Latest Articles in Business

Playtime: How uncertainty is changing kidswear buying

As Playtime hosts another edition of its trade show in New York City, buyers are cautious about stock and delivery — a trend seen across different sectors of the apparel industry, currently dealing with the unpredictability of US market tariffs. “Buyers currently have short visibility on geopolitical changes. It's difficult to anticipate what...

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Farm Rio adopts Inspectorio platform for global supply chain compliance

Brazilian fashion brand Farm Rio will run its inspections, laboratory testing and product traceability through the supply chain platform of US software company Inspectorio, the two companies said in a joint announcement. The rollout covers the brand's retail markets in France, Italy, Mexico, the United Arab Emirates, the UK and the US. Farm Rio...

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Lenzing closes two production sites, shifts strategic focus to nonwovens

Austrian fibre producer Lenzing AG has announced additional drastic measures as part of its ongoing reform efforts. On Monday evening, the group announced that it will close two more sites. The affected factories are in Heiligenkreuz, Austria, and Grimsby in the UK. Fibre production in Heiligenkreuz is set to cease by the end of this year and in...

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Marc O'Polo expands membership program into international brand community

Marc O'Polo is transforming its customer loyalty programme, launched in 2019, into an international brand community, which will launch on August 3 in eleven European markets. The programme will offer members exclusive benefits, content and experiences, extending the brand experience beyond the point of purchase, Marc O'Polo announced on Tuesday....

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EU introduces anti-dumping duties on Chinese nylon

The European Union (EU) is imposing import duties of 60 to 67.5 percent on Chinese nylon, report Dutch media Nu.nl and De Telegraaf. The measure follows an investigation by the European Commission, which found that polyamide yarns, better known as nylon, were being offered on the European market at dumped prices. According to the European...

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What the proposed 50 percent tariff means for the Canadian garment & textile industry

The North American textile and garment ecosystem is reeling following Washington's announcement to invoke Section 338 of the Tariff Act of 1930, slapping a maximum 50 percent ad valorem (according to value) duty on a vast array of Canadian imports effective 19th August 2026. While initial political headlines focused heavily on disputes involving...

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Barclays and Bank of America raise Inditex's share price target

Madrid – Adding to the recent series of analyst recommendations on Inditex and its business model, British financial institution Barclays has issued a new report. The report assesses the strengths and potential of the Spanish fashion multinational. The company is expected to perform remarkably well both on and off the stock market. Consequently,...

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CVC reportedly in talks to buy TPG's stake in jeweller APM Monaco

European private equity group CVC Capital Partners is in talks to buy a stake in Monaco-based fashion jewellery brand APM Monaco from US investment firm TPG, Bloomberg reported, citing people familiar with the discussions. CVC has moved ahead of rival bidders and is now seen as the frontrunner for the holding, according to the report, though...

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Salesforce invests in Callimacus, AI platform from Brunello Cucinelli's holding company

Solomei AI, the company that developed the Callimacus platform, has announced an investment agreement from Salesforce. The deal will support the expansion of Callimacus' engineering and AI research capabilities, accelerating product development and commercial growth in Europe and North America. Callimacus was developed over three years with the...

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Frasers Group takeover bid for Hugo Boss becomes unconditional

UK retail giant Frasers Group (Frasers) has secured merger control clearance from the European Commission for its voluntary public takeover offer to acquire all ordinary shares in German fashion house Hugo Boss. The regulatory approval, granted on July 27, 2026, satisfies the offer condition outlined in the offer document published on June 25,...

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Emu Australia enters new chapter following brand evolution

Most people know Emu Australia for one thing: its sheepskin boots. But the brand’s heritage and its product offering run considerably deeper than that. The Australian footwear brand is currently undertaking a complete overhaul of its business, including a rebranding and a new e-commerce platform, with an elevated campaign for FW26 and a...

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Digital Brands Group expands secured US program following share consolidation

US apparel conglomerate Digital Brands Group (DBG) has announced a 32 percent expansion of its secured US program, bringing its total value to 165 million dollars. The company, headquartered in Austin, Texas, stated that the growth follows a one-for-40 stock consolidation. The addition of new apparel and footwear categories serves as the primary...