Latest Articles in Business

Manufacturers, states or algorithms: who will dominate textile industry in 2040?

With the support of the international organisation Forum for the Future, the H&M Foundation unveiled a foresight study on November 11 describing four possible configurations for the textile industry in 2040. Featuring a business-to-business focus, this document aims to offer textile sector executives “a practical tool to test their strategies...

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Hurr reaches profitability for first time as rental and resale marketplace grows

UK fashion rental platform Hurr has reached profitability for the first time, according to chief executive officer Lauren Roberts, who announced the milestone in a LinkedIn post. Roberts said the business had spent the past 18 months reviewing its operations, spending, innovation and product development, with a series of changes helping to...

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Golden Goose reports 16 percent revenue growth in first nine months of 2026

Italian luxury brand Golden Goose reported a 16 percent increase in net revenues at constant exchange rates for the first nine months of 2026, reaching 583.3 million euros (649.5 million dollars). Performance was driven by direct-to-consumer (DTC) expansion, where revenue rose 21 percent year-over-year (YoY) to 479.9 million euros. The DTC...

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Poundland suppliers warned over cash flow as retailer’s future remains uncertain

Small businesses supplying Poundland are being urged to protect their cash flow as the discount retailer faces the prospect of administration, despite its owner Gordon Brothers reportedly releasing around 10 million pounds to help pay suppliers. The funds were unlocked on November 10, following a freeze on access to company money and mounting...

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Botswana backs De Beers takeover bid as it doubles stake

Botswana is set to double its ownership of diamond company De Beers from 15 percent to 30 percent, positioning itself as the group's largest single shareholder under a proposed acquisition of Anglo American's stake. The proposed ownership structure would give Botswana a greater role in the company responsible for marketing the country's diamond...

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Safilo sales up 1.6 percent in third quarter

Net sales reached 227.5 million euros, up +1.6 percent at constant exchange rates for Safilo Group S.p.A. (Safilo) in the third quarter. Net sales for the first nine months stood at 739.4 million euros (824 million dollars), down -0.9 percent at constant exchange rates. According to a company statement, a recovery in North America offset greater...

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E.l.f. Beauty partners with Rivet to back emerging entrepreneurs in UK and India

Cosmetics company E.l.f. Beauty has partnered with US nonprofit organisation Rivet to support 100 emerging changemakers across the UK and India. Through the collaborative ‘Zero Limits’ initiative, the cosmetics brand has committed a 100,000 dollars contribution to provide grants, mentorship and practical resources. The programme aims to assist...

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Fossil Group returns to profitability in Q3 as turnaround strategy gains traction

US accessories and watch company Fossil Group, Inc. (Fossil) reported net sales of 271.20 million dollars for the fiscal third quarter ended October 3, 2026. Net sales rose 0.4 percent on a reported basis and 2 percent in constant currency, compared to 270.20 million dollars in the third quarter of fiscal 2025. Store rationalisation initiatives...

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AAM urges Congress to maintain tariffs and strengthen US trade enforcement

Following US midterm elections that established new congressional leadership, the Alliance for American Manufacturing (AAM) is urging incoming lawmakers to maintain tariffs on critical industries and modernize trade enforcement, arguing that existing remedies are too slow and costly to protect domestic producers. The organization’s November...

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Inditex and World Bank launch 400 million dollar fund to reduce environmental impact of textile industry

Madrid – The World Bank, through the International Finance Corporation (IFC), has partnered with US investment fund manager Social Investment Managers & Advisors (SIMA) to launch the first blended finance fund to finance the transformation of the fashion industry's supply chain. They plan to endow this investment vehicle with capital of up to...

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Marks & Spencer targets double-digit operating margin in fashion and home division

UK retailer Marks & Spencer Group (M&S) has outlined its medium-term growth targets during its Capital Markets Day on November 10, 2026. The London based company plans to achieve mid-to-high single-digit sales growth across the group, with profit expansion outpacing revenue. The ambitions form the next phase of its ‘Reinvesting for Growth’...

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On reports record revenue in third quarter

Swiss sportswear company On Holding AG (On) has set another revenue record and significantly increased its profit in the third quarter of the 2026 financial year. Following the latest results, management confirmed its existing full-year guidance on Tuesday. Between July and September, revenue reached 931.4 million Swiss francs (1.135 billion...