Latest Articles in Business

ABFRL Q1 2025: Revenue, EBITDA growth amidst widening net loss

Aditya Birla Fashion and Retail Limited (ABFRL) has reported strong growth in its first quarter results for the period ended June 30, 2025. The company posted a 9 percent year-on-year increase in revenue, reaching Rs 1,831 crore. A key highlight was the company's operating performance, with EBITDA surging by 38 percent to Rs 169 crore, and the...

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US Tariffs impact Brazilian footwear industry: Export slowdown and job loss concerns

Abicalçados, the Brazilian Footwear Industries Association, analysed data based on figures from Secex, the Foreign Trade Secretariat. The analysis highlighted that in July, footwear exports totalled 76.74 million dollars. This represents a decrease of 11.8 percent compared to the same month in 2024. In the first seven months of 2025, exports...

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Gildan Activewear to merge with HanesBrands for enterprise value of around 4.4 billion dollars

Gildan Activewear, Inc. (GIL, GIL.TO) and HanesBrands, Inc. (HBI) announced Wednesday that they have entered into a definitive merger agreement under which Gildan will acquire HanesBrands. This transaction implies an equity value of approximately 2.2 billion dollars and an enterprise value of approximately 4.4 billion for HanesBrands, based on...

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Asics increases quarterly sales in EMEA by almost 27 percent and raises annual forecasts

The Japanese sportswear brand Asics significantly increased its EMEA sales in the second quarter of the current financial year. Revenue in Europe, the Middle East and Africa exceeded the level of the same period last year by 26.6 percent, the company announced on Wednesday. The brand achieved growth across all regions, product categories and...

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Veste reports strong Q2 driven by B2B and digital growth

Veste S.A. Estilo, a high-end clothing and accessories company from Brazil, has released its financial results for the second quarter of 2025, reporting growth across its key metrics. The company's gross revenue for the quarter reached 398.8 million Brazilian real, marking a 7.2 percent increase compared to the same period in 2024. This was...

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Euipo reaches five million trademark applications

The European Union Intellectual Property Office (EUIPO) has reached a milestone of five million applications for European Union Trade Marks (EUTMs) and Registered Community Designs (RCDs) since its founding in 1994. "These applications protect companies, entrepreneurs and innovations that shape our future. This milestone reflects the dynamism...

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Nykaa records strong Q1 with 26 percent GMV Growth

Nykaa, a leading Indian e-commerce company, has announced strong financial results for the quarter ended June 30, 2025, kicking off its fiscal year 2026 with significant growth in both revenue and profitability. The company's consolidated gross merchandise value (GMV) surged by 26 percent year-on-year to reach Rs 4,182 crore. This was...

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Exclusive: Trove launches new plugin with Db, signalling next phase in circular commerce

‘Lost & Found’, typically an airport department for travellers seeking out mislaid items, has found a new meaning in the form of a resale programme launched by Db, a Scandinavian brand looking to extend the life of its travel-centric gear. With this, the company has become the first brand to deploy the Trade-In Plugin of resale service provider...

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Bestseller leads 20 million dollar Softwear Automation funding round

Danish fashion giant Bestseller has led a 20 million dollar Series B1 funding round for Softwear Automation, a firm dedicated to autonomous sewing technology that is currently moving towards the commercialisation of its offering. Alongside the strategic investment, which was made via Bestseller’s Invest FWD scheme, Thomas Børglum Jensen, the...

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On slips into the red in second quarter despite sales increase

Swiss sportswear supplier On Holding AG set another sales record in the second quarter of the 2025 financial year. Negative currency effects resulted in a substantial loss. Despite this, the trainer specialist raised its annual forecasts on Tuesday due to the unexpectedly strong growth in its operating business. Asiapacific sales more than...

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FatFace confirms US store closures as digital pivot comes into focus

British brand FatFace has shuttered its 23 stores across the US as it moves towards a digitally-focused approach amid a challenging market. Rising costs were said to be the driving force behind the closures, as the physical store model was deemed to no longer be viable in the US. Despite this, the brand has confirmed an intention to move to an...

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SMCP shareholder dispute resolved: 15.5 percent stake returned after legal battle

Paris, August 11, 2025 – The textile group SMCP (Sandro, Maje, Claudie Pierlot and De Fursac) can finally breathe a sigh of relief. The 15.5 percent of its capital illegally transferred in 2021 to a company based in the British Virgin Islands by its defaulting Chinese shareholder has been returned to the Luxembourg holding company that owned it....