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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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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...

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Drake’s October’s Very Own secures investment from A.R.I.

Canadian lifestyle brand October’s Very Own (OVO), founded by Aubrey ‘Drake’ Graham, Oliver El-Khatib, and Noah ‘40’ Shebib, has received a capital injection from US-based investment firm Applied Real Intelligence (A.R.I.) to support the brand’s global expansion plans. In a statement, A.R.I., which specialises in growth financing for...

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Mulberry reports strong Q3 trading performance

Somerset-based British luxury brand Mulberry has announced a robust trading performance for the 13 weeks to December 27, 2025. The group achieved revenue growth across all geographic markets, underpinned by a strategic focus on full-price sales during the competitive festive period. Group total sales increased by 5.3 percent at actual currency...

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Groupe RAS: a French independent's strategy to compete with sneaker giants

French footwear specialist Groupe RAS (Rautureau Apple Shoes), the owner of brands No Name, Schmoove and Armistice, is entering a new phase in its history, driven by a complementary management duo. Propelled by international acceleration and a diversification into apparel, the company is now organising itself as a “creative start-up” to...

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Ebay expands Circular Fashion Fund across Europe and North America

Online marketplace Ebay is expanding its Circular Fashion Fund’s reach across Europe, Switzerland, and Canada, building on its established presence in the UK, Germany, Australia, and the US, as it looks to fund innovative solutions that extend the life of clothing and reduce textile waste. The annual programme, first launched in 2022, is...

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Saks files for bankruptcy protection, Geoffroy van Raemdonck appointed CEO

Saks Global has officially succumbed to bankruptcy. The US luxury retail group has commenced voluntary chapter 11 proceedings in the US Bankruptcy Court for the Southern District of Texas. The company, which owns Saks Fifth Avenue, Saks Off 5th, Bergdorf Goodman and Neiman Marcus, has said its stores will remain open for now. The filing intends...

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Reports: Giambattista Valli at risk of closure

The Giambattista Valli, an Italian-French fashion brand is reportedly facing a complex period that could lead to its closure. According to reports from Italian daily newspaper Il Foglio, this is due to debts far exceeding the label's turnover. “We do not know if we will make it to spring,” a company executive told the newspaper founded by...