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Saks Global secures 500 million dollars financing to support restructuring

US luxury retailer Saks Global has entered into a Restructuring Support Agreement with an ad hoc group of senior secured bondholders, securing a commitment for 500 million dollars in exit financing as it prepares to emerge from Chapter 11. The agreement is a key step in the company’s broader restructuring process, with Saks continuing...

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Inditex rewards its top executives with 14.8 million euros in shares

Madrid – Following the guidelines set for the execution of its 2023 to 2027 Long-Term Incentive Plan, the Spanish fashion multinational Inditex group has distributed 14.8 million euros (17.06 million dollars) in shares among its top executives. The company has included Carlos Torretta, husband of its executive chairwoman Marta Ortega Pérez, in...

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Fashion |Interview

A Century of Britishness: How Daniel Kearns is modernising Kent&Curwen

British heritage brand Kent&Curwen, established in 1926, has come a long way from creating ties for Oxford and Cambridge universities and inventing the first cricket jumper, to become synonymous with collegiate and sporting styles, blending British tradition with a "rebellious spirit” under the creative leadership of Daniel Kearns. 2026 marks...

Retail

Fabletics opens shop-in-shop in Berlin's KaDeWe

US activewear brand Fabletics is further expanding its presence in Germany. On Thursday, the company announced a “groundbreaking partnership” with the Berlin luxury department store KaDeWe. The brand will now open its own shop-in-shop space on the fourth floor. The opening, planned for the spring, holds special significance for the sportswear...

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Shares in focus: Adidas and Puma defy Nike's influence amid supportive market environment

On Wednesday, shares in Adidas and Puma defied the disappointing outlook from US competitor Nike. While Nike's stock slumped by 10.5 percent to 47.25 dollars in pre-market US trading, the shares of the two German sportswear manufacturers recovered in a very strong overall market. In the Dax, however, Adidas shares rose by a below-average 0.6...

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AllSaints to streamline buying and merchandising with Impact Analytics

British fashion retailer AllSaints has partnered with Impact Analytics, an AI-native solution for retail decision-making, pricing, merchandising, and inventory optimisation, to modernise and scale its buying and merchandising operations to streamline its business processes. In a statement, AllSaints said it has selected Impact Analytics to adopt...

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Textile Exchange publishes policies ahead of Materials Matter Standard launch

Textile Exchange has released a comprehensive set of policies providing guidance for certification holders defining the steps required as they move from the organisation's existing standards to its it new Materials Matter Standard. The Transition Policy outlines the actions organisations must take to align with the new standard. The Scope and...

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Switzerland's Sulzer joins Spinnova to advance circular fibre production

Sulzer, a Swiss industrial engineering and manufacturing company, has officially joined Spinnova’s ecosystem to support the availability of the firm's fibre in the textile market. The collaboration expands on Sulzer’s role in Spinnova’s technology development and strengthens the consortium with advanced engineering expertise. Suzler is a major...

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Classic brands, new icons: PVH leverages pop culture for Tommy Hilfiger and Calvin Klein

At US fashion group PVH Corporation (PVH), the strategic priorities are clear. The company is focusing entirely on strengthening its two heritage brands, Tommy Hilfiger and Calvin Klein. Collaborations with prominent figures from the music and cultural sectors play a key role in this strategy. Recently, prestigious partnerships in professional...

Fashion

BFC partners with Barbour on new fashion scholarship

The British Fashion Council (BFC), which recently placed educational initiatives at the heart of its four-year strategic roadmap, has announced a new partnership with British heritage brand Barbour to launch an annual fashion design scholarship. Launching under the BFC Foundation, the BFC x Barbour scholarship will provide funding and mentoring...

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One year of 'Liberation Day': where Trump's tariff plans stand today

When Donald Trump issued an invitation to the White House Rose Garden exactly one year ago, it was already clear to many that something significant was coming. The topic was to be tariffs, “unfair trade” and the American economy. The US president celebrated it as “Liberation Day”. In Germany, the EU and other parts of the world, however, his...

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Esprit reduces annual loss following restructuring

Apparel provider Esprit presented its financial results for the first fiscal year following its major restructuring on Monday. After divesting the majority of its operational business, the parent company, Esprit Holdings Ltd., is now focusing entirely on a licensing model for the once-popular brand. Consequently, losses were significantly lower...