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India's apparel retail market to reach 176 billion dollars by FY30

India’s apparel retail sector is poised for a massive transformation, with the market expected to reach 16 lakh crore (176 billion dollars) by FY30, according to a report by CareEdge Ratings. Driven by the rapid rise of e-commerce, a burgeoning "value fashion" segment, and deep penetration into Tier-2 and Tier-3 cities, the industry is...

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Scotch & Soda's return to the high street: 22 stores reopened in Europe as global rollout continues

Since the bankruptcy of its European retail division in 2024, high streets across the region have been without Scotch & Soda. Now, however, under the ownership of US investment company Bluestar Alliance, stores have already reopened across Europe. In conversation with FashionUnited, Sander Born, chief sales director at Scotch & Soda, shares...

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Saks Global: Millions owed to Chanel, Kering, LVMH, and more

Saks Global’s journey to eventual bankruptcy had been heavily speculated by industry insiders for months. Suspicions were then confirmed Wednesday, when the US retail giant officially filed for Chapter 11 protection in a Texas bankruptcy court, where documents have revealed the extent of financial challenges faced by the company. In its filing,...

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Richemont maintains strong momentum with 11 percent sales growth in third quarter

Swiss luxury group Richemont has reported a robust performance for its third quarter ended December 31, 2025, with sales reaching 6.40 billion euros (7.45 billion dollars). At constant exchange rates, revenue increased by 11 percent against demanding double-digit comparatives from the previous year, while growth at actual exchange rates stood at...

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