Latest Articles in Business

Luxury sector seeks solutions amid downturn

Is this the dawn of a new era for luxury? Faced with a marked slowdown over the past three years, the sector is trying to regain momentum by returning to fundamentals, streamlining portfolios and exploring new avenues. Profits are down sharply for LVMH and Kering in 2025, and Burberry reported a net loss for its 2024/2025 financial year. The...

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Victoria’s Secret board nominees receive proxy backing

Victoria’s Secret has said that its nine director nominees have received approval from three independent proxy advisors in the run up to its annual shareholder meeting, to be held on June 11. Institutional Shareholder Services, Glass Lewis & Co and Egan-Jones Proxy Services have all issued recommendations for shareholders to vote ‘for’ the...

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OECD warns of inflation, slow global growth in case of prolonged Middle East conflict

The apparel, footwear and textile industries are bracing for impact as the evolving conflict in the Middle East reshapes the global economic landscape. According to the OECD’s latest “Economic Outlook,” a severe energy shock is driving up inflationary pressures and stifling global growth — factors that directly threaten fashion supply chains,...

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Circular fashion: European market estimated at 100 billion euros by 2030

The European circular fashion market could surpass the 100 billion euro (116 million dollars) mark by 2030. This figure, revealed this Thursday by the Fédération de la mode circulaire (FMC) and KPMG, demonstrates the economic power of a market that was once a niche but is now a priority for companies in the sector. A massive economic impact The...

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Business|In-depth

Record margin and 106 fewer stores: other key takeaways from Inditex's first quarter

Madrid – Following the presentation on Wednesday of Inditex's accounts for the first quarter of 2026, we now look beyond the record-breaking sales and profits. This analysis aims to understand exactly how the company has performed at the start of this financial year. The owner of Zara has begun the new fiscal year with a widespread improvement...

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OTB acquires full ownership of Viktor&Rolf

Italian fashion group OTB (Only the Brave) has acquired the remaining shares it did not already own in Viktor&Rolf. The Dutch fashion house is now fully owned by the Italian group, according to a press release. The financial terms of the deal have not been disclosed. In 2008, the initial deal was signed between Viktor&Rolf and OTB. At that time,...

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Seasalt closes US stores two years after initial expansion

British clothing retailer Seasalt has announced the closure of its four US stores just two years on from its expansion into the market. The Cornish company confirmed the news to Drapers, to which it said it was instead looking to grow its portfolio of partners in the US and Europe in the second half of the year, and thus wished to invest “...

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PVH: Middle East conflict dampens expectations

US apparel group PVH Corporation reported solid results for the first quarter of the 2026/27 fiscal year on Wednesday evening. However, management lowered its sales forecast for the full year due to the foreseeable negative impact of the war in Iran. In the first quarter, which ended on May 3, group revenue amounted to almost 2.03 billion US...

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Rent the Runway reports 29.2 percent revenue growth for first quarter 2026

US clothing rental platform Rent the Runway has announced its financial results for the first quarter of fiscal year 2026, ended April 10, 2026, revealing strong top-line momentum and narrowing losses. Total revenue for the period reached 89.90 million dollars, representing a 29.20 percent increase year-over-year (YoY) compared to 69.60 million...

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Tilt raises 26 million dollars with Vinted Ventures

The start-up Tilt, an e-commerce platform specialising in live shopping and live auctions, has reached a key milestone by announcing a 26 million dollar funding round on LinkedIn. While the funding intends to accelerate the platform's technological innovations, the core element of this announcement is the major and highly strategic participation...

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Business|Artificial Intelligence

Spanish startup Flipflow closes a three million euro funding round backed by Puig and Mango

Madrid – Valencia-based startup Flipflow, a market analytics firm specialising in the retail sector, announced this week that it has successfully completed a three million euro funding round. This injection of funds will allow the company to accelerate the technological development of its solutions for the retail industry and its international...

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Aybl founders face legal dispute with Gymshark's Lewis Morgan

British activewear brand Aybl has become embroiled in a legal dispute between its founders and one of its largest shareholders. Lewis Morgan, a co-founder of Gymshark who invested 7 million pounds in Aybl in 2021 in exchange for a 20 percent stake, is reportedly suing brothers Reiss and Kristian Edgerton over his departure from the business,...