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Hermès expands watchmaking factory in Switzerland despite sector decline

More powerful than ever with 15.2 billion euros in revenue in 2024, Hermès announced on Monday its plans to expand its watchmaking factory in Le Noirmont, Switzerland. This expansion is set to eventually accommodate one hundred new employees, a move that comes despite the company witnessing a drop in its watchmaking segment sales in 2024. By...

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Why Labfresh ditched AI campaigns after four seasons: ‘Humans perform better’

AI still evokes different reactions. Enthusiasm and trepidation has now given way to experimentation and implementation. One of the fashion companies that started working with AI early on to help with its campaigns was Dutch brand Labfresh. After four seasons with AI by its side, however, the brand is now returning to fully “human” campaigns....

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Heron Preston buys back rights to own brand from New Guards Group

Fashion designer Heron Preston has announced that he has regained full and exclusive rights to his brand. He repurchased these rights from New Guards Group (NGG), the fashion holding company owned by Farfetch. In an interview with The Business of Fashion, Preston shared: "I have been through hell to protect what I have built. I fought for my...

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Hmoda acquires 60 percent of Manrico Spa

Hmoda (Holding Moda Moda), a subsidiary of Holding Industriale (Hind), an investment company specialising in small and medium-sized Italian businesses, has acquired a 60 percent stake in Manrico Spa, a company specialising in the production of cashmere garments. "With this new transaction, Hmoda further expands its distinctive know-how,...

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Huddled taps for THG for fulfilment

Circular economy e-commerce group Huddled has signed a partnership with THG Fulfil, THG Ingenuity’s fulfilment and courier management solution, to support its growth plans. THG Fulfil will provide Huddled with fulfilment, courier management and warehouse storage solutions, enabling the circular economy e-commerce group to offer extended next-day...

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Rino Mastrotto and Gruppo Marzotto create Jacqart - Trame d’Arredo

Jacqart – Trame d’Arredo, a new company specialising in the production of high-quality jacquard fabrics and velvets, has been formed through the merger of Imatex23 srl ("Imatex"), a company controlled by Rino Mastrotto, and Prosetex, a company of Gruppo Marzotto. The launch of the new company was announced in a joint statement by Rino Mastrotto...

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Positive Luxury partners with Buyerdock on digital product passports

Sustainability certification platform Positive Luxury is partnering with digital compliance and traceability platform Buyerdock to “boost trust” within the luxury industry through Digital Product Passports (DPPs). The collaboration will allow Positive Luxury’s Butterfly Mark accredited brands and its other luxury clients to seamlessly adopt...

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Meta acquires stake in EssilorLuxottica

According to reports, the Facebook parent company, Meta Platforms Inc (Meta), is investing in the French eyewear group EssilorLuxottica. Bloomberg reported on Tuesday that the US company has acquired a stake of just under three percent for approximately three billion euros. The report follows the announcement of the investment plans a year ago....

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Baazar Style Retail Limited reports 37 percent revenue growth in Q1 2026

Baazar Style Retail Limited (BSRL), a value fashion retailer in Eastern India, has announced a strong performance for the first quarter of fiscal year 2026, showcasing its expanding footprint and resilience within India's retail landscape. For the quarter ending June 30, 2025, the company reported a substantial 37 percent year-on-year growth in...

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Altagamma: future of luxury between top-tier, aspirational clients and high-potential countries like India and Thailand

Milan - Multi-brand retailers are facing a crisis. This is particularly true for those focused on clothing and leather goods, but not those in beauty and watches and necessitates an ever-closer relationship with customers. The luxury sector is experiencing a period of stagnant growth. There is also disaffection among aspirational consumers. This...

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Temu's "uncontrolled growth" in the French market

After an "explosion in sales" in 2024, the Chinese online commerce platform Temu accelerated its presence in the French market in early 2025. This move was in response to US protectionism, which is encouraging its "uncontrolled growth", according to a Joko application study relayed to AFP on Tuesday. This shopping application questioned, "Who...

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GLD secures growth investment led by MarcyPen Capital Partners

International lifestyle jewellery brand GLD announces a strategic growth investment round led by MarcyPen Capital Partners, alongside GLD founder Christian Johnston reinvesting in the company to “unlock the next wave of growth”. The investment comes as H.I.G. Growth Partners sells its majority stake in GLD to MarcyPen, a next-generation...