Articles by Sylvana Lijbaart
Sylvana Lijbaart studied Journalism in Tilburg (Netherlands) and has worked as a journalist at FashionUnited since 2022. She operates as a multi-skilled member of the editorial team. She researches opportunities for constructive journalism and sends out breaking news newsletters at crucial moments. Sylvana gathers news from the high streets of the Netherlands and Belgium, interviews key figures in the industry, writes in-depth reports and delves into complex topics. She is a business-focused fashion journalist.
EU postpones retaliatory tariffs after US hits pause button
The European Commission is freezing its retaliatory tariffs against the US for 90 days. This is in response to a rollback by US President Donald Trump, who announced that certain recently introduced import duties would be postponed for 90 days. Trump paused the announced high import duties for goods from dozens of countries. During the 90...
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It's official: Prada acquires Versace for 1.25 billion euros
Italian fashion group Prada is officially the new owner of Versace. As the fashion world already predicted, Prada Group and Capri Holdings Limited have just announced that Versace has been acquired for 1.25 billion euros. Prada Group will take over 100 percent of Versace’s shares in a transaction financed by 1.5 billion euros of new debt...
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Bestseller’s Belgian journey: “Progress, innovation, and never settling for the status quo”
Bestseller celebrates its 50th anniversary this year and recently marked its 25th anniversary in Belgium. The Danish fashion group, with more than 20 brands in its portfolio, caters to every member of the family across various segments, boasts a strong presence in shopping streets, and continues to expand. Plenty of reason to take a look at...
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Decathlon Group achieves 16.2 billion dollars urnover in 2024
Decathlon Group realised revenue growth in fiscal year 2024. The French sporting goods retailer critically examined its expenditures that year, limiting the impact of cost inflation. Optimising operational costs remains a priority for the coming fiscal year to support long-term growth, according to the filed annual report. Decathlon operates in...
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Who is Hunkemöller's new owner, Redwood Capital Management?
After three years, Dutch lingerie retailer Hunkemöller is changing hands once again. Investment firm Redwood Capital Management is taking over ownership from Parcom and Opportunity Partners at a time when Hunkemöller is in the midst of a transformation program. Who is Redwood Capital Management, Hunkemöller's new owner? Redwood Capital...
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Forever 21 to close its US operations after filing for bankruptcy
Forever 21, once a dominant force in fast-fashion retail, is set to permanently close all of its US stores after filing for bankruptcy for the second time, Reuters reports. Forever 21 stores outside the United States are not involved in this case. The company’s US operations cited several factors behind the closure, including intense competition...
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Spinnova revises strategy after Suzano no longer wants to invest
Spinnova is going back to the drawing board to rethink its strategy after Suzano decided not to invest in the next phase of their partnership. The Brazilian wood pulp giant said this decision was based on a realignment of priorities and capital allocation, rather than a lack of confidence in Spinnova technology, according to its annual report....
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What do the European import tariffs on American products mean for the fashion industry?
Trade relations between the European Union and the US have become more complex since President Donald Trump re-launched import tariffs. In retaliation, on March 12, the EU launched its own import tariffs to protect European businesses, workers, and consumers from the consequences of unjustified trade restrictions. These so-called ‘retaliatory...
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EU imposes own import duties on US, textiles and leather goods become more expensive
The European Union (EU) has launched countermeasures to the import duties imposed by the US. The EU is introducing its own import duties to protect European companies, workers and consumers from the consequences of unjustified trade restrictions, the organisation announced in a memo. Import duties are requested for textiles and leather goods,...
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Marimekko's chief business development officer resigns
Finnish textile producer Marimekko will soon be without a chief business development officer (CBDO). Riika Wikberg, who holds the position, will leave the company on June 10, 2025, Marimekko announced in a short statement. Wikberg is exiting the company to transition to entrepreneurship, Marimekko said. The CBDO was also a member of the...
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