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MySize reports Q1 revenue increase of 62 percent driven by e-commerce and acquisitions

The Israeli fashion technology firm MySize has announced its financial results for the first quarter ended March 31, 2026, revealing a significant increase in turnover and gross margin expansion. The company, which focuses on artificial intelligence (AI) sizing solutions and e-commerce operations, reported that revenue for the first quarter (Q1)...

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Canada Goose posts 13.3 percent revenue increase for fiscal year 2026

Canadian luxury brand Canada Goose has announced its financial results for the fourth quarter and fiscal year ended March 29, 2026, revealing a total annual revenue increase of 13.3 percent to 1.53 billion Canadian dollars (1.11 billion dollars). The performance was bolstered by a strong direct-to-consumer (DTC) showing and an expansion of its...

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LVMH to sell Marc Jacobs to WHP Global and G-III Apparel Group

LVMH has entered into a definitive agreement to sell the Marc Jacobs label to New York-based brand management firm WHP Global. Announced on May 14, 2026, the transaction brings to a close nearly three decades of partnership between the luxury giant and the American designer. As part of the deal, G-III Apparel Group will join WHP Global in...

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Salvatore Ferragamo closes first three months of 2026 with revenues of 209 million euros

Salvatore Ferragamo spa reported total revenues of 209 million euros (243 million dollars) for the first three months of 2026. This represents a decrease of 1.2 percent at constant exchange rates and 5.5 percent at current exchange rates compared to 221 million euros in the first quarter of 2025. Consolidated net sales from the...

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Burberry returns to profit as William Jackson named new chair

UK luxury brand Burberry has reached a meaningful inflection point in its financial recovery, reporting a return to profitable comparable store sales growth for the 52 weeks ended March 28, 2026. The results coincide with the announcement that Gerry Murphy will retire as chair in November 2026, to be succeeded by Bridgepoint Group founder...

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FHCM and CNMI publish an environmental, social and governance framework for suppliers

The Fédération de la Haute Couture et de la Mode (FHCM) and the Camera Nazionale della Moda Italiana (CNMI) have announced a joint Environmental, Social and Governance (ESG) harmonisation framework for fashion and luxury suppliers. The objective of this French-Italian initiative between the FHCM and the CNMI, launched in 2024, is to reduce the...

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Fossil Group Q1: operating income up, net sales down

US accessories company Fossil Group has reported its financial results for the first quarter ended April 10, 2026, revealing an improved operating performance despite a slight contraction in net sales. The group achieved an operating income of 12 million dollars, a significant recovery from the 6.70 million dollar loss recorded during the same...

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Noppies' parent company turnover exceeds 500 million Danish krone

The Denmark-based childrenswear company Brands4kids (B4K) has reported record turnover in the 2025 financial year. Despite a challenging market climate and global economic turbulence, the organisation managed to increase its turnover to 520 million Danish krone. This result marks a 15 percent increase compared to the previous year. Following a...

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Alibaba: AI bet erodes profits

Beijing - Chinese e-commerce giant Alibaba Group Holding Limited (Alibaba) announced on Wednesday an 18 percent drop in its annual net profit. The results were weighed down by a price war in China and ambitious investments in artificial intelligence (AI). The Hangzhou-based group (eastern China) operates some of China's largest online shopping...

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Growth across all categories and regions drives Asics Q1 performance

Japanese sportswear company Asics has achieved record financial results for the first quarter and the three months ended March 31, 2026. Net sales increased by 29.7 percent year-over-year (YoY) to reach 270.20 billion yen (1.71 billion dollars). The growth was observed across all categories and regions, with operating profit rising 36.5 percent...

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FatFace expands Zalando partnership into 20 new European markets

British lifestyle retailer FatFace has expanded its partnership with Zalando, launching across 20 additional European markets as part of its international growth strategy. The rollout includes key Western European markets such as France, Spain, Italy and the Netherlands, alongside Central and Eastern European countries including Poland, Romania...

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Birkenstock reports significant profit decline despite sales growth

German footwear provider Birkenstock achieved solid sales growth in the second quarter of the 2025/26 financial year, despite adverse conditions and negative currency effects. However, profit declined significantly. This was revealed in a recent interim report published on Wednesday by its parent company, Birkenstock Holding plc, which is listed...