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Corporate insolvencies in Western Europe reach record high

Berlin - The economic crisis is having serious, and for many, existential consequences for companies in Western Europe. According to the credit agency Creditreform, the number of corporate insolvencies rose last year to its highest level since records began in 2002. In 2025, a total of 197,610 insolvencies were recorded, an increase of 4.8...

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Elie Saab signs deal with Elisabet for girl's footwear

Marche-based company Elisabet has signed a licensing agreement with Elie Saab for the design, production and worldwide distribution of a girl's footwear line, debuting with the spring/summer 2027 collection. “This partnership reflects a clear strategic desire to develop and expand the childrenswear category, strengthening Elie Saab Kids as a...

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Le Coq Sportif exits Spanish market with 2.5 million euros in debt

French sportswear brand Le Coq Sportif has decided to close its Spanish operations after its subsidiary in the country filed for bankruptcy. According to Modaes, the Spanish company has liabilities of around 2.5 million euros (2.69 million dollars), which has led to the cessation of its direct activities in the market. The closure affects a...

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Amazon launches its own logistics service, competing with industry giants

Amazon announced on Monday the launch of a logistics service independent of its e-commerce platform, a move set to shake up the major players in the sector. Having initially relied on transport and delivery specialists, Amazon has gradually developed its own supply chain since the mid-2000s to better control its costs. Today, the Seattle-based...

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NN.07 reports continued “global momentum” in 2025

Copenhagen-based menswear brand NN.07 has reported a “strong” 2025, as the momentum it has built over the past years continues to show across all markets. In a statement, NN.07 said sales increased by 18 percent in 2025, compared to 2024, while adjusted EBITDA came in at 7 million euros, despite what it calls a “demanding cost environment” and...

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Hugo Boss: quarterly profit drops by more than half

The Metzingen-based fashion group Hugo Boss AG suffered significant declines in sales and profit in the first quarter of the 2026 financial year. Management attributed this to the challenging environment and the “targeted refocusing of brands and distribution channels” as part of its ongoing ‘Claim 5 Touchdown’ reform programme. The results,...

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Saks Global advances toward summer emergence after court approval

US luxury retail company Saks Global has received approval from the US Bankruptcy Court for the Southern District of Texas for the disclosure statement accompanying its plan of reorganization. This milestone allows the group to begin soliciting votes on the Plan and maintains its trajectory to emerge from chapter 11 this summer. The Plan is...

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Has luxury underestimated its customers' intelligence? An uncompromising analysis by Alessandro Maria Ferreri

After a period of post-pandemic euphoria driven by a thirst for 'revenge' spending, the luxury industry is now facing a reality check. Caught between price inflation disconnected from product value and a structural creativity crisis, high-fashion houses are at a crossroads. Alessandro Maria Ferreri, founder of The Style Gate and an engineer by...

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Luisa Via Roma: takeover process to be concluded swiftly

The dispute surrounding Luisa Via Roma may be reaching a turning point. A meeting held on Thursday in the Tuscany region to address the conflict at the Florentine fashion company concluded satisfactorily. New owners commit to taking on entire Luisa Via Roma workforce “The most important news is that representatives of the investors were at the...

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Outlook: Zalando expects growth at start of year

Online retailer Zalando is set to present its figures for the first quarter this Wednesday, May 6. What the company expects: Zalando has set its sights on increased revenue and profit for 2026, also leveraging Artificial Intelligence (AI). For the current year, management is targeting growth in Gross Merchandise Volume (GMV) and revenue of 12 to...

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Spanish menswear brand Williot grows by +25 per cent

The Spanish menswear brand Williot has closed the 2025 financial year with a turnover exceeding 2.5 million euros, representing a growth of +25 percent compared to the previous year. This progress confirms the consistency of a business model that has successfully scaled while maintaining its strategic focus on growth without sacrificing brand...

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GameStop proposes $56 billion takeover of eBay to rival Amazon

US video game retailer GameStop made a takeover bid on Sunday to buy eBay for about $55.5 billion in an attempt to turn the online marketplace into a competitor to e-commerce giant Amazon. Gamestop is offering $125 per share in a combination of stock and cash, a 46 percent premium over the average stock price since it began acquiring shares in...