Latest Articles in News

Study: Retailers scale back growth plans as global pressures mount

Global retailers are becoming more cautious in their approach to growth strategies amid intensifying economic and geopolitical pressures, according to new research from World Retail Congress (WRC), Incisiv and Manhattan Associates. The study, released at this year’s WRC, which kicked off yesterday in Berlin and will run until April 29, found...

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Do Zara and H&M generate 12 times more textile waste than Shein?

As the 2026 legislative debate centres on implementing decrees for the law against ultra-fast fashion, a field study challenges our assumptions. The primary burden on the circular economy does not currently stem from new digital players, but from legacy brands. The saturation of recycling channels is linked to this long-established production...

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Puig restructures its board and calls annual general meeting for May 29

Madrid – In a somewhat surprising move, Puig announced late on Monday evening the resignation of Josep Oliu, chairman of Banco Sabadell, from his position as a director on the company's board, which is chaired by Marc Puig. This news was framed within the announcement of Puig's upcoming Annual General Meeting, now scheduled for May 29. The...

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JD Sports chair exit linked to reported CEO tensions

Further details have emerged around the planned departure of Andy Higginson from JD Sports, with reports suggesting internal discussions over the future of CEO Régis Schultz. As previously announced, Higginson will step down at the retailer’s AGM on July 21. However, the Financial Times has reported that the chair had pushed for a change in...

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Sherri Hill alleges copyright infringement in new lawsuit against e-commerce platforms

Prom dress retailer Sherri Hill is taking action against various e-commerce platforms that it has accused of using copyrighted imagery and design elements without authorisation. Filed with the US District Court for the Southern District of New York, the case has been brought against Medon, Inc., SheIsMe, Inc., and related individuals and...

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Stefano Rosso is new president of Aura Blockchain Consortium

Stefano Rosso, chief executive officer of Marni and president of Maison Margiela (OTB Group), is the new president of Aura Blockchain Consortium. Rosso succeeds Lorenzo Bertelli, chief marketing officer and head of Csr of Prada Group, who has led Aura since its foundation. Aura Blockchain Consortium, the non-profit consortium founded in 2021 by...

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'Magnificent Seven' results: Why AI capex could disrupt fashion

This week, markets will scrutinise the results of tech leaders Amazon, Microsoft, Alphabet, Meta, Apple, Nvidia and Tesla. At the core of expectations is the need for proof. Their massive investments in artificial intelligence must finally begin to show tangible returns. Critical equation: billions versus uncertain revenues Hyperscalers have...

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Source Fashion refreshes advisory board reaffirming responsible sourcing focus

UK trade show Source Fashion has rejigged and expanded its advisory board as it continues to reaffirm its focus on responsible sourcing and circularity. The new appointments include Kirsty McGregor, journalist and former Vogue Business editor; Rosie Cripps, head of circularity at Vivobarefoot; Miranda Beckett, fashion project manager at the...

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Marks & Spencer menswear director joins UKFT board

British retailer Marks & Spencer (M&S) director of menswear, Mitch Hughes, has been appointed to the board of the UK Fashion & Textile Association (UKFT). Hughes, who currently leads the M&S Man division, brings nearly 30 years of experience within the UK fashion retail sector to the industry body. Hughes rejoined the London-based retailer M&S...

Retail|In Pictures

In Pictures: Amiri brings Hollywood to the UK with first regional store

Luxury brand Amiri has unveiled its first store in the UK, translating its Californian roots into a retail experience intended to recall the “on-set décor of films from the golden age of Hollywood”. Located on London’s New Bond Street, the flagship spans two floors across which collections for both men and women, including accessories and...

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Vinted's equity valuation hits 8 billion euros after 880 million euro secondary share deal

Lithuanian second-hand marketplace Vinted has completed a secondary share transaction of 880 million euros (1.030 million dollars). This latest move establishes an equity valuation of 8 billion euros for the consumer-to-consumer (C2C) platform. The transaction was led by Swedish investment firm EQT, British asset manager Schroders Capital, and...

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Chronic deficits and recapitalisations: The challenge of Richemont's 'Soft Luxury' division

Swiss leader Richemont, driven by the strength of its jewellery houses, is seeing the weaknesses of its fashion and accessories division intensify. Amid repeated capital injections and slowing growth, the group faces a structural profitability challenge. While the strength of Richemont's jewellery and watchmaking divisions is well-established,...