Latest Articles in Business

Everlane founder plans new fashion venture following Shein acquisition

Everlane founder Michael Preysman is preparing to launch a new fashion brand following the controversial sale of Everlane to Shein, according to Forbes. The move comes after Shein acquired the US fashion retailer earlier this month in a deal that sparked backlash from customers and sustainability advocates, given Everlane’s long-standing...

Member

Business

Le Coq Sportif redefines its Iberian game with a distribution partner

The French brand Le Coq Sportif has signed a strategic agreement with Albion 1879 SL to drive its growth in the Iberian Peninsula. The focus will be on Spain and Portugal, aiming to accelerate its consolidation in the premium sport lifestyle segment. The move follows the company's restructuring after its Spanish subsidiary entered insolvency...

Member

Business

UK retailers call for faster action on de minimis import reform

A coalition of UK retailers and trade organisations is calling on the government to speed up the introduction of reforms to low-value imports (LVI), warning that delays are placing mounting pressure on domestic retail and fashion businesses. In a letter addressed to prime minister Keir Starmer and chancellor Rachel Reeves, signatories including...

Member

Business

Drip by Drip targets menstrual health gaps in Bangladesh garment factories

NGO Drip by Drip has launched a new programme designed to tackle menstrual health challenges facing women in Bangladesh’s garment sector, an issue it says remains largely overlooked across global fashion supply chains. Announced on World Menstrual Hygiene Day, the initiative, dubbed ‘Menstrual Dignity in Fashion’, will run across 10 ready-made...

Member

Business

EU imposes 200 million euro fine on online retailer Temu

The European Commission has imposed a 200 million euro fine on the Chinese online marketplace Temu for illegal products. The Brussels authority announced that the company had failed to properly assess the risks and damages to consumers. This is a particularly serious breach of the Digital Services Act (DSA). Consumers in the EU were highly...

Member

Business

Selfridges proposes plan to cut 2 percent of head office roles

Selfridges is due to shake up its head office team. The luxury department store has confirmed proposed plans to cut 2 percent of its headcount to align with “strategic and financial objectives”. In a statement to Drapers, a spokesperson for the company said it had entered into a consultation process with employees. Those impacted are believed to...

Member

Business

Clarks plots 150 stores openings this year, primary focus on China and US

British footwear brand Clarks is eyeing a major expansion with plans to open 150 stores this year, as outlined in a Modaes interview with the company’s president of the UK and Europe, Joe Ulloa. According to the exec, 29 locations have already opened, 11 of which reside in Europe, where 15 to 20 new sites are expected in total. Its focus lies...

Member

Business

Zalando expands pre-owned offering through partnership with Vestiaire Collective

Vestiaire Collective is bringing second-hand luxury fashion to Zalando. The Berlin-based online retailer and the French resale platform have entered into a partnership, the two companies announced on Thursday. A hand-checked selection of second-hand luxury items will now be available on Zalando. The collaboration will be rolled out in 14...

Member

Business

Portugal's textile exports find new life outside Europe

Portuguese textile and apparel exports closed the first quarter of 2026 with moderate yet significant growth. This progress comes amid a challenging environment where a decline in several European markets was offset by growth in non-EU destinations. Between January and March, the sector's international sales reached 1.44 billion euros (1.67...

Member

Business

Fashion tech platform Vaayu acquired by Carbonfact

French sustainability platform Carbonfact has acquired its German competitor Vaayu Tech GmbH. The companies made a joint announcement today. The purchase price has not yet been disclosed. The acquisition brings the two largest decarbonisation tools for the fashion industry under one roof. Existing clients will migrate to Carbonfact. The combined...

Member

Business

Galería Canalejas, central Madrid's 'luxury mecca', is up for sale

Madrid – The Spanish multinational OHLA, successor to the former OHL of the Villar Mir Group, will put the exclusive Galería Canalejas shopping complex up for sale at the end of the year. This was announced by its chairman of the board of directors and main shareholder, Luis Amodio. He has ruled out the possibility of the transaction being...

Member

Business

Kering holds its annual general meeting amidst a transformation phase

Luxury group Kering is holding its annual general meeting on Thursday, a few weeks after unveiling its strategic plan, as the slowing luxury market seeks to reinvent itself. Last September, the French giant's last annual general meeting saw the appointment of Luca de Meo as chief executive officer. François-Henri Pinault retained his position as...