Latest Articles in Business

AAFA calls for transparency in Canada's Forced Labour Ban proposals

The American Apparel & Footwear Association (AAFA) has called for greater transparency and due process as Canada moves to strengthen its ban on goods produced with forced labour. The US trade association, which represents more than 1,100 apparel, footwear and sewn product companies, submitted comments to Global Affairs Canada on August 21 on the...

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Esprit Holdings slips into red in first half

Brand licensor Esprit Holdings has reported a net loss of 87.74 million Hong Kong dollars in the first half, following a small profit in the same period last year. Revenue from continuing operations increased from 6.6 to 14.92 million Hong Kong dollars, a rise of 126 percent. This was stated in the interim results announcement published by the...

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Frasers calls on ASA to reconsider RRP approach

British retail giant Frasers Group has called on the UK’s Advertising Standards Authority (ASA) to reconsider its approach to recommended retail prices (RRPs), arguing that current guidance risks creating unnecessary barriers to price competition. In a letter dated August 28, Frasers chief financial officer Chris Wootton said the group believed...

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Media report: 109 lawsuits filed against Zalando dismissals in Erfurt

Numerous employees are taking legal action against the dismissals at the Zalando logistics centre in Erfurt. A total of 109 lawsuits have been filed against the online retailer at the Erfurt Labour Court in recent weeks, reported the public broadcaster Mitteldeutscher Rundfunk (MDR), citing a court spokesperson. The lawsuits are primarily...

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Clean Clothes Campaign questions who benefits from the billions in tariff refunds

The Clean Clothes Campaign (CCC) is calling on apparel brands to publicly disclose what they have received in US tariff refunds and urging them to give a fair share to the suppliers and workers who absorbed the cost. The organisation, a global network of trade unions and NGOs working to improve conditions in the garment industry, notes that the...

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EssilorLuxottica initiates share buyback program

EssilorLuxottica SA (ESLOY.PK, ESLOF.PK, EL.PA, ESL.DE), an Italian manufacturer of optical lenses, Friday said that it has launched a share buyback program. The company said that as per the share buyback program, it has mandated an investment services provider to purchase up to 5 million EssilorLuxottica shares. This move, the company said, is...

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Old Navy appoints new CEO as Gap addresses underperformance in Q2

US specialty apparel giant Gap Inc. announced its second quarter financial results for the period ended August 1, 2026. The company experienced a top-line decline, with net sales decreasing 2 percent year-over-year (YoY) to 3.7 billion dollars, while comparable sales dropped 1 percent. Store sales fell 3 percent compared to the prior year across...

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Inside Gary Champion's plan to keep Clarks comfortable and relevant

"You shouldn't have to choose between looking good and feeling comfortable," Gary Champion, president of Clarks America, told FashionUnited. The idea seems fitting for a company that spent over two centuries selling comfort footwear, without compromising on style. Founded in 1825 by Quaker brothers Cyrus and James Clark in England, Clarks has...

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Authentic acquires Drake’s OVO, VNCE to lead global expansion

Authentic Brands Group has snapped up a majority stake in October’s Very Own (OVO, the lifestyle brand founded by rapper Drake. The deal will also see involvement from Vince Holding Corp. (VNCE), which will serve as the core apparel and retail licensee in the deal. As part of the transaction, Authentic will own 51 percent of the business under a...

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Spinnova seeks dual listing on Nasdaq capital market

Finnish materials technology company Spinnova has publicly filed a registration statement on Form F-1 with the US Securities and Exchange Commission (SEC). The filing relates to a proposed initial public offering (IPO) of equity securities in the US and a dual listing on the Nasdaq Capital Market. The announcement follows a previous disclosure...

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Ami Paris bets on childrenswear to unlock the next growth chapter

Ami Paris has launched its first childrenswear line, Ami Kids, extending the brand's signature Ami de Cœur heart emblem into a new category as the Sequoia Capital-backed Paris label looks for its next growth lever after several years of rapid expansion. Ami Paris launches Ami Kids Credits: Ami Paris The collection is a wardrobe of unisex...

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Lenzing to issue new shares in 300 million euro capital increase

Austrian fiber manufacturer Lenzing has announced that its Extraordinary General Meeting (EGM), held on August 25, 2026, approved an increase in share capital while preserving the statutory subscription rights of existing shareholders. The measure is designed to strengthen the balance sheet structure of the company and finance the execution of...