Home

News

Business

Latest Articles in Business

eBay board rejects unsolicited acquisition proposal from GameStop

The board of directors of US e-commerce leader eBay has formally rejected a non-binding acquisition proposal from US retailer GameStop. Following a comprehensive review conducted with financial and legal advisors, the board determined that the offer did not align with the long-term interests of the company or its shareholders. In a formal...

FeaturedMember

Business

Under Armour revenue falls to five billion dollars amid strategic reset

US sportswear group Under Armour has announced its financial results for the fourth quarter and full fiscal year 2026, ending March 31, 2026. The Baltimore-based company reported a total annual revenue of 5 billion dollars, representing a 4 percent decline compared to the previous year, or a 5 percent decrease on a constant currency basis. The...

Member

Business

Armani brings its residential business to Marbella with Rafa Nadal and Matutes

The Armani Group announced on Monday the launch of Armani Residences Marbella, its first residential project in Spain. The venture is a partnership with Sierra Blanca Estates and Palya Invest, the firm led by athlete Rafael Nadal and Abel Matutes, a Spanish entrepreneur and former politician with long-standing ties to the tourism and hotel...

Member

Business

Victoria’s Secret ups defence against activist investor campaign

Lingerie giant Victoria’s Secret & Co. has upped efforts to defend its board and leadership strategy against activist investor Brett Blundy, who is continuing a campaign for greater influence over the business. The company filed a supplement to its proxy statement and issued a public letter to shareholders ahead of its June 11 annual meeting,...

Member

Business

Waste colonialism in the second-hand clothing trade: findings from Fashion for Good's research

Fashion for Good is publishing the initial results of Project Rewear, which was launched in 2024 to analyse second-hand clothing streams, with a view to viable recycling and resale. The non-profit was founded in 2017 with support from the Laudes Foundation (formerly the C&A Foundation). It now collaborates with fashion partners such as Adidas...

Member

Business

Kitri to cease trading after nine years of business

London-based independent fashion brand Kitri, founded by Haeni Kim in 2017, has announced on social media that she is closing the womenswear brand that became known for its limited-run, vintage-inspired fashion, often with bold colours and playful details. On Instagram, the brand said that it would be closing its doors in the coming weeks, and...

Member

Business

On raises profit forecast after record quarter

Swiss sportswear provider On Holding AG (On) has continued its growth trajectory in the first quarter of the 2026 financial year. On Tuesday, the company announced record sales and raised its profit forecast. In the period from January to March, sales amounted to 831.9 million Swiss francs (1,065.3 million dollars). This represents an increase...

FeaturedMember

Business

The great logistics pivot: How Mexico and Vietnam are reshaping global trade

The global textile and garment industry is currently undergoing its most significant structural transformation in decades, driven by a combination of geopolitical friction and logistical instability. As the US continues its rigorous review of Section 301 tariffs on Chinese imports, the traditional “Made in China” model is being systematically...

Member

Business

Authentic Brands Group reportedly eyeing up Lee Jeans sale

Authentic Brands Group, the intellectual property company that owns brands from Reebok and Champion, to Guess, Forever 21, and Herve Leger, is reportedly in discussions with Kontoor Brands Inc. to purchase Lee Jeans. Sources at WWD reported that Authentic Brands Group has been in exclusive talks to purchase Lee Jeans, but noted that a deal still...

Member

Business

Under Armour partners with Persona AI on humanoid robotics materials research

Sportswear giant Under Armour has entered a research and development collaboration with Persona AI to explore how advanced performance materials can support humanoid robots operating in industrial environments. The partnership will focus on robots designed for physically demanding and high-risk settings, including welding, heavy manufacturing,...

Member

Business

Tapestry secures AI patent for decision-making platform Mira

Tapestry has been awarded a US patent for Mira, an internal AI platform designed to connect data across the business and support faster decision-making across its brands, including Coach and Kate Spade New York. The patent covers the core architecture of the platform and marks Tapestry’s first AI-related patent and second technology patent...

Member

Business

Delta Galil achieves Q1 sales growth of 15 percent driven by US market

Israeli apparel manufacturer Delta Galil Industries has announced strong financial results for the first quarter ended March 31, 2026. The group, which produces intimate apparel, activewear, loungewear, and denim, saw sales growth across all business segments and geographic regions. Record revenue driven by US market expansion First quarter...