Home

News

Business

Latest articles in Business

Bad Bunny and Zara dethrone Rihanna to become artist with greatest impact in Super Bowl history

There is currently no space, physical or virtual, worldwide where the historic performance of Puerto Rican singer Bad Bunny during the 2026 Super Bowl halftime show is not being discussed. What might seem like a personal impression is, in fact, a confirmed reality. The initial economic analyses of the singer's performance last Sunday at Levi's...

Member

Business

Francesca’s: The journey to a second bankruptcy for the US mall-based retail chain

US retail chain Francesca’s has filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the District of New Jersey. The news comes after media reports speculated that the company was already in the process of liquidating its inventory and was planning to close stores. At the time, it was suggested that Francesca’s was also...

Member

Business

LuxExperience: Mytheresa remains growth engine

LuxExperience, the parent company of German luxury retailer Mytheresa, has reported strong sales growth for the second quarter of 2025/26 and confirmed that the integration of the Yoox Net-A-Porter (YNAP) platforms remains on schedule. During the three months ending December 31, 2025, the Mytheresa segment generated revenue of 242.70 million...

Member

Business

Asics eyes India growth as consumers prioritise healthy lifestyles

The head of Asics’ India business has said the company expects significant growth in the region as a wider number of affluent consumers increasingly prioritise healthier lifestyles. Speaking to Bloomberg, Rajat Khurana, the managing director of Asics India Pvt, said he is aiming for the Japanese shoemaker to become the number one player in...

Member

Business

Dr. Martens reportedly expecting redundancies amid EMEA restructuring

Footwear specialist Dr. Martens is believed to be preparing to cut some roles linked to its Europe, Middle East and Africa (EMEA) business, which is currently undergoing a restructuring. According to Drapers, the company is believed to be reorganising teams at a regional level, with some positions due to move to central group functions, while...

Member

Business

Putting priorities back into production

How can garment manufacturers enable environmental transformation? And how can they do this in a nationally coordinated, structured and country-specific way? This is why the manufacturer-led ATTI platform (Apparel and Textile Transformation Initiative) was conceived a couple of years ago and officially established as an organisation in 2025. Its...

FeaturedMember

Business

Kering 2025: moment of truth for François-Henri Pinault's powerhouse

The luxury sector is no longer smooth sailing, and Kering (Kering) has become its most sensitive barometer. With a 13 percent decline in turnover, compressed profitability, and Gucci still undergoing reconstruction, the French group concludes a 2025 financial year that management describes as transitional. Investors, however, see it primarily as...

Member

Business

Converse initiates restructuring and layoffs amid slumping sales

Employees at Converse have been instructed to work from home as the Nike Inc. brand begins a restructuring process that includes job cuts. According to a Bloomberg report, the reorganization will involve the creation of new roles and team reassignments for remaining staff. In a memo viewed by Bloomberg News, Converse chief executive officer...

FeaturedMember

Business

UK high street administration wave: The 5 retailers facing early 2026 setback

The UK high street has faced an early setback in the new year, with five major retailers already entering administration. Each company cited their respective collapses to rising business costs and cautious consumer spending. It comes despite more positive projections for the year ahead by industry analysts. According to a report by Knight Frank,...

FeaturedMember

Business

Eddie Bauer North American retail division enters Chapter 11 for liquidation or sale

Bellevue-based outdoor retailer Eddie Bauer has initiated voluntary Chapter 11 bankruptcy proceedings in the US Bankruptcy Court for the District of New Jersey. The filing is specifically limited to the company's North American brick and mortar operations, which include retail and outlet stores across the US and Canada. The company has entered...

Member

Business

Freemans.com reports continued Christmas growth

British digital department store Freemans.com has reported strong Christmas trading in 2025, defying a wider retail slump in the UK, as sales rose across home and fashion, as well as significant customer growth. For the four weeks to Christmas 2025, Freemans reports that sales rose 12 percent, boosted by the launch of its first online-only...

Member

Business

Turnbull & Asser reports widening loss amid restructuring and investment

London-based luxury shirtmaker Turnbull & Asse has reported a widening loss for the financial year ended January 25, 2025, as the company undertakes a significant internal restructuring and investment program. According to the latest filings, the heritage brand posted a loss after taxation of 1.73 million pounds (2.35 million dollars), compared...