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Kering creates 'industry' and 'client' divisions to boost brand growth

French luxury giant Kering, currently undergoing a major transformation, announced on Monday the creation of two new divisions. These are designed to enhance its operational efficiency and support the growth of its brands, including Gucci, Yves Saint Laurent, and Balenciaga. “The relevant teams within the houses will report functionally to these...

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Strait of Hormuz blockage, an “unprecedented freeze” on global maritime trade

Paris (France) - The blockage of the Strait of Hormuz constitutes an “unprecedented freeze” on global maritime trade, affecting everything from cosmetics and food products to pharmaceuticals, cars and precious marbles. While it primarily impacts petroleum products, it also threatens many other industrial sectors. Importance of the Strait of...

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Adidas to increase sales by two billion euros and extends contract with CEO Bjørn Gulden

Sportswear manufacturer Adidas considers itself well-positioned for the coming years, despite economic and geopolitical turbulence. The company is aiming for further growth in sales and profit by 2028, as it announced on Wednesday in Herzogenaurach. In the current year, currency-neutral sales are expected to increase in the high single-digit...

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M&S strengthens ties to motorsport with Silverstone deal

British retailer Marks & Spencer is becoming an official partner of Silverstone Circuit, the world-renowned motorsport venue in England, which hosts the Formula 1 British Grand Prix. In a statement, M&S said the partnership spans year-round activity at the circuit, including track days, hospitality, fan zones, music, and entertainment, as well...

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Kontoor Brands exceeds expectations for fiscal year 2025

US apparel group Kontoor Brands Inc. has concluded its fiscal year 2025 with a significant increase in revenue, thanks to the acquisition of outdoor outfitter Helly Hansen. One-off charges, however, led to a decline in profit. This was announced in a business report published by the company on Tuesday. Helly Hansen acquisition boosts revenue...

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On increases annual revenue by 30 percent and forecasts further growth

Swiss sportswear provider On Holding has concluded the 2025 financial year with a new revenue record, although net profit fell short of the previous year's level. The results, published by the company on Tuesday, surpassed recent forecasts. Last year, revenue amounted to 3.01 billion Swiss francs (3.83 billion dollars). This represents an...

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Textile recycler Circulose joins Spinnova’s consortium to boost commercialisation efforts

Circulose, a textile-to-textile recycling company, has become a new member of Spinnova’s consortium, building on efforts to scale the Finnish firm’s manufacturing technology that turns wood pulp into textile fibre. Through the collaboration, Circulose will integrate its own pulp, made out of recycled cellulosic-rich textile waste, into Spinnova’...

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Mapped: the impact of the West Asia crisis on global textile trade routes

The ongoing West Asia crisis has thrown open the extreme vulnerability of supply chains, including those of the garment and textile industry. FashionUnited has taken a look at why the Strait of Hormuz and the Bab-el-Mandeb Strait are such “jugular veins” of the textile trade between Asia and the West and what it means in terms of shipping times,...

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Landbell USA selected as PRO of California’s Responsible Textile Recovery Act

Nonprofit organisation Landbell USA has been appointed as the Producer Responsibility Organisation (PRO) for California’s Responsible Textile Recovery Act (SB 707), overseeing the management and stewardship of regulated textile products in the state. In the role, Landbell USA will be responsible for developing a Producer Responsibility Plan,...

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Farfetch performance improves yet Coupang swings to loss in Q4

Since Coupang’s acquisition of Farfetch, it has been hard to gauge how well the British luxury e-tailer is performing, particularly as its South Korean parent company tackles broader market challenges. In the group’s latest earnings call for Q4, however, its CEO and chairman, Bom Kim, confirmed things were looking up. “At Farfetch, this quarter...

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European fashion stocks decline amidst Middle East conflict

Madrid – Major European fashion companies are holding their breath, waiting to see how markets and their shares will evolve following the outbreak of the new military conflict between the US and Israel against Iran. The war has unleashed instability in the Persian Gulf region. This has been fraught with uncertainty since last Saturday, which...

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Value chains in jeopardy over Iran: Maersk diverts its vessels to the Cape of Good Hope

Madrid – Tensions are returning to global value chains following the military conflict that erupted this Saturday, February 28, in the Middle East. This follows coordinated attacks against Iran by the Israeli and US armies. The ayatollahs' regime has already responded to these hostilities, announcing an unpredictable escalation of the conflict....