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From words to measurable impact: OECD due diligence forum urges transition

The main sessions of the 2026 OECD Forum on Due Diligence in the Garment and Footwear Sector, which took place on 11 and 12 February, centred on the urgent transition from a culture of compliance to one of tangible impact, specifically focusing on how global brands must navigate an increasingly volatile geopolitical landscape. In his opening...

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Opportunities for Italian luxury grow in India

The Indian market has room for Italian products, spanning from mechanics and luxury to cars and food, including wine and oil. “This is the new frontier for 'Made in Italy',” senator Adolfo Urso, minister for business and 'Made in Italy' (Mimit), emphasised yesterday. He was visiting the Italian pavilion at the AI Impact Summit in New Delhi,...

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Ssense founders secure buyout approval

The founders of Canadian luxury retailer Ssense have secured court approval for their buyout offer, blocking a deal by lenders pursuing a liquidation of the company. The Quebec Superior Court notified the company’s advisor, Ernst & Young, that the bid submitted by the founders – brothers Rami, Bassel and Firas Atallah – alongside their strategic...

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Longchamp awarded B Corp certification to further its CSR strategy

French luxury leather goods company Longchamp has been awarded B Corp certification, recognising the independent, family-owned business' long-standing commitment to responsible craftsmanship, governance and measurable impact. The B Corp certification showcases that a company has met high standards of social and environmental performance,...

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What do the election results mean for Bangladesh’s garment and textile sector?

Following the unprecedented unrest of late 2024 and the subsequent interim administration, Bangladesh voted last Thursday and declared results on Friday: The BNP-led alliance won 209 seats and the Jamaat-led bloc secured 68 in the 297 constituencies for which results were declared. For the ready-made garment (RMG) sector—the very heartbeat of...

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Walmart highlights fashion strength while navigating macroeconomic headwinds

The US-based retail giant Walmart concluded fiscal year 2026 with record annual revenue of 713.16 billion dollars, marking a 4.7 percent increase (5.1 percent in constant currency). Despite achieving standalone profitability in its e-commerce segment, management emphasized a balanced outlook for fiscal year 2027, factoring in significant...

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Moncler navigates market softness with slight FY2025 revenue growth

Italian fashion company Moncler Group posted a slight revenue increase for the 2025 financial year, driven by growth at its Moncler and Stone Island brands. However, profit fell short of the previous year's level. This was according to a business report published by the parent company, Moncler SpA, on Thursday evening. According to the report,...

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Madewell, Reformation and C&A partner with Fiber Club from Circ to accelerate use of recycled textiles

Lifestyle brand Madewell, Los Angeles-based fashion brand Reformation, and European retailer C&A are three of the newest brand partners to join the Fiber Club initiative from Circ, a US-based textile-to-textile recycler. The three new brand partners, together with fiber manufacturer Lenzing and Linz Textil, a European manufacturer of yarns,...

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New Balance achieves 9.2 billion dollars in annual sales

US sportswear giant New Balance achieved a notable feat for 2025, recording an annual global sales growth of 19 percent year-over-year, amounting to 9.2 billion dollars. The figures were shared in a business update by the company’s president and CEO, Joe Preston, who noted that this was New Balance’s fifth consecutive year of double-digit...

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Retail Insights Report 2025: The evolution of buying in fashion retail

Fashion retail has reached a structural inflection point as the industry shifts from intuition-based buying to data-first decision-making. According to the 'Retail Insights Report 2025' by US-based B2B platform NuORDER by Lightspeed, 68 percent of senior retail leaders now rely on quantitative data as their primary forecasting tool. The study,...

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Nonprofit Remake closes down after failing to secure sustainable funding

Remake, the nonprofit behind the #NoNewClothes and #WearYourValues campaigns, is shutting down after failing to secure the necessary funding to sustain its operations. Founder of the organisation, Ayesha Barenblat, announced the news on Instagram, stating that this decision made by Remake’s board was the “most responsible path forward” in the...

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Business|Interview

Career check: why the point-of-sale is the best school

What does a career look like in an industry that constantly has to reinvent itself? Industry expert Daniel Samy El Menshawi looks back on 15 years of experience balanced between tradition and transformation. After an apprenticeship in textile management and a degree in International Fashion Management, El Menshawi worked in sales for various...