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Egypt and China to develop decarbonised textile city, signalling industrial shift in North Africa

Egypt has announced the development of a fully carbon-neutral industrial textile city in the Port Said governorate, in partnership with Chinese developer Cloud Chain. According to the Egyptian State Information Service, the project is the first of its kind in the MENA (Middle East and North Africa) region and aims to position the country as a...

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Alo Yoga debuts in France with store openings in the Côte d'Azur

The American brand Alo, positioned in the premium sportswear and “wellness lifestyle” segment, is accelerating its European expansion. It is opening its first boutiques in France and launching a series of immersive experiences on the Côte d'Azur. This strategy illustrates the growing convergence between retail, hospitality and brand experiences...

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JD.com eyes The Very Group acquisition for UK expansion, Sky News reports

Chinese e-commerce company JD.com is evaluating a potential 2 billion pound, or 2.70 billion dollars, acquisition of the British online retail platform The Very Group, according to a report by Sky News on May 22, 2026. The move marks the latest initiative by the Beijing-based firm to expand its footprint within the UK digital commerce sector....

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Shein confirms acquisition of majority stake in Everlane

Speculation over Shein's reported acquisition of a majority stake in American clothing brand Everlane has seemingly been confirmed. According to an internal email seen by Vogue Business from Everlane to its employees, it appears the deal is going ahead, corroborating reports of the acquisition that began circulating earlier this month. Shein is...

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AI styling platform Vêtir raises 5.5 million dollars in Series A funding

Vêtir has secured 5.5 million dollars in a first close of its Series A funding round, giving the business a valuation of 150 million dollars as it expands its AI-powered wardrobe and styling platform. The round was backed by investors including Laidlaw & Company, alongside luxury-focused family offices and strategic partners. Former Mytheresa...

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Puig shares plummet after Estée Lauder negotiations end

Madrid – The market's response to the announcement of the unsuccessful end to negotiations between Puig and The Estée Lauder Companies regarding a potential merger of their businesses has been swift. It has come in the form of a severe penalty for the Spanish company. The group's shares opened Friday's trading session, May 22, 2026, by...

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ANDAM Innovation Award 2026: Alphalyr illustrates the rise of AI in the fashion value chain

Alphalyr, an AI platform for supply, retail and e-commerce data analysis, is the winner of the ANDAM Innovation Award 2026. The company will receive a grant of 100,000 euros. Pili, which develops bio-based dyes intended to replace petrochemical alternatives, has received the special jury prize. This 2026 edition shows that fashion innovation is...

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H&M: why the Persson family is buying back its own shares on a massive scale

H&M's founding family is continuing to purchase shares in the Swedish group. Its holding company, Ramsbury Invest, has acquired almost 39 million euros worth of additional shares. This is part of a series of regular transactions over several months, as the stock has underperformed since the start of the year. This methodical signal is being...

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First DPP-ready textile library goes live

Brands and retailers that are currently preparing for the EU’s Digital Product Passport (DPP) regulation can start by sourcing verified, compliance-ready textiles directly from a structured, supplier-level data library, which went live on 21st May. The library is the brainchild of World Collective who connects brands with next-generation...

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Vinted: purchasing power, resale and climate at the heart of 2025 impact report

Vinted's 2025 impact report aims to demonstrate that second-hand fashion has become a lever for consumer purchasing power, a tool for economic circularity and a means of reducing fashion's environmental impact. According to Vinted, one of Europe's leading second-hand fashion platforms, users saved 21.6 billion euros (25.07 billion dollars) on...

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Quiz administrators confirm phased store closures as three locations shutter

Administrators for Quiz have confirmed further details of a phased closure plan for the company’s retail network, with all stores now expected to shutter by the end of June 2026. Locations in Castlecourt, Leeds and Romford have already closed, while the remaining 37 sites remain in operation. Interpath, who was appointed to oversee the process...

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Richemont achieves 22.4 billion euros in sales amidst geopolitical shifts

Compagnie Financière Richemont, the Swiss luxury goods group, delivered a solid performance for the financial year ended March 31, 2026, navigating fast-evolving geopolitical and macroeconomic conditions. Group sales reached 22.42 billion euros (26.04 billion dollars), representing an increase of 11 percent at constant exchange rates and 5...