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LVMH control solidified: Arnault family reaches absolute majority

Bernard Arnault and his family have consolidated their control over the global luxury giant LVMH. According to a source close to the family, they now hold 50.01 percent of the share capital and 65.94 percent of the voting rights. This move, although seemingly minor at 50.01 percent, is highly strategic. It marks the transition to an absolute...

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Texas Attorney General sues Shein for selling toxic products & exposing Texans data to the CCP

Attorney General Ken Paxton has filed a lawsuit against Chinese fashion giant Shein for allegedly selling toxic products to consumers and compromising their data privacy. The fifth anti-CCP lawsuit that Paxton filed over the course of four days argues that Shein US Services LLC and its related companies are using “deceptive practices”, including...

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LolaLiza acquired by three board members following management buyout

Belgian womenswear brand LolaLiza has been acquired by three members of its current management team. CEO Joachim Rubin, chief product and marketing officer Elodie Doret and chief commercial and operations officer Griet Sauvenay are taking over the shareholding from the founding Appelstein & Jeger family, who owned the company for 25 years....

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Amer Sports increases annual revenue by 27 percent and forecasts further growth

Finland-based sporting goods group Amer Sports Inc. experienced strong growth in the 2025 financial year. The parent company of brands such as Arc’teryx, Salomon, Wilson and Peak Performance also presented results for the fourth quarter on Tuesday that exceeded market expectations. Last year, the group's revenue reached 6.57 billion US dollars....

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Ashley Stewart secures 15 million dollars in funding to support growth

Plus-size fashion brand Ashley Stewart has secured a 15 million dollar revolving credit facility providing financing to support its liquidity position and ongoing growth efforts. It comes after the company’s attempt to secure Chapter 11 bankruptcy protection was dismissed, leading to a sale of its assets. The capital infusion was provided by...

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Deichmann increases annual turnover and targets further growth

Retail group Deichmann defied adverse market conditions in the past financial year. The footwear retailer announced on Monday that its turnover reached approximately 8.9 billion euros (10.48 billion dollars) in 2025, exceeding the previous year's level by more than 2 percent. According to the group, approximately 70 percent of its total turnover...

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EU parliament halts implementation of customs deal with US

The European Parliament has formally suspended the implementation of the customs agreement between the US and the EU. The background to this is the new tariffs announced by US President Donald Trump, according to the chairman of the trade committee, Bernd Lange (SPD). “We want a clear assurance from the United States that they will adhere to the...

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Saks Global obtains approval for one billion dollar financing

Saks Global has secured approval from a Texas bankruptcy court for a one billion dollar financing to support its reorganisation plan. The decision was determined by Judge Alfredo Perez during a hearing held in Houston. The news comes after Saks was able to resolve objections brought forth by luxury brands and business partners that expressed...

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Mondottica appoints local agents to drive Off-White and Palm Angels in Spain and Portugal

The international Mondottica Group has appointed Xavi Fusté, CEO of VÜM Glasses, and his team as strategic partners for the distribution of the Off-White and Palm Angels eyewear collections in Spain and Portugal. The partnership establishes a selective distribution through independent opticians that combine fashion, design and technical...

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Fresh start with 36 stores: Pepco Germany ends insolvency proceedings

Last summer, the German subsidiary of retailer Pepco NV filed for insolvency. Following a comprehensive restructuring that included significant cuts to its store network, the discounter is now set for a fresh start in the country. The self-administered insolvency proceedings for Pepco Germany GmbH, which began on October 1, will end on February...

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Stocks diverge, dollar down over Trump tariffs uncertainty

Global equities traded mixed and the dollar fell slightly Monday as uncertainty over Donald Trump's tariffs gripped markets after the US Supreme Court struck down a large part of the president's upending trade policy. The court on Friday ruled that Trump does not have the authority to impose tariffs under a 1977 law he has relied on to impose...

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How US trade organisations responded to the Supreme Court’s decision on tariffs

On Friday, the US Supreme Court overruled Donald Trump’s tariffs, determining that the president had wrongfully invoked the International Emergency Economic Powers Act (IEEPA) to impose levies. The region’s trade organisations swiftly responded to the ruling, largely expressing support for the court’s decision, many grateful for the stability...