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Saks Global secures 500 million dollars in funding to support restructuring

Luxury retail group Saks Global has unlocked 500 million dollars of funding to support operations and transformation plans under its ongoing bankruptcy process. The financing is an initial tranche of a 1.75 million dollar committed capital the company secured when it filed for Chapter 11 protection with a Texas court last week. Saks said the...

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Adolfo Domínguez: Operational turnaround amid financial pressure

Between March and November 2025, Spanish company Adolfo Domínguez has strengthened its operating performance despite a weak fashion market in Spain and a leadership shake-up mid-period. The company appointed Íñigo de Llano as CEO in May 2025, but he exited in September, after only about five months, reportedly due to a misalignment between his...

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Genesco embarks on AI-driven transformation strategy, jobs losses expected

Wholesale and licensing firm Genesco has announced the launch of a strategic transformation following a review of the business, as pressure on profitability mounts. The plan will see the US company adopt a new operating model, which will roll out in phases. As a result of the process, some positions are expected to be impacted within the IT...

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Scotch & Soda's return to the high street: 22 stores reopened in Europe as global rollout continues

Since the bankruptcy of its European retail division in 2024, high streets across the region have been without Scotch & Soda. Now, however, under the ownership of US investment company Bluestar Alliance, stores have already reopened across Europe. In conversation with FashionUnited, Sander Born, chief sales director at Scotch & Soda, shares...

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Future of Woolrich and Sundek collections following BasicNet acquisition

Marco Tamponi is officially the global brand manager for Woolrich and Sundek. The two brands were recently acquired by BasicNet. They join Sebago and Superga, two brands that have long been underits creative direction. The Italian fashion company founded by Marco Boglione also includes Kappa, Robe di Kappa, K-Way, Briko, Jesus Jeans and Sabelt...

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New German textile law aims to address fast fashion waste crisis

Fast fashion is creating growing disposal problems in Germany. Consequently, environment minister Carsten Schneider (SPD) plans to hold manufacturers more accountable by requiring them to contribute to the disposal costs of used clothing. This initiative is a response to the issue of overfilled clothing donation bins, which are predominantly...

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Saks Global: Millions owed to Chanel, Kering, LVMH, and more

Saks Global’s journey to eventual bankruptcy had been heavily speculated by industry insiders for months. Suspicions were then confirmed Wednesday, when the US retail giant officially filed for Chapter 11 protection in a Texas bankruptcy court, where documents have revealed the extent of financial challenges faced by the company. In its filing,...

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CLO announces legal win in copyright infringement lawsuit against Style3D

CLO Virtual Fashion, the parent company of 3D fashion design software CLO, recently announced a legal victory in its copyright infringement lawsuit against the parent company of Style3D. In a statement released late on January 14, CLO shared that it had obtained “a final and binding judgment” from the Zhejiang Provincial High People’s Court...

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Saks Global: Court approves 400 million dollar financing, despite Amazon objection

Saks Global has received preliminary approval for 400 million dollars in new funding from a US bankruptcy judge. The capital is part of a 1.75 billion dollar financing commitment secured by the group in association with its Chapter 11 proceedings, initiated with a Texas bankruptcy court. Judge Alfredo Perez approved of the funding despite...

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Pepco Group reports 4.3 percent revenue growth amid strategic FMCG exit

Pan-European variety discount retailer Pepco Group has announced its trading update for the first quarter of fiscal year 2026, ended December 31, 2025. The group reported a 4.3 percent increase in total revenues to 1.40 billion euros (1.63 billion dollars) on a constant currency basis. This growth was primarily driven by the flagship Pepco...

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Richemont maintains strong momentum with 11 percent sales growth in third quarter

Swiss luxury group Richemont has reported a robust performance for its third quarter ended December 31, 2025, with sales reaching 6.40 billion euros (7.45 billion dollars). At constant exchange rates, revenue increased by 11 percent against demanding double-digit comparatives from the previous year, while growth at actual exchange rates stood at...

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“We want to invest in French industrial workshops,” Gilles Lasbordes (HModa France)

The Italian industrial group HModa has recently established a structure in France. It includes a showroom, a leather goods workshop, a client reception area and a training facility. Gilles Lasbordes, managing director for France, outlines its ambitions: targeted investments in independent workshops, prototyping at the Aubervilliers premises and...