting Frasers Group's takeover bid

Fashion group Hugo Boss considers the takeover bid from major shareholder Frasers Group to be inadequate. “The offer price of 38.00 euros per share does not adequately reflect the standalone value and future value creation potential of Hugo Boss,” the company announced on Thursday. The offer has been subjected to an independent review process....

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Tesco reportedly mulling sale of Eastern European business

Tesco is believed to be considering a sale of its Eastern European business in a deal that would seemingly bring to an end the British supermarket giant’s efforts to establish a global brand. According to the Financial Times, the retailer is working with bankers to explore options for operations in Hungary, the Czech Republic and Slovakia, with...