Latest Articles in News

CPHFW 20 years on: A deep dive into its enduring 'cool girl' image

Away from the glaring spotlights of Milan and Paris, global fashion weeks have been struggling to balance relevance, designer support, and audience stability. While some locations are introducing new strategies as part of concerted efforts to commercialise and democratise, others are rebuilding globalised frameworks after extended disruption. In...

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Business

Etsy to cut 12 percent of its workforce

Marketplace giant Etsy has announced plans to cut around 220 jobs, representing approximately 12 percent of its workforce, as the online marketplace looks to simplify its structure and accelerate growth. The layoffs were announced alongside the company’s second-quarter results, according to CNBC, with CEO Kruti Patel Goyal telling employees that...

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Business

Your clothes are shedding microfibres - and regulators are coming

Every time you wash a garment, it sheds hundreds of thousands of tiny fibres into the water system, most invisible to the naked eye. Multiply that by the 132 million tonnes of textiles produced globally each year, and the picture changes dramatically. Earth Action’s new report, From Shedding to Solutions, provides the first system-level...

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Business

H&M warns UK support staff of potential job cuts

Swedish fashion giant H&M has informed around 250 employees in its UK support offices about a proposed reorganisation and consultation process that could result in job losses, according to Retail Gazette. The retailer noted that the 250 figure refers to employees who received the communication and "does not represent the number of roles that may...

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Business

Under Armour navigates challenging consumer environment in Q1 2027

US sportswear brand Under Armour, Inc. (Under Armour) recorded net sales decrease of 3 percent to 1.10 billion dollars, or 4 percent on a constant currency basis for the first quarter of fiscal 2027 ended June 30, 2026. The group recorded net income of one million dollars, down from the prior-year period. On an adjusted basis, net income reached...

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Retail

Inditex “elevates” Massimo Dutti in Korea with its first high street store

Madrid – Inditex continues to strengthen its profile as a multinational group, this time focusing on gaining momentum in Asia. This is a strategic region for the Spanish company's interests. It has expanded its presence through Massimo Dutti, the group's premium fashion brand. The brand has not only just opened a new flagship store in Korea but...

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Birkenstock: LVMH heir Alexandre Arnault leaves board of directors

Footwear brand Birkenstock is set to reshuffle its board of directors. Alexandre Arnault, son of LVMH chairman and majority shareholder Bernard Arnault, has resigned from his position effective August 6, 2026, due to professional commitments. The company announced that a search for a replacement is already underway. The board of directors plans...

Fashion

Pieces from The Devil Wears Prada 2 to be auctioned off via Christie’s

Apparel and accessories from the film ‘The Devil Wears Prada 2’ are set to be auctioned off as part of a sale benefitting the Committee to Protect Journalists (CPJ) and the Council of Fashion Designers of America (CFDA). The online auction will be held by Christie’s from September 1 to 15, with a coinciding public exhibition of the items to be...

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Business

QVC Group emerges from bankruptcy with new leadership and five billion dollar debt reduction

QVC Group, Inc., the US parent company of TV and social shopping firm QVC, has emerged from bankruptcy after completing a financial restructuring that reduced debt by five billion dollars. In the announcement, the company said it has also gained access to a new 600 million dollar asset-based lending facility led by funds managed by Strategic...

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Business

Havaianas parent Alpargatas posts 11.3 percent net sales growth in second quarter

Brazilian footwear manufacturer Alpargatas SA (Alpargatas), the parent company of flip-flop label Havaianas, reported its financial results for the second quarter ended June 30, 2026. Consolidated net sales reached 1.23 billion Brazilian reals (0.24 billion dollars), representing an 11.3 percent increase compared to 1.10 billion Brazilian reals...

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Business

From CIO to COO to CEO: What New Look’s leadership change says about its new era

For much of the past two years, New Look has frequently appeared in headlines for the wrong reasons. It closed its Irish business, accelerated UK store closures, cut head office jobs, secured a 30 million pound cash injection to fund digital transformation and was reportedly exploring strategic options after unsolicited takeover approaches. Fast...

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Fashion |Interview

20 years of Marcel Ostertag: “The most creative collection is useless without business acumen”

Marcel Ostertag is celebrating his 20th anniversary as a fashion designer this year, drawing a line under one chapter. After almost a decade at Berlin Fashion Week, he will no longer be holding a runway show there. Instead, he kicked off his anniversary series in Munich and is already looking ahead to Paris, where he will present for the first...