Latest Articles in Business

Gildan under investigation for alleged securities fraud

Canadian apparel manufacturer Gildan Activewear (Gildan) is under investigation for potential securities fraud following allegations of channel stuffing that led to a sharp decline in its share price. Securities litigation firm Bleichmar Fonti & Auld (BFA) initiated the inquiry to determine whether Gildan misled market participants regarding its...

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G-III Q2 net income rises despite sales decline

US fashion group G-III Apparel Group (G-III) has reported its financial results for the second quarter of fiscal year 2027 ended July 31, 2026 with net sales decrease of 10 percent to 554.1 million dollars. Despite the decline in revenue, net income for the quarter reached 20.2 million dollars, or 0.46 dollars per diluted share, up from 10.9...

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How Joseph Ribkoff is using 'Elegance in Motion' to drive brand growth

After nearly 70 years as a wholesale-driven Canadian womenswear house, Joseph Ribkoff is making its most significant strategic pivot to date: the brand has launched its first global direct-to-consumer (DTC) digital flagship, unveiled a renewed brand vision centered on “Elegance in Motion,” and named Elizabeth Hurley the face of its new global...

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Alo Yoga's appeal against Alo Jewelry's China trademark rights rejected

The China National Intellectual Property Administration (CNIPA) has rejected a non-use cancellation action brought by Alo Yoga against the Chinese trademark registrations for jewelry held by Alo jewelry CZ, s.r.o., the Prague-based jeweller announced on Tuesday. The ruling follows an appeal filed by Alo, LLC — the company behind the Alo Yoga...

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Kontoor Brands sets a 1.1 billion dollar revenue target for Helly Hansen by 2030

Kontoor Brands, Inc. announced Helly Hansen's long-term growth strategy and 2030 financial targets on Wednesday, which Kontoor Brands will present at the Helly Hansen Investor Day. The plan is designed to scale Helly Hansen globally while significantly expanding its profitability through 2030, with a revenue target above 1.1 billion dollars — a...

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Schouw & Co. completes acquisition of majority stake in Spectre

Danish industrial conglomerate Schouw & Co. has completed the acquisition of a 75 percent majority stake in Spectre, a family-owned specialised business-to-business (B2B) manufacturer of premium functional outdoor and sportswear apparel. The closing follows the initial agreement announced on July 2, 2026, after all regulatory approvals were...

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WHP Global and G-III complete acquisition of Marc Jacobs

US brand management firm WHP Global and US fashion company G-III Apparel Group (G-III) have completed the acquisition of American brand Marc Jacobs from French luxury conglomerate LVMH. Concurrently, WHP Global and G-III have formed a joint venture to co-own the Marc Jacobs intellectual property and accelerate the brand's global expansion. Under...

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Hugo Boss terminates share buyback program amid Frasers Group takeover bid

German premium brand Hugo Boss will terminate its share buyback program early following announcements from UK retail company Frasers Group that it intends to build a controlling stake of more than 50 percent in the business. The managing board of the Metzingen-based fashion house resolved on September 1 to end the buyback upon the expiration of...

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Menswear brand Untuckit acquired by Randa

American apparel and accessories supplier Randa Apparel & Accessories (Randa) has acquired the operations and brand of US-based menswear company Untuckit. Financial terms of the transaction were not disclosed. Founded in 2010, New York-based Untuckit built its business around casual and dress shirts designed specifically to be worn untucked. The...

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European textile federations urge 10 euro handling fee on small parcels

Europe's leading textile federations called on the European Commission on Tuesday to set at 10 euros per parcel the handling fee it plans to introduce on small parcels arriving largely from China, according to news agency Agence France-Presse (AFP). The demand, made at the Première Vision trade fair in Paris, comes as the European Union tightens...

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What took so long? Inside Victoria Beckham's long road to profitability

Victoria Beckham Holdings Ltd reported an operating profit for the first time since it was created in 2008, the company announced on Monday. It rose 15 percent to 129.8 million pounds (175.7 million dollars) in the year to the end of December, marking the fifth consecutive year of double-digit revenue growth. It also posted a pre-tax profit of...

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How five German cities are fighting to save their Galeria stores

Mayors of five Bavarian cities are appealing to the state government to help save local branches of struggling department store chain Galeria from closure, according to German press agency dpa. A position paper from the cities of Aschaffenburg, Würzburg, Bayreuth, Memmingen and Munich states that the government must "clearly represent" the...