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Castore secures 90 million pounds in funding to invest in growth and digital capabilities

Sportswear brand Castore has secured a 90 million pound facility with banking partners as it continues to pursue global expansion and rollout a growth strategy. The company said it would use the funding to facilitate new retail openings across the UK, as well as support growth into the Middle East and Asia. In a statement, Mark Rowan, global...

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Steve Madden reports Q1 sales growth, Kurt Geiger drives performance

Steve Madden has reported an 18 percent increase in revenue for the first quarter of 2026, reaching 653.1 million dollars, supported by growth in direct-to-consumer and contributions from Kurt Geiger. Net income rose to 71.8 million dollars, compared to 40.4 million dollars in the same period last year. However, adjusted net income declined to...

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Carlyle seeks to sell its stake in Spain-based Jeanologia

Madrid – Following its initial investment in the Valencia-based company in early 2019, US investment firm Carlyle has reportedly decided to fully divest from Jeanologia. Carlyle also holds investments in other prominent Spanish and fashion sector companies, such as Codorniu and the Italian brand Golden Goose. Jeanologia specialises in...

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Bestseller invests 3 million dollars in regenerative agriculture in South Africa

Danish fashion conglomerate Bestseller has announced it is investing 3 million US dollars in the Regenerative Fund for Nature to support regenerative agriculture projects in South Africa’s Eastern Cape. The funds will be used to support local sheep farmers and shepherds, aiding them with land regeneration and enhancing overall living conditions...

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Irish watchdog launches investigation into Shein over customer data handling

An Ireland-based watchdog has launched an investigation into Infinite Styles Services Co. Ltd., the Irish arm of Shein, over concerns of its handling of EU customer data. The Data Protection Commission (DPC) has opened the investigation under the Data Protection Act 2018, and has said it will examine how Shein Ireland transfers personal data of...

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Mission for Cotton Productivity: India's strategy to revitalize cotton sector

The Union Cabinet of India, chaired by prime minister Narendra Modi, has sanctioned 5,659.22 crore rupees, approximately 598.8 million dollars, for the Mission for Cotton Productivity (MCP). Running from the financial year 2026–27 to 2030–31, the initiative aims to revitalise the national cotton sector by addressing stagnant growth, quality...

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Primark commits to 85 million euro investment in Spain and Portugal

Madrid – As part of its sustained commitment to the Spanish and Portuguese markets, Primark's management for Iberia has just announced an investment of over 85 million euros (100 million dollars) in its businesses in both countries. These funds will be used for the refurbishment of part of its current store portfolio and for the opening of new...

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Amazon to invest 15 billion euros in France expansion

Amazon announced Tuesday it would invest more than 15 billion euros (18 billion dollars) in France over the next three years, creating more than 7,000 jobs, according to a statement sent to AFP. The investment would support the construction of new logistics sites, the development of cloud and artificial intelligence capabilities, and...

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Adidas US appeal attempt against Thom Browne blocked

A long-running trademark dispute between Adidas and Thom Browne has moved closer to a conclusion, after a US appeals court upheld an earlier ruling in favour of the luxury label. In a decision issued on April 29, the US Court of Appeals for the Second Circuit confirmed that the case would not be reopened, backing a 2023 jury verdict which found...

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Pandora reports 2 percent organic growth amid strategic transition

Danish jewellery brand Pandora has reported organic growth of 2 percent for the first quarter of 2026, a result comprised of flat like-for-like (LFL) growth and a 2 percent contribution from network expansion. Despite significant external headwinds, the group maintained solid profitability. Performance varied across geographical regions, with...

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Authentic Brands Group eyes IPO as sales outpace expectations

Jamie Salter, the chief executive of Authentic Brands Group, has said the company is planning to go public soon as it outpaces its five-year goal of achieving 100 billion dollars in sales. Speaking at the Reuters Momentum AI event, Salter said the target will be reached quicker if “we pull off the deals that we’re currently working on”, which...

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US footwear sales reports “modest” Q1 growth

Rising prices and a strengthening in the performance segment delivered “modest” growth across the US footwear industry in the first quarter of 2026. Circana’s Retail Tracking Service data show that total US footwear sales increased by 1 percent in Q1 versus the same period last year, while overall units sold declined, and higher average selling...