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Oil at 200 dollars a barrel: Middle East conflict sends shockwaves through fashion

As the global conflict involving Iran escalates, the prospect of oil prices climbing towards 200 dollars a barrel no longer feels implausible. Fashion businesses across the UK and Europe are once again bracing for volatility, as energy markets react sharply to geopolitical risk. From fibre production and manufacturing to freight costs and...

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Debenhams Group reportedly enacts redundancies in move to AI imagery

Debenhams Group has reportedly carried out a handful of redundancies as it expands the use of artificial intelligence (AI) across image creation. According to sources for Drapers, less than five redundancies have taken place to date within the studio department, which includes photography, hair and makeup, retouching, casting and production. The...

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Mori expands US presence with Kidly by Mori launch

British baby and children’s wear brand Mori is venturing further into the US market through the regional launch of Kidly by Mori as part of its next phase of growth. The London-founded label has pitted the US as a key strategic growth market, with Nordstrom and Bloomingdale’s already serving as stockists for the Mori brand itself, operating...

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Swarovski reports revenue of 1.97 billion euros for fiscal year 2025

Swarovski store Credits: Swarovski Swiss-Austrian crystal group Swarovski has announced its financial results for the fiscal year ending December 31, 2025, reporting a year of broad-based progress and improved profitability. The family-owned business delivered 6 percent organic growth compared to the previous year, reaching 1.97 billion euros...

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Misto Holdings reports 31.6 percent growth in operating profit for 2025

South Korean brand portfolio company Misto Holdings, formerly known as Fila Holdings, has announced its financial results for the fourth quarter and full year of 2025. The Seoul-based group recorded consolidated revenue of 4.47 trillion South Korean won (2.98 billion dollars) for the full year, representing an increase of 4.7 percent...

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5 key trends shaping luxury fashion sector in 2026

After a year shaped by uncertainty, creative setbacks, pricing shifts, and operational disruption, signs indicate that the global luxury market is heading into a year of stabilization, albeit at a moderate pace. With executive leaders across the board remaining cautiously optimistic, reports from consulting firms, including Deloitte, BNP...

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H&M faces renewed pressure over mohair use following PETA investigation

Swedish retail giant H&M is facing a renewed call to ban mohair following a new investigation into Responsible Mohair Standard (RMS) farms that claims to have found evidence of animal cruelty. The People for the Ethical Treatment of Animals (PETA) has submitted a shareholder resolution to H&M requesting the retailer to reinstate a policy to ban...

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Perfect Corp receives take-private proposal from CEO

AI and AR fashion tech company Perfect Corp has confirmed the receipt of a non-binding proposal to take the company private. The bid, valued at 1.95 dollars in cash per ordinary share, was made by the firm’s founder, chief executive officer and chairwoman, Alice Chang, and her controlled entities, or consortium members. Together, the group...

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Clo Virtual Fashion partners with Shima Seiki

Shima Seiki, a knitting solutions provider and the developer of Apexfiz Design software, has joined the Clo ecosystem partnership program (EPP) from Clo Virtual Fashion. Apexfiz Design software supports several design functions, including pattern creation, color development, and textile simulations, making it a strong complement to Clo’s digital...

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New white paper on decarbonising the fashion industry is a good start but misses key issues

Decarbonising the fashion industry's supply chains is no longer a secondary sustainability goal, but a core financial necessity. This is the argument of the recently published white paper, “Accelerating Fashion Decarbonisation: An Efficient Approach to Unlocking Corporate Value and Financing the Supply Chain Transition”. It is co-authored by the...

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Seaweed-based dye startup secures funding to back commercialisation

SeaDyes, a startup developing seaweed-based fabric dyes, has secured 200,000 pounds in funding as it eyes further investment opportunities and the commercialisation of its product. The company was founded in July 2023 by biotech innovator Jessica Giannotti, before joining The James Hutton Institute, Scotland’s scientific research institute for...

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Lululemon reports mixed Q4: International growth offsets North America decline

Canadian athletic apparel company Lululemon has announced its financial results for the fourth quarter and fiscal year ended February 1, 2026. While the group surpassed internal expectations for revenue and earnings per share (EPS), it continues to navigate a challenging retail landscape in the Americas, marked by declining store performance and...