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Scoop's Fireside Chats: Fenwick buyer Melanie Westwood discusses modern retail challenges

Scoop rounded up its February 2026 edition this week, hailing solid attendance from buyers and a sense of optimism from exhibitors. This season saw the introduction of a new Fireside Chats programme, which saw Scoop director Karen Radley host a series of talks with buyers to address the reality of business in the present day. One of these talks...

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Business

Spinnova losses deepen in 2025, revenue drops 54 percent

Finnish textile technology company Spinnova Plc experienced a decline in revenue and higher losses in the 2025 financial year. The results were revealed in a business report published on Thursday. Revenue for the past year amounted to 344,000 euros (408,890 dollars). This represents a 54 percent decrease compared to 2024. The operating loss...

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Fashion |Interview

US retailer Svrn: "I have no idea where we will be next season, even as a country“

Berlin Fashion Week is not only captivating audiences with an international schedule, but is also attracting an increasing number of international media representatives and buyers. They travel from across the globe, ranging from the UK and the US to Korea and Japan, to discover German talent. Following the hectic start to the year in Florence,...

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Johnnie-O Names promotes Matt Ferrer to president

American premium lifestyle brand Johnnie-O has promoted Matt Ferrer to the role of president to oversee the commercial side of the business. Ferrer, who has been with the lifestyle brand for more than 10 years, began his career as business development manager and progressed through roles, including director of business development, vice...

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Hermès reports 1.72 percent net profit decrease due to exceptional surtax

French luxury group Hermès announced on Thursday, February 12, 2026, a 1.72 percent decrease in its net profit for 2025, which fell to 4.5 billion euros (5.35 billion dollars). This decline was attributed to an exceptional surtax imposed on large companies by the French government to restore public finances. Excluding this exceptional...

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EssilorLuxottica FY25 profit down, revenues rise; sees growth ahead

French ophthalmic company EssilorLuxottica reported Thursday weak profit in fiscal 2025, while revenues were benefited by imporved performance in all regions. Looking ahead, the company expects over the next five years, on average, a solid growth of its total revenue and a broadly aligned growth of the adjusted operating profit at constant...

Fashion

Geneva opera house selling off thousands of extravagant costumes

Sandra Delpierre's fingers linger on a long blue and white fur coat and graze a pair of angel wings as she winds past thousands of colourful costumes used in opera performances. "There are some real treasures to be found," the head of costume workshops at Geneva's Grand Theatre told AFP. At a time when Bridgerton-style costume parties are all...

Fashion

Data fears and tech resentment greet AI wearable's Europe launch

Newly landed in Europe after a stormy reception in America, startup Friend's chatbot-powered, always-listening pendants are stirring concerns over compliance with tough EU data rules as well as anti-AI resentment. Many metro stations in Paris have in recent weeks been plastered with Friend's ads, picturing the round white device with promises...

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Marimekko's 2025 financial results: sales up, net profit unchanged

Finnish textile group Marimekko Corporation (Marimekko) has concluded the 2025 financial year with a further increase in sales. However, profit stagnated compared to the previous year. This was revealed in a recent business report published by the company on Thursday, February 12, 2026. According to the report, sales last year reached 189.6...

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The Epstein files: Hermès CEO clarifies 2013 encounter and subsequent rejections

Paris, France - The chief executive officer of French luxury group Hermès, Axel Dumas, stated on Thursday that Jeffrey Epstein had pushed to meet him in 2013. Epstein went as far as inviting himself to a tour of one of the company's workshops in the Paris region. "I had only one contact with Jeffrey Epstein, which was in March 2013 during a...

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RSWM achieves margin expansion despite revenue decline in Q3

Indian textile manufacturer RSWM has announced its financial results for the third quarter and nine months of the 2025/26 financial year. The company reported a revenue of 10.93 billion rupees for the quarter ending December 31, 2025, a decrease of 5 percent. Management attributed this decline to softer demand conditions and uneven global...

Retail

Eddie Bauer shifts to digital-first strategy amidst retail bankruptcy filing

Iconic American outdoor brand Eddie Bauer has entered a transformative period characterized by a strategic bifurcation of its business model. While the brand’s intellectual property (IP) owner, Authentic Brands Group (Authentic), accelerates a high-performance digital and wholesale strategy, the company’s North American retail operator has filed...