Latest articles in Business

Can AI help the secondhand textile sector prove its value?

The secondhand textile sector has a wealth of operational records, but no easy way to turn them into a collective account of its contribution. That was the challenge Chris McLellan addressed in his presentation, “Closing the Data Gap: The Case for Data Collaboration in the Age of AI & EPR,” at the SMART 2026 Annual Convention in Montréal. In an...

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Modella Capital reportedly considers acquisition of Joseph

Modella Capital, the former owner of Claire's, is considering a potential acquisition of British fashion brand Joseph, according to The Times, as the investment firm explores another retail deal. The group, which owns TG Jones, is reportedly among parties considering the label. According to reports earlier this year, Joseph appointed PwC to...

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Poundland faces administration as owner rejects rescue bid

Poundland has filed a notice of intent to appoint administrators after its owner, Gordon Brothers, rejected an offer to buy the discount retailer as a going concern, putting around 12,000 jobs at risk, according to the Financial Times. While Martin Property Group had submitted a rescue proposal, the deal failed to move forward. The notice gives...

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ATG acquires Lowe Alpine brand IP ahead of UK and European relaunch

ATG Brands & Data Limited has acquired the intellectual property of outdoor equipment brand Lowe Alpine from Equip Outdoor Technologies, including its trademarks, logo and associated brand assets. The transaction is an intellectual property sale, with no stock, employees or premises transferring from the prior owner. ATG, a China-based apparel...

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Shein to pay 100 million dollars to settle US FTC probe

Shein has agreed to pay 100 million dollars to settle a US Federal Trade Commission (FTC) investigation into delivery delays and other customer complaints, Reuters reported, citing a source with direct knowledge of the matter. The settlement is equivalent to 44 percent of Shein’s second-quarter profit, according to Reuters. In a statement to the...

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The Very Group reports record earnings as Very UK revenue rises

The Very Group, which operates online retailers Very and Littlewoods, has reported record adjusted earnings for the 52 weeks to June 27, 2026, despite challenging market conditions. Adjusted EBITDA before securitisation interest increased 3.4 percent year-on-year to 317.5 million pounds, while the margin reached a record 15.2 percent. Group...

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Frasers makes 'best and final' offer for Accent takeover deal

British retail giant Frasers Group has declared its 0.65 Australian dollar-per-share takeover offer for Australian footwear retailer Accent Group “best and final”, confirming it will not increase its bid as the two companies continue their dispute over the proposed acquisition. Frasers is urging Accent shareholders to accept the unconditional...

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Hermès grows, Nike plummets: Interbrand ranking reveals fashion industry winners and losers

The latest “Best Global Brands” ranking from New York-based brand consultancy Interbrand reveals increasing polarisation in the international fashion market. While Hermès, Chanel, Zara and Uniqlo gain brand value, Nike, Gucci and Prada suffer significant losses. Notably, traditional brand strength alone no longer protects against decline. French...

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Fresh start at Jack Wolfskin: 'Product must come first'

After about 29 years, outdoor retailer Jack Wolfskin is relocating its headquarters from Idstein near Wiesbaden to Eschborn near Frankfurt am Main. However, the move is merely the outward sign of the profound transformation that the heritage German brand has undergone in recent years. Since its founding in 1981, the company has changed ownership...

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Former Fashionette GmbH files for insolvency shortly after sale by The Platform Group

BCR Online-Warenhandels GmbH (BCR), which operated the namesake luxury fashion online shop as Fashionette GmbH, has filed for insolvency. According to the official insolvency announcement, the Local Court of Offenbach am Main ordered the provisional administration of the company's assets on Wednesday. Lawyer Sebastian Netzel from the Frankfurt...

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Capri Holdings: Jimmy Choo grows as group raises full-year forecast

Capri Holdings generated revenue of 809 million dollars in the second quarter of the 2027 financial year, which ended on September 26. This represents a year-over-year (YoY) decline of 5.5 percent, while revenue fell by 4.9 percent on a constant currency basis. According to the company, around 20 million dollars is attributable to wholesale...

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Amazon posts 12 percent net sales growth as fashion selection expands

US e-commerce giant Amazon.com reported a 12 percent increase in net sales for the third quarter ended September 30, 2026, reaching 201.94 billion dollars compared with 180.17 billion dollars in the prior-year period. Excluding an unfavorable foreign exchange impact of 0.90 billion dollars, net sales expanded 13 percent year-over-year. The...