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Marquee Brands signs agreement with Damac Group to acquire majority stake in Roberto Cavalli

Marquee Brands has announced a definitive agreement to acquire a majority stake in Roberto Cavalli, through a strategic partnership with the Dubai-based Damac Group. Closing of the transaction is expected in the second quarter of 2026 The transaction is expected to close in the second quarter of 2026, after which Damac Group will “remain a...

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Urban Outfitters records Q1 net sales of 1.48 billion dollars

US lifestyle products and services company Urban Outfitters, Inc. has announced that the total company net sales for the period increased 11.4 percent to 1.48 billion dollars. Net income reached a record 115.7 million dollars, with earnings per diluted share standing at 1.30 dollars. Total retail segment net sales increased 8 percent, with...

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TJX reports strong Q1 results exceeding expectations

Off-price apparel and home fashions retailer the TJX Companies (TJX), which is based in the US, has announced financial results for the first quarter of fiscal year 2027 ended May 2, 2026, delivering growth that exceeded internal plans. The corporate group reported a 9 percent increase in net sales to 14.32 billion dollars in the first quarter...

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Pepco Group's H1 results: revenue up 5 percent, profit after tax jumps 52.3 percent

Pepco Group N.V., which is based in the Netherlands, has reported its unaudited interim results for the six-month period ended March 31, 2026, revealing substantial profit growth and an expansion of its retail footprint. The pan-European variety discount retailer delivered revenue of 2.47 billion euros (2.87 billion dollars), representing a...

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Targeted turnaround: Saucony's EMEA VP on leveraging heritage for modern growth

Europe is currently experiencing a significant and enduring surge in running, fueled by factors like the post-pandemic focus on health, the emergence of Gen Z, and the increasing popularity of social run clubs. This robust trend offers an opportunity for brands with a heritage rooted in running. However, to harness this resurgence in a...

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How AI can support fashion companies

The modern fashion industry operates under constant strain, where traditional forecasting models frequently clash with unpredictable market realities. Siloed workflows, fragmented planning systems and a heavy reliance on manual processes mean that crucial information is often trapped in disconnected spreadsheets, tech packs and erratic...

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Pronovias enters administration for its sale to Cap Capital

Madrid – The pre-arranged steps for the swift acquisition of Pronovias by Cap Capital continue to be strictly followed. The leading global company in the bridal fashion sector has now been placed into administration. This is part of the “pre-pack” administration process that will conclude with its sale to the British investment group. According...

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VF Corporation returns to revenue growth in fiscal year 2026

The US-based apparel company VF Corporation reported financial results for its fourth quarter ended March 28, 2026, marking a return to full-year revenue growth alongside expanded margins and reduced debt. The company's board of directors authorized a quarterly per share dividend of 0.09 dollars, payable on June 18, 2026, to shareholders of...

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DSSLR, founded by Puma founder's grandson, initiates insolvency proceedings

DSSLR GmbH, the company founded by Christoph Dassler, has filed for insolvency. Preliminary insolvency proceedings were initiated last week for the Herzogenaurach-based sportswear brand. The responsible Nuremberg District Court announced the proceedings. Jochen Zaremba, a lawyer from the Nuremberg-based restructuring firm Schwartz, has been...

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Licensed merchandise reports continued growth in 2025

Global sales of licensed merchandise and services increased by 5.45 percent in 2025 to reach 389.8 billion US dollars, outpacing the broader global retail market, which grew nominally by 4.52 percent, according to a new report from Licensing International, the trade organisation for the global licensing industry. The ‘2026 Global Licensing...

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Giambattista Valli regains control of his fashion house

Italian designer Giambattista Valli is regaining full control of his Parisian fashion house. According to reports from WWD, an agreement has been reached to buy back all shares held by Artémis, the investment holding company of the Pinault family. This transaction marks the end of a multi-year financial collaboration and signals the return to...

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Vox Populi and Shein create a scholarship for fashion students from modest backgrounds

The association Vox Populi and ultra-fast fashion brand Shein are partnering to create 'Future Fashion Talents', a scholarship designed to help young French people in precarious financial situations fund their studies at fashion schools. After launching Pop’Skills, a fashion programme for young people from disadvantaged neighbourhoods, the...