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Lululemon CEO Calvin McDonald to step down amid U.S. challenges

Lululemon Athletica simultaneously announced its third quarter fiscal 2025 financial results and a major leadership transition, confirming that Calvin McDonald plans to step down as chief executive officer and a member of the board of directors, effective January 31, 2026. The board has commenced a comprehensive search for a new CEO. The...

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Brunello Cucinelli raises growth forecast

Italian fashion house Brunello Cucinelli SpA has raised its revenue forecast for the current financial year 2025. According to an interim statement published on Wednesday, management now expects currency-adjusted growth of 11 to 12 percent. Previously, the knitwear specialist had forecast an increase of 10 percent at constant exchange rates....

Retail

Mango reaches 60 stores in the US with Chicago opening

Mango is accelerating its expansion and consolidation strategies in the US with the opening of its first store in the state of Illinois. The Spanish fashion multinational has entered a new region with the opening of a first store in the commercial and tourist heart of Chicago. This is the 60th store for the company founded by Isak Andic across...

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US Supreme Court urged to reject Vetements trademark appeal

A representative for the US government has urged the Supreme Court to decline Vetements’ attempt to register its name as a trademark in the region. In a newly filed petition, solicitor general John Sauer has backed an initial decision by the US Patent and Trademark Office (USPTO) in 2021 to deny the registration due to the generic nature of the...

Fashion

MAXXAM and Graduate Fashion Foundation launch second student design competition

MAXXAM has renewed its partnership with the Graduate Fashion Foundation (GFF) for the second edition of their national student design competition, following the strong response to last year’s inaugural programme. The 2025/26 competition invites fashion students from GFF member universities in the UK and abroad to create a womenswear S/S 2027...

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Report: Trade barriers are accelerating Chinese enterprise globalization

Efforts to reduce dependence on China are instead accelerating the global expansion of Chinese companies, according to the Global Supply Chain Report 2025 released by the HKUST Li & Fung Supply Chain Institute. The report finds Chinese firms are rapidly building production, R&D and logistics hubs across Asia, the Middle East, Europe and the...

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Tissa Fontaneda raises capital to fund international expansion

Madrid-based, Spanish leather goods brand Tissa Fontaneda is entering its 15th anniversary in 2026 with its first-ever external investor, as it looks to accelerate its international expansion in key markets, including the US and the Middle East. In a statement, Tissa Fontaneda, which has become known for its handcrafted ready-to-wear and...

Retail

Second-hand: The Row follows close behind Hermès and Goyard with 97 percent retention rate

Certain brands stand out as unshakeable pillars in the second-hand fashion market. Hermès immediately comes to mind, with handbags perceived as investments as profitable as prime property. However, this rapidly developing segment also holds surprises. The recent Clair Report, published by resale site Rebag, revealed the impressive performance of...

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Head of Farfetch owner Coupang resigns following data breach

The chief executive officer of South Korean tech giant Coupang has announced his resignation on the back of a data breach that was said to have compromised 33.7 million customers and resulted in the launch of class-action lawsuits. Park Dae-jun, who had joined the company in 2012 before taking up the helm in May 2025, said in a statement to the...

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Roots reports “strong” Q3 driven by positive consumer demand

Canadian premium outdoor-lifestyle brand Roots has reported sales were up 6.8 percent to 71.5 million Canadian dollars for its third quarter ended November 1, as direct-to-consumer momentum continues. The Q3 growth was driven by direct-to-consumer sales, from its retail stores and e-commerce sales, which were up 4.8 percent to 56.8 million...

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Prada partners with Indian corporations for Kolhapuri chappal project

In a significant collaboration aimed at celebrating and globalizing Indian craftsmanship, the luxury fashion house Prada has signed a Memorandum of Understanding (MoU) with two key state-owned Indian government corporations: LIDCOM (Sant Rohidas Leather Industries and Charmakar Development Corporation Ltd) and LIDKAR (Dr. Babu Jagjivan Ram...

Fashion

Taiwan International Student Design Competition celebrates 2025 winners

The 2025 Taiwan International Student Design Competition (TISDC) held its award ceremony this week, recognising 76 winning works selected from a record 16,329 submissions representing 1,029 schools across 73 countries and regions. Organised by Taiwan’s Ministry of Education and executed by National Taiwan University of Science and Technology...