Latest articles in Business

Closer to home: How nearshoring is transforming apparel supply chains

Nearshoring in the garment industry has evolved from a defensive reaction and temporary safety net to shipping crises into a permanent, data-driven core strategy. With sweeping US tariff pressures in 2026 and stringent European eco-regulations like the Corporate Sustainability Reporting Directive (CSRD) and the Digital Product Passport (DPP),...

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IoDF rebrands as Patina to build ‘post-consumer purchase’ platform

Fashion tech company IoDF – or the Institute of Digital Fashion – is rebranding as Patina, marking what founders Leanne Elliott Young and Cat Taylor describe as a new chapter for the business after six years of developing technology for the fashion industry. The new London-based company will focus on “post-purchase commerce”, using Digital...

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US footwear brand G.H.Bass expands business in Germany

US heritage footwear brand G.H.Bass will celebrate its 150th anniversary in 2026. At the same time, the brand is looking back on 90 years of the Weejuns loafer. The anniversary coincides with a period of expansion, particularly in the German market. According to the company, sales in Germany increased by 99 percent year-over-year. Digital...

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Swedish jewellery brand Mockberg expands

Swedish jewellery brand Mockberg is expanding its international presence, with a strategic focus on the DACH region and the UK. Alisa Ernst has been appointed managing director for DACH & UK to steer this growth. She will be responsible for establishing and expanding the brand's presence in both markets. Ernst brings industry experience from her...

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Mothercare posts annual loss as Boots exit and Middle East geopolitical tensions weigh on turnover

UK-based specialist parenting and kidswear group Mothercare has reported its full-year financial results for the 52-week period ended March 28, 2026, recording a statutory loss after tax of 5 million pounds. The performance represents a decline from a statutory profit of 6.2 million pounds achieved in the prior financial year ended March 29,...

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Fila-owner Misto Holdings posts 16.6 percent revenue increase in Q2

South Korean apparel group Misto Holdings has reported its financial results for the second quarter of 2026, recording consolidated revenue of 1.4 trillion South Korean won (approximately 988 million dollars), representing a 16.6 percent increase year-over-year (YoY). Consolidated operating profit for the period rose 62.3 percent YoY to 295.2...

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Swarovski reports 6 percent organic growth in first half of 2026

Austrian jewellery and crystal specialist Swarovski has reported continued growth in the first half of 2026, with organic sales up 6 percent year-on-year and like-for-like growth reaching 8 percent. Jewellery remained the strongest-performing area of the business, seeing 11 percent organic growth as the brand continued to benefit from product...

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Asics EMEA revenue increases 32.9 percent in second quarter

Japanese sportswear brand Asics’ European division, Netherlands-based Asics EMEA, has reported its financial results for the second quarter of 2026, recording a revenue increase of 32.9 percent compared to the second quarter of 2025. Excluding Onitsuka Tiger, the performance was driven by profitable growth across all categories. The regional arm...

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Spinnova prepares for US IPO to fund fibre technology scale-up

Finnish materials technology company Spinnova is preparing for a potential US stock market debut, as it looks to raise at least 15 million dollars to support the commercialisation and scale-up of its wood-based textile fibre technology. The company has confidentially submitted a draft registration statement to the US SEC for a proposed initial...

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Shein loses UK copyright case against Temu

Chinese fast fashion giant Shein has lost a copyright battle against its rival Temu in a case centred on thousands of product photographs that Shein alleged had been used on Temu’s UK platform to promote copies of its own-brand clothing. At the start of the trial in May, Shein accused Temu of breaching its copyright “on an industrial scale” and...

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Björn Borg records highest H1 operating profit in company history despite sales dip

Swedish sports and fashion group Björn Borg AB (Björn Borg) has reported its interim financial results for the second quarter (Q2) and first six months ending June 30, 2026, delivering improved profitability and gross margin expansion despite top-line headwinds. H1 net profit rises by 30.9 percent First-half operating profit grew 30.9 percent to...

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"We are not running a race": CEO Dieter Holzer on Closed after insolvency

Closed has moved past its insolvency and is realigning, though without breaking from its past. The Hamburg-based denim label is focusing on continuity over a complete restart under the leadership of CEO and shareholder Dieter Holzer, who was CEO at Marc O’Polo until mid-2021. The brand's DNA remains intact. Simultaneously, Closed is developing a...