Latest Articles in Business

Moncler's Asia performance boosts Q1 2025 revenue

Moncler reported its first quarter with consolidated group revenues of 829 million euros, up one percent at constant exchange rates, (plus one percent also at current exchange rates) compared to 818 million euros recorded in the first three months of 2024. “The start of the year was characterised by the continuation of macroeconomic and...

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LVMH’s Q1 sales drop highlights luxury is under pressure

LVMH, the world’s largest luxury conglomerate and a barometer for the broader industry, reported a 5 per cent decline in earnings from its fashion and leather goods division in the first quarter, casting a long shadow over what was expected to be a year of cautious recovery. The French giant’s challenges may well extend into the second quarter,...

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Moncler: Meeting approves a dividend of 1.3 euros and elects a new board

The Moncler shareholders' meeting approved the financial statements for the year 2024 and the distribution of a dividend of 1.30 euros per share on Wednesday, April 16. According to a statement, the new board of directors was also appointed. It is composed of 15 members for the three-year period 2025-2027 and will remain in office until the...

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Good On You report reveals “alarming” gaps between fashion industry’s environmental commitments and actions

Sustainability ratings company Good On You has released its Fashion Planet Benchmark Report, which has analysed data from more than 5,400 large (1,372) and small brands (4,032; based on annual turnover) in terms of emissions tracking, supply chain transparency and circular design initiatives. The report reveals “alarming” gaps between the...

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Euratex signs strategic partnership with Tunisian textile federation

European industry organisation Euratex is strengthening its collaboration with the Fédération Tunisienne du Textile et de l’Habillement (FTTH). According to a press release, the strategic partnership between Euratex and the Tunisian textile federation should strengthen industrial cooperation between the two parties. Euratex indicates that it...

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Coupang closes Ngg++

There is no good news for New Guards Group (NGG), the Milan-based company located in Via Turati, which manages Farfetch's fashion activities. As reported by Mff, the company will soon lose a new element, following the sale of the Palm Angels, Off-White, Alanui and Ambush brands. On April 30, Ngg++, the division created in 2023 to manage the...

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JD.com commits to supporting Chinese exporters amid tariff uncertainty

E-commerce giant JD.com is set to launch a 200 billion yuan (20.57 billion pounds) fund to help support Chinese exporters as uncertainty over tariffs continues to weigh on the market. In a statement to Reuters, the Chinese firm said it would send its own employees to domestic companies associated with foreign trade to purchase their “...

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‘Fear of regulation’: New BFC-backed report underlines obstacles in development of circular business models

As increasing regulation unfolds in the pursuit of establishing a more circular industry, obstacles and challenges faced by UK brands in their attempts to align with these changes are becoming more and more clear. It is exactly this that is explored in a new report by UK-US consultancy firm Clarasys, backed by the British Fashion Council’s (BFC)...

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Passenger to pause US activity to focus on EU following tariffs

British outdoor brand Passenger Clothing, which was named one of the UK’s fastest-growing private companies in 2023, will be pausing its US growth initiatives following the recent tariffs from the US administration. In a statement, Passenger said in the wake of the US tariffs, it would be turning its attention to its “fast-growing" EU business...

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Matches debt surges beyond estimates to 50 million pounds

Just over a year on from its administration, challenges triggered by Matches’ collapse continue to unravel. According to new documents filed by the company’s administrators, creditors of the former luxury e-tailer are now said to be owed around 49.5 million pounds, surpassing previously cited estimates. In the documents provided by administrator...

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Frasers Group to launch Sports Direct in ANZ region with Accent Group

Frasers Group has secured a 25-year strategic retail agreement with Accent Group that will see its sportswear retailer, Sports Direct, launch across Australia and New Zealand. The company said it is planning to open 100 stores in the region, with further opportunities among other retail and business segments to be potentially explored in the...

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Christian Dior quarterly revenue down amid ‘disrupted geopolitical’ environment

Luxury group Christian Dior posted a revenue of 20.3 billion euros for the first quarter of 2025, a slight decline on the same period of the year prior as the “disrupted geopolitical and economic environment” continued to take effect. Overall group revenue dropped 2 percent on the 20.69 billion euros recorded in the first quarter of 2024, with...