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Dsquared2 launches restructuring, lays off 40 employees

Dsquared2 is initiating collective redundancy proceedings. The company announced this in a statement released today. The Dsquared2 Group is launching a strategic reorganisation across all its global offices, affecting approximately 40 roles. Collective redundancy procedure initiated in Milan "In Milan, this process will follow a collective...

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Ace & Tate posts first half year operating profit

Ace & Tate has reported its first profitable half-year, the company announced in a press release. The Dutch eyewear brand's turnover grew by more than 14 percent in the first half of 2025, while optical sales increased by 16 percent. According to Ace & Tate, this is the result of a new growth and brand strategy, which includes changes to the...

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Berlin-based start-up Reverse.fashion secures H&M as an investor

The Berlin-based start-up Reverse.fashion GmbH has secured notable investors. The company announced on Friday that the Swedish clothing group Hennes & Mauritz participated in a pre-seed funding round led by the Berlin-based investment firm Kisora. The start-up, founded in 2024, develops automated sorting processes for used textiles to eliminate...

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Amazon's cloud services hit by global outage

A global outage hit Amazon's cloud services on Monday, the subsidiary of the US tech giant said, disrupting many websites and services including Amazon Prime, Perplexity, Fortnite, Alexa, Snapchat and Duolingo. Messages on the maintenance site for Amazon Web Services (AWS) confirmed "increased error rates" for multiple services and said its...

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Kering shares jump on sale of beauty division to L'Oreal

The share price of Kering, the French luxury group that owns Gucci and other brands, jumped sharply Monday after it announced the $4.6 billion sale of its beauty products division to L'Oreal. Its shares soared more than five percent at the opening of Paris trading, following its announcement Sunday of the deal that would also give L'Oreal...

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Kering sells its beauty division to L'Oréal to boost recovery

French luxury group Kering, which has been struggling for several years, is selling its beauty division to fellow French company L'Oréal for four billion euros. This move is expected to help reduce its debt and continue its recovery. The news was first reported on Saturday by the Wall Street Journal. Kering is selling its beauty division,...

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Loop Industries reports progress on global expansion, reduces Q2 loss

Loop Industries, a clean technology company focused on accelerating a circular economy for polyester, reported its consolidated financial results for the second quarter of fiscal year 2026, highlighting significant progress on its global expansion projects. Loop's financial results for the quarter reflect focused cost management, with cash...

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Kingpins 2025: How trade conflicts and inflation are affecting the denim industry

In October, the SugarFactory event hall in Amsterdam, the Netherlands, traditionally turns indigo blue. Denim professionals and enthusiasts gather there for Kingpins, the leading denim trade show where new innovations and trends are presented. During the October edition, amidst the enthusiasm, there was also a sense of concern. How severely are...

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Shoppers Stop reports improved Q2 FY26 financial results

Shoppers Stop Ltd., a leading Indian department store, has announced its financial results for the second quarter of fiscal year 2026 (Q2 FY26), demonstrating sustained growth in its core business and new ventures despite macroeconomic challenges. The company reported consolidated net loss of 20.1 crore (2.29 million dollars) for the quarter...

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Trump: new tariff on Chinese imports is economically untenable

According to US President Donald Trump, the new tariffs he has threatened against China are economically unsustainable. When asked if the cumulative total tariff rate of 157 percent is sustainable for the economy and what it would mean, he said: “That is not sustainable, but that is the figure.” Trump continued in an interview with US television...

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Hummel to manage BeNeLux market directly again

After a 30-year partnership with Dutch licensee Deventrade, Hummel is taking back direct responsibility for Belgium, the Netherlands and Luxembourg (BeNeLux). The Danish sportswear brand of German origin has established the subsidiary Hummel BeNeLux to manage all business activities in the region from January 1, 2026, Hummel announced on...

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TexCycle in Bulgaria: textile sorting, recycling and upcycling under one roof

How can fashion truly be kept in circulation? A visit to the TexCycle sorting and recycling plant in the Bulgarian port city of Varna showed what it means to sort 60 tons To help picture how much 60 tons are: A heavy household washing machine weighs about 100 kilograms; ten of those make up a ton and 600(!) of those 60 tons. of used clothing...