Latest Articles in Business

Quiz to shutter all remaining stores over the weekend

After an extended period of uncertainty, it appears that Quiz is finally closing its entire retail network. According to Drapers, the fashion retailer will be shutting its remaining 20 stores by the end of June 20. The media outlet said the closures will impact Quiz’s locations in Merry Hill, Sheffield, Derby, Newtownabbey, Stirling, Portsmouth,...

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Heat stress: the very real supply chain risk the fashion industry can no longer ignore

The temperature is 35 degrees celsius but feels like 40 degrees due to the humidity. The air is stifling, the garment dust making it hard to breathe. The old ceiling fan is creaking and full of dust too, barely cooling the air. Workers, used to not drinking too much to avoid frequent bathroom breaks, sip on water spiked with electrolytes but...

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Hollister ventures into homeware in Target collaboration

Hollister is venturing into the home and decor category as part of a collaborative collection with Target. The US lifestyle label has designed a line for college dorm rooms or bedrooms, marking an expansion beyond apparel alone to cater to evolving consumer needs. The first drop, set to launch June 28, includes nearly 60 pieces across men’s and...

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Deckers loses infringement lawsuit against Quince over Ugg ‘dupes’

Deckers Outdoor Corp has lost a high-profile lawsuit against Quince over look-alike iterations of Uggs’ Australian shearling boots. A federal jury in California found that while Quince’s boots may have infringed on Deckers’ design patent, the patent itself was invalid due to functional, indefinite, and obvious design characteristics. Deckers had...

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Decathlon grants 2,000 euros worth of free shares to global employees

Sportswear retail giant Decathlon is doubling down on its employee ownership model by introducing a new scheme that grants eligible employees 2,000 euros in free shares or asset incentives. Dubbed ‘The Decathlon Seed’, the initiative intends to “reflect the diversity of the group while maintaining a shared principle of fairness and value sharing...

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Pitti: Original Penguin unveils accessible luxury pivot and European expansion plans

Original Penguin is venturing in a new direction. Under brand director Laura Colagrande, the US lifestyle brand is moving towards the accessible luxury sector for its spring/summer 2027 collection, which was unveiled for the first time at Pitti Uomo. At the Florentine menswear fair, the label is housed in both a showroom and outdoor deck, where...

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Dr. Martens CEO snaps up 85,600 pounds in shares following return to profit

The chief executive officer of Dr. Martens, Ije Nwokorie, has purchased around 85,600 pounds worth of shares in the footwear specialist, signalling a boost in confidence after the company reported a growth in profit for the fiscal year 2026. A London Stock Exchange filing showed Nwokorie had snapped up 112,500 ordinary shares at a price of 0.761...

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Matalan narrows annual losses, boosts revenue amid strategic transformation

British retail giant Matalan has narrowed its annual losses and achieved a slight increase in total revenue for the full year, driven by its ongoing strategic transformation, improvements in its product ranges, and strong online performance. For the 53 weeks ended 28 February 2026, total statutory revenues rose by 0.2 percent to 987 million...

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American Exchange Group partners with WSG Brands on Allbirds acquisition

American Exchange Group (AEG) has announced a new partnership with WSG Brands in finalising the acquisition of Allbirds. The group, which revealed plans to acquire the US footwear brand in March, said it would split ownership and capabilities as part of the deal. While WSG will serve as a key operating and growth partner, AEG will oversee design...

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Ecoalf achieves first annual profit as 2025 revenue reaches 64.8 million euros

Spanish fashion and lifestyle brand Ecoalf, a pioneer in promoting circularity and the use of more sustainable materials and processes within the fashion industry, has reported its results for its latest fiscal year. The company, founded by Javier Goyeneche, completed the 2025 financial year with a positive net profit for the first time....

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Coperni placed in receivership by Paris court

The Paris Commercial Court ordered the opening of receivership proceedings for the company Coperni on June 11, 2026. The observation period will expire on December 11, 2026. The date for the suspension of payments was set for May 29, 2026. Creditors have a two-month period from the publication of the judgment in the BODACC to file their claims...

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DPP readiness: When and how brands and suppliers can get started

The Digital Product Passport (DPP), part of the EU’s Ecodesign for Sustainable Products Regulation (ESPR), will create a standardised system for sharing comprehensive product data, from information about durability and recyclability to recycled content and environmental footprint. “It is emerging as one of the most transformative regulatory and...