Latest Articles in Business

Bidding war for Brava Fabrics: “The deal is attracting international buyers”

Madrid – The Barcelona-based fashion firm Brava Fabrics has been in voluntary administration since June 25. A bidding war has now opened for the insolvency process. This phase is expected to conclude on September 15 with the fully operational company being handed over to a new owner. The digital platform Kentra is working towards this timeline...

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Walmart raises annual targets - pharmaceutical sales weigh on US business

Bentonville - Walmart, the world's largest retailer, benefited from strong growth in its advertising revenue, a thriving online business and customs duty refunds from the US government during its second fiscal quarter. CEO John Furner raised his forecasts for the financial year ending January 2027, according to a statement on Thursday. The...

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Online clothing retailer Boohoo fined 2.33 million euros

Paris - British online clothing chain Boohoo has been fined 2.33 million euros. The fine follows an investigation that revealed “deceptive commercial practices”, the French fraud authority announced on Thursday. The fine was for “deceptive commercial practices and non-compliance on product labelling”. It was proposed to the company with the...

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Authentic expands European marketplace access with Luzern partnership

US brand management firm Authentic Brands Group has expanded its strategic partnership with Luzern eCommerce, giving the group’s brand portfolio access to marketplace and retail media services across Europe. The agreement builds on Luzern’s work with the operating partners of Authentic-owned Reebok over the past year and will extend its...

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M&Co reportedly owed 46 million pounds before collapse

High street retailer M&Co is revealed to have owed unsecured creditors over 46 million pounds at the time of its collapse, with 1,800 jobs also reportedly lost. The Scottish company appointed administrators towards the end of 2022, two years after it had previously collapsed during the pandemic. At the beginning of 2023, its 170 stores were...

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Radley London’s website shutters, stores reportedly prepare to close

The website of Radley London has shuttered months after the British accessory brand entered administration and was rescued by Gordon Brothers in a pre-pack deal. New reports now suggest that the label’s stores are also due to close. According to Retail Week, all of Radley’s 21 stores are expected to close by the end of August, with 42 jobs to be...

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TJX exceeds Q2 sales forecasts with 4 percent comp sales growth

US off-price retailer The TJX Companies (TJX) has reported net sales of 15.18 billion dollars for the second quarter ended August 1, 2026, representing a 5 percent increase compared to the same period in the prior year. Consolidated comparable sales, or comp sales, grew 4 percent, exceeding company forecasts. Net income for the quarter reached...

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Sourcing at the gateway to South America: Colombia’s textile nearshoring advantage

Colombia’s textile and garment sector is a critical pillar of its industrial economy. Combining over a century of manufacturing heritage with modern technical capabilities, the country has carved out a distinct niche in value-added fashion and specialty apparel. Its strategic proximity to North America and favourable trade mechanisms make...

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Azzas 2154 reports Q2 drop in revenue and profit

Last week, Brazilian holding company Azzas 2154 presented its results for the second quarter of 2026. Gross revenue fell by 7.1 percent to 3.4 billion reais (656.5 million dollars) compared to the second quarter of last year. This was “mainly impacted by a 13.6 percent drop in sell-in channels.” Gross profit, at 1.5 billion reais, saw a 5.9...

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Textiles: Does India want to make Bangladesh an extension of its industrial base?

Diplomats discuss tariffs and cross-border fluidity. Textile manufacturers, however, are watching how these barriers actually change their costs, market opportunities and production choices. By dispatching a delegation to Dhaka led by the Confederation of Indian Industry (CII), New Delhi is not just there to discuss market access for its...

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Kappa joins Superdry & Co.'s brand portfolio in multi-year deal

Superdry & Co has signed a multi-year co-branding agreement with Italian sportswear label Kappa, making it the first sportswear brand to join the British apparel label's expanding portfolio of partner labels. The deal will cover the design, development and distribution of Kappa x Superdry apparel and footwear across the UK and selected European...

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Wolford AG: Operating loss halved through restructuring measures

Wolford AG is making progress with its restructuring. In the first half of the current financial year, the Austrian lingerie and clothing provider's turnover of 31 million euros was below the previous year's figure of 33 million euros. However, the group made significant progress in its earnings. Earnings before interest and taxes (EBIT)...