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Nike shifts from 'direct-first' to 'city-led' strategy amidst Q3 challenges

US brand Nike has reported financial results for the third quarter of fiscal 2026, ending February 28, 2026, revealing a period of strategic rebalancing. The company recorded revenues of 11.3 billion dollars, remaining flat on a reported basis compared to the previous year. On a currency-neutral basis, revenues declined by 3 percent. The results...

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EU delegation: China must control its goods exports more strictly

During their first visit in eight years, MEPs in China have demanded greater control over the export of Chinese goods. “We have repeatedly stated that it is important for exports to be more strictly controlled by the Chinese side,” said Anna Cavazzini (Greens), chair of the European Parliament's internal market committee, in Beijing. She added...

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Intersport Group reports revenue growth

Intersport Group has concluded the 2025 financial year with revenue growth. The Bern-based retail group concluded 2025 with a year-over-year revenue increase of 0.4 percent, IIC-Intersport International Corporation GmbH announced on Tuesday. On a currency-neutral basis, growth was 1.2 percent. The group is active in 40 countries and has a store...

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Why Kering is gradually taking control of luxury jewellery specialist Raselli Franco

Kering has marked a new decisive step in its structural repositioning. The French luxury leader has formalised the acquisition of a 20 percent stake in the Raselli Franco group, a leading independent jewellery manufacturer in Europe, for a valuation of 115 million euros. This transaction, first announced in December 2025, paves the way for a...

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Judge dismisses counterclaims by The RealReal against Chanel

Chanel has secured a partial win in a long-running legal dispute against The RealReal (TRR). A New York judge has moved to dismiss a number of the US resale platform’s counterclaims, narrowing the defense to more timely matters. US district judge Vernon Broderick of the Southern District of New York granted a motion by Chanel to dismiss five...

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American Exchange Group acquires Allbirds for 39 million dollars

US footwear brand Allbirds has announced a definitive agreement to sell its intellectual property and specific assets and liabilities to American Exchange Group. The New York-based firm, which specializes in accessories design and manufacturing, will acquire the brand for an estimated 39 million dollars. The transaction was negotiated by a...

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Perfect Moment secures 12 million dollars in growth financing

UK-based luxury lifestyle brand Perfect Moment has announced it has secured 12 million dollars in growth financing to strengthen its liquidity and support its strategic expansion. The capital injection follows the recently reported first profitable quarter for the brand and is intended to accelerate progress toward sustainable profitability. The...

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How a brand like Chanel uses IP to establish and influence an audience

Chanel is a maison synonymous with luxury and recognised globally, defined by timeless black and white chic and its 'ultimate luxury' identity. Founded in Paris in 1910 by fashion pioneer Gabrielle ‘Coco’ Chanel, today it remains a powerhouse brand, now headquartered in London. Many of the elements introduced under Coco have endured, firmly...

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Italian luxury brands stage citywide retail takeover in Manhattan

From April 9 to 11, Manhattan’s luxury corridors will double as a distributed exhibition space. Under the banner “Icons of Italy,” 43 flagship boutiques representing 56 Italian brands spanning fashion, design, jewellery, automotive, yachting, food and wine will host installations and cultural activations aimed at reframing retail as a vehicle...

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Dick’s Sporting Goods initiates layoffs at Foot Locker

Nearly a year on from its acquisition of Foot Locker, parent company Dick’s Sporting Goods has begun a series of layoffs within the operations of the sportswear retailer. The news was confirmed to Footwear News by unnamed sources. FashionUnited has contacted Dick’s with a request to comment. Some employees were reportedly asked to ‘return to...

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Debenhams raises guidance following adjusted EBITDA growth

Manchester-based Debenhams Group, the online platform operated by Boohoo Group plc, has announced it delivered 53 million pounds (70.16 million dollars) in adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for the financial year ending February 28, 2026. This figure represents a 36 percent increase compared to the...

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Jott administration: three candidates vie for ready-to-wear company

Marseille (France) - The Marseille commercial court on Friday reviewed bids from three candidates to take over the Marseille-based ready-to-wear company Jott, known for its colourful down jackets. These were selected from around 15 potential buyers who came forward in February. The court will announce its decision on April 13. The Jott brand...