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Frasers Group acquires Harvey Nichols: What this means for the luxury retailer

Frasers Group, the British retail giant owned by Mike Ashley, has confirmed its acquisition of luxury department store Harvey Nichols following weeks of rumours surrounding the potential deal. The transaction includes the retailer’s six stores, including its locations in Manchester, Birmingham, Bristol, Leeds, Edinburgh, and its newly furnished...

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Coach performance propels Tapestry to double-digit annual sales and profit growth

US luxury group Tapestry, Inc. (Tapestry), the parent company of Coach and Kate Spade New York achieved double-digit top- and bottom-line growth across fourth quarter and full year. The performance for the period ending June 27, 2026, was driven by strong handbag demand at flagship brand Coach and international expansion across Asia and Europe....

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Textile trade dispute: Can China really refute 'overcapacity' accusation?

In an unprecedented document published at the end of July, China directly contests Western accusations of industrial 'overcapacity'. While the text primarily targets electric vehicles, batteries and advanced technologies, its reasoning also applies to the textile industry. Beijing rejects the idea that a trade surplus or high production capacity...

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Vestiaire Collective: New management, returning to growth, AI and a culture of 'delivery'

Four months after their appointment, Thomas Hézard, chief product officer, and Rémi Bouchez, chief technology officer, met with FashionUnited to detail the initial changes made at Vestiaire Collective. Fewer projects running in parallel; more decisions left to the teams; targeted use of artificial intelligence; and lower fees. Behind these...

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