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Meta plans 10 percent layoffs as AI spending soars: source

Meta plans to cut a tenth of its workforce, looking for productivity gains from its remaining workers as it invests heavily in artificial intelligence. Meta will lay off about 8,000 employees and leave thousands of other positions unfilled next month, a source told AFP. The move comes as co-founder and chief executive Mark Zuckerberg makes a...

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Remembering Rana Plaza: Bangladesh has changed, the narrative has not

Today, the fashion industry remembers Rana Plaza. It should. On 24 April 2013, 1,134 people were killed in the deadliest disaster the garment industry has ever seen. Rana Plaza was not simply a building collapse. It was a moral collapse across global supply chains, exposing what happens when speed, low cost and distance from risk are allowed to...

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‘Loi Violland’, France's anti-fast fashion law: Brussels hits the brakes again

France's ambitious ‘anti-fast-fashion law’ (Loi Violland) is in limbo. Although the French Senate approved the law in 2025, the European Commission (EC), which had already raised objections last September, vetoed it again in April. Brussels argues that the law disrupts the principles of the European single market and is discriminatory, as stated...

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Zalando consolidates partnership models – Connected Retail to be discontinued

Zalando is consolidating its partner models and, in line with this, is discontinuing its Connected Retail programme. The Berlin-based e-commerce company confirmed the move to FashionUnited, following an initial report by trade publication Schuhkurier. The Connected Retail technology is set to be discontinued by June 30, 2027. In a statement...

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"Made in China" hopes for improvement with Trump visit

Canton - In the heat of a vast wholesale market in southern China, surrounded by clothing and footwear, traders are hoping that Donald Trump's announced visit will ease the American tariffs penalising their exports. Manufacturers and factories in Guangdong province, the country's manufacturing heartland, have borne the full brunt of the White...

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EssilorLuxottica Q1 Revenues Up 10.8 percent

EssilorLuxottica on Wednesday announced that consolidated revenue for the first quarter of 2026 reached 7,127 million euros, representing a year-on-year increase of 10.8 percent at constant exchange rates compared to 6,848 million euros in the first quarter of 2025. Revenue grew 4.1 percent at current exchange rates. Professional Solutions...

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Euratex: European textile and clothing industry contracts for third consecutive year

The European textile and clothing industry contracted for the third consecutive year in the 2025 financial year, according to the annual report from industry association Euratex. The report documents a continued decline in production, employment and confidence within the sector. The report shows that production volumes fell further in 2025....

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Helly Hansen chooses Paseo de Gracia for its new southern European headquarters

The Norwegian company Helly Hansen has relocated its Southern European headquarters to the centre of Barcelona, establishing a new base on Paseo de Gracia. Previously, the company operated from Sant Quirze del Vallès, on the city's outskirts. According to a report by the trade publication Turiski, the move is part of a new phase of consolidation...

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Under Armour joins US Cotton Trust Protocol

Under Armour has joined the US Cotton Trust Protocol, taking a step forward in efforts to improve transparency and responsibility in cotton sourcing. Through the membership, the sportswear brand will gain access to verified, field-level data on key environmental metrics, including water use, greenhouse gas emissions, soil health and land use....

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Innovative Eyewear reports record sales growth for first quarter 2026

US-based smart eyewear developer Innovative Eyewear has announced preliminary unaudited sales results for the first quarter ended March 31, 2026. The company, which manufactures products under the Lucyd, Reebok, Nautica, and Eddie Bauer brands, achieved preliminary first quarter (Q1) sales of approximately 0.81 million dollars. This figure...

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Ski: Rossignol capitalises on strong winter to boost sales

Paris, France – April 22, 2026 (AFP) – Ski equipment manufacturer Rossignol has improved its sales for the 2025/2026 season, following two difficult winters. The brand announced on Wednesday that the increase was due to strong visitor numbers at ski resorts. For its financial year ending March 31, the French group achieved a turnover of 346...

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Sperry continues relaunch with European distribution partnership

Footwear label Sperry is continuing its relaunch in Europe through a new partnership with Dubois, which has been appointed as the “regional engine” by the US brand’s parent company Authentic Brands Group. Following a “high-impact” return to the UK and Ireland markets, Sperry has now set its sights on mainland Europe, specifically the Benelux and...