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Tapestry raises full-year guidance following robust Q3 results

US luxury group Tapestry, the parent company of Coach and Kate Spade New York, reported a significant increase in revenue and earnings for the fiscal third quarter ended March 28, 2026. The group achieved double-digit growth across its core brands, bolstered by a 21 percent increase in net sales to 1.92 billion dollars. The performance has led...

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Kontoor Brands reports strong first-quarter growth and announces separation from Lee

US apparel group Kontoor Brands Inc. has started the new 2026 financial year with surprisingly strong results. Alongside the latest figures, the group also announced on Thursday its plan to separate from the Lee brand. Several parties have already expressed interest in the denim label as part of the sales process already initiated, according to...

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Farfetch launches premium service offering faster delivery and elevated touchpoints

Luxury platform Farfetch has introduced a new premium service designed to elevate the customer experience through immersive brand pages and faster delivery. ‘Farfetch First’ is initially launching across Europe, including in the UK, Germany, France, Italy, and Switzerland, with a phased global rollout due to follow. The service offers users a...

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European Anti-Fraud Office unmasks major textile smuggling ring

In a decisive blow to the European “grey market,” the European Anti-Fraud Office (OLAF) confirmed on 6th May 2026 the successful conclusion of a coordinated strike against a sophisticated smuggling network. Working in tandem with Polish and Spanish customs officials, OLAF investigators intercepted a rail corridor originating in China that was...

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Lectra reports lower Q1 revenue but anticipates a rebound in the second quarter

Lectra, a specialist in technological solutions for the fashion industry, unveiled its financial results for the first quarter of 2026 at the end of April. The company reported a decline in revenue amidst an unstable global macroeconomic climate. This was partially offset by the strength of its software subscriptions. Revenue impacted by trade...

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OTB Group teams up with Google to launch AI shopping experiences

OTB Group, the parent company of brands including Diesel, Jil Sander, Maison Margiela, Marni, and Viktor&Rolf, is teaming up with Google Cloud to launch a new AI-enhanced and “hyper-personalised” shopping experience using the technology giant’s virtual try-on API. The initiative aims to bridge physical and digital shopping experiences by...

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Lenzing returns to profitability in Q1 2026 after three negative quarters

Austrian fiber producer Lenzing has reported a positive net result for the first quarter of 2026. This marks a financial recovery for the group following three consecutive negative quarters throughout 2025. The group achieved a net profit of 24 million euros (28.24 million dollars) for the period ending March 31, 2026. While this figure is lower...

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JD Sports FY26 sales rise, North America leads growth

British sports fashion powerhouse JD Sports Fashion has reported a resilient performance for the 52 weeks ended January 31, 2026, despite what it described as a tough global industry backdrop. The group achieved total sales of 12.66 billion pounds (17.22 billion dollars), representing an 11.7 percent increase at constant currency and organic...

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RSWM reports return to profitability in turnaround fiscal year

Indian textile manufacturer RSWM Limited (RSWM) has announced its audited financial results for the fourth quarter and full fiscal year ended March 31, 2026. The flagship company of the LNJ Bhilwara Group reported a transition back to profitability, despite a contraction in total revenue. For the full fiscal year 2026 (FY26), the company...

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Fashion CFO Agenda 2026: Building financial resilience through sustainability

While sustainability is increasingly impacting fashion economics, executive attention is paradoxically dropping. A new report, “Fashion CFO Agenda 2026”, argues that sustainability is no longer just a “high visibility” topic but a core financial discipline essential for long-term company resilience. It has been co-authored by Global Fashion...

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Fashion-Enter Ltd receives King’s Award for Enterprise in sustainable development

Fashion-Enter Ltd (FEL), a British clothing manufacturer and the organiser of Leicester Made & Regions, has been awarded the King’s Award for Enterprise 2026 in the Sustainable Development category. The award recognises the organisation’s efforts in sustainability integration within fashion manufacturing and education, specifically in the...

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Castore secures 90 million pounds in funding to invest in growth and digital capabilities

Sportswear brand Castore has secured a 90 million pound facility with banking partners as it continues to pursue global expansion and rollout a growth strategy. The company said it would use the funding to facilitate new retail openings across the UK, as well as support growth into the Middle East and Asia. In a statement, Mark Rowan, global...