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Ebay becomes strategic partner of Global Fashion Agenda

Marketplace giant Ebay has been named the new strategic partner of Global Fashion Agenda (GFA). The duo are combining their efforts to “accelerate the shift to a circular fashion system” by tackling the current linear model of the fashion industry. Through the partnership, GFA and Ebay will work together with industry peers that are already a...

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Digital Brands Group bets on 36 billion dollar sports merchandise market as NIL sector booms

The global licensed sports merchandise market is a rapidly growing segment of the wider apparel industry. The sector, valued at 36.4 billion dollars in 2024, is expected to increase in value to 49 billion dollars over the next five years, according to Grand View Research, as the number of sports enthusiasts and their fervour for casualised...

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SecondSense secures funds to make luxury resale more accessible

SecondSense, the data-driven secondhand luxury marketplace, has closed an oversubscribed 2 million US dollar institutional round, led by Outlander VC. The platform, which officially launched this summer, has become known as the authority resale price index for secondhand luxury handbags, as its technology tracks millions of data points to...

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Spinnova takes full ownership of Woodspin and Suzano Finland

Spinnova Plc has successfully completed the acquisition of Woodspin and Suzano Finland from Suzano S.A. for a total purchase price of just two euros. The transaction, which was initially announced in August 2025 and concluded on October 3, 2025, grants Spinnova full ownership of both the exclusive producer and distributor of wood-based Spinnova...

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Nike raises prices across core categories as CEO Hill's turnaround plan nears one-year mark

Over the course of the last year, Nike Inc. has raised prices for all of its footwear, clothing, and equipment lines as part of CEO Elliott Hill's turnaround plan and in response to growing international tariffs on goods manufactured in Asia. Prices for footwear increased 17 percent, clothing increased 14 percent, and equipment and protection...

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Baazar Style Retail Limited posts strong Q2 driven by rapid retail expansion

Baazar Style Retail Limited (BSRL), a leading value fashion retailer in India, reported robust growth in its business update for the second quarter of fiscal year 2026. The company’s revenue from operations surged to Rs 5,319 million, marking a significant year-on-year growth of 71 percent compared to the same quarter last year. This momentum...

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Trent Ltd. share price falls as revenue growth moderates

Indian clothing retailer Trent Ltd., the owner of the Westside and Zudio brands, reported its second-quarter standalone revenue rose by 17 percent on Monday. This growth marks its slowest increase since the March 2021 quarter and fell short of the company's near-term target of 25 percent. Following the business update, Trent's share price fell...

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Dieter Holzer appointed new CEO of Closed following acquisition

It was announced a few days ago that the insolvent Hamburg-based fashion company Closed has found new owners. During a press conference on Monday, the parties involved revealed initial details about the brand's future. The purchase price, however, was not disclosed. Dieter Holzer will take over the management of the company as CEO and...

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Harrods Group: 2024 was a “year of stable trade”

Harrods Group, which includes the luxury Knightsbridge department store and online business, as well as its airport concessions, its H Beauty stores and the export of Harrods-branded merchandise, has reported a 17 percent decline in operating profit year-on-year to 177.7 million pounds for the 52 weeks to February 1, 2025. In its FY2024...

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White Stuff welcomes sales increase amid ongoing transformation plan

British fashion retailer White Stuff reported strong results for the full year to March 29, 2025, as its ongoing transformation strategy continues to roll out. Over the reporting period, sales rose 20.3 percent compared to the year prior, amounting to 184 million pounds. The company attributed the increase to its “continued focus on what...

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DK Company takes a stake in Ivy Oak

Berlin-based womenswear brand Ivy Oak is now backed by the Danish fashion group DK Company, which also owns brands such as Wood Wood, Gestuz, Solid, and Ichi. DK Company is investing in Ivy Oak. This will result in the restructuring of Ivy Oak GmbH, the company behind the Berlin-based womenswear brand, into Ivy Oak ApS, the parties announced on...

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Chinese firm reportedly submits ‘interesting’ bid for Golden Goose

A leading Chinese venture capital and private equity firm is believed to have come forward with an “interesting” bid for Golden Goose. Italian publication La Repubblica reported that HongShan Capital, a spin off of US venture capital firm Sequoia Capital, has emerged as a potential frontrunner to takeover the Italian footwear specialist....