Latest Articles in Business

Only 27 percent of delivery companies state delivery date before checkout

Research by US delivery software company FarEye reveals that only 27 percent of logistics and delivery companies in Europe, the Middle East and Africa (EMEA) inform customers of the expected delivery date before checkout. At the same time, 43 percent offer same-day or express delivery. FarEye presented the research findings during a meeting in...

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Gildan finalizes divestment of HanesBrands Australia

Canadian apparel manufacturer Gildan Activewear Inc. (Gildan) has completed the sale of HanesBrands Australia (HAA) to Singapore-based entity BBFIT Investments Pte Ltd, an associated entity of Australian private investment firm BB Retail Capital. The cash transaction closed at approximately 700 million Australian dollars (492 million dollars),...

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Inditex, Mango trade body calls for measures to prevent Barcelona unrest

Madrid – Following the riots that devastated the centre of Barcelona this past weekend, the Asociación Retail Textil España (Arte), the trade association for major fashion and footwear chains operating in Spain, has publicly expressed its support for all retailers affected by this episode of violence. The organisation has voiced this defence...

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New EU package fee: online retailers face levy on non-EU imports

Brussels - The European Union will from November 1 slap a two-euro (2.25 dollars) handling fee on packages from outside the 27-nation bloc in a bid to curb the influx from China. The new levy -- coming just weeks before the Black Friday, Cyber Monday, and Christmas season shopping rushes -- will be on top of the EU's three-euro fee on small...

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Kirsty Glenne on Paravel’s comeback, from bankruptcy to relaunch

Paravel is back. The American travel brand, which filed for bankruptcy in May 2025 and was bought by ATR Group, relaunched on October 8 with a tight edit of its best-known pieces, including the Aviator suitcase and Signature Canvas Tote. “What we saw was a brand with genuine consumer love, recognition, and demand that had never gone away,”...

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Frasers takes control of Hugo Boss as stake crosses 50%

British retail group Frasers Group has crossed the 50 percent threshold in Hugo Boss AG, turning the Metzingen-based fashion house into a subsidiary of the Mike Ashley-controlled company. Frasers said on Friday it had acquired a further 198,666 Hugo Boss shares for around 7.6 million euros, funded from existing cash. The purchase lifts its...

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Reviving British shoemaking: Why footwear brand Lanx prioritises factory capacity over retail expansion

Around a decade ago, when Marco Vaghetti began researching Lancashire’s shoemaking history, the county’s manufacturing industry was already in steep decline. Once home to around 200 shoe factories, Lancashire had just a handful of manufacturers remaining. Eight years after founding Lanx, Vaghetti has established a footwear brand with its own...

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Kering slumps - L'Oréal slightly stabilises consumer goods

Kering shares slumped on Friday. They most recently fell by 11 percent, marking their lowest level since July 2025. This resulted in another negative surprise within the luxury segment. Just the day before, Hermès shares had fallen after its figures failed to convince. In the wake of Kering's decline, other stocks in the sector such as LVMH and...

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Kering: Q3 revenue remains stable as jewelry and eyewear offset Gucci contraction

French luxury group Kering released its revenue results for the third quarter of 2026 on October 22, 2026, generating 3.35 billion euros (3.76 billion dollars). The total represents a stable performance on a reported basis and a 1 percent decline on a comparable basis year-over-year. Performance was supported by a positive currency effect of one...

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Kristen D’Arcy on bringing True Religion’s Y2K codes to a new generation

True Religion’s marketing strategy can be summed up in three words: then and now, Kristen D’Arcy, who became the brand’s first chief marketing officer in 2023, told FashionUnited. “‘Then and now’ is about honouring our history while inspiring consumers to make the brand their own,” D’Arcy said. "Our heritage gives us a rich foundation of...

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Prada delivers resilient nine-month results with net revenues of 4.54 billion euros

Prada SpA recorded net revenues of 4.54 billion euros (5.08 billion dollars), up 15 percent year-over-year (+4 percent organic), in the first nine months of 2026. Retail sales amounted to 3.93 billion euros, up 11 percent YoY (+2 percent organic). “Prada delivered a solid performance, with retail sales up 2 percent over the period and a positive...

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Zegna Q3 revenue rises 8.9 percent bolstered by strong Americas and retail sales

The Italian fashion group Ermenegildo Zegna NV continued its growth trajectory in the third quarter of the 2026 financial year. According to preliminary figures published by the company on Thursday, group revenue for the period from July to September reached 433.8 million euros (485.9 million dollars). This represents an increase of 8.9 percent...