Latest Articles in Business

Authentic establishes operating partner network for Guess in US and Canada

Authentic Brands Group is moving into the next phase of its growth strategy for Guess with the appointment of operating partners in the US and Canada, seeing it expand into new categories, such as homeware. Centric Brands LLC has been tasked with overseeing children’s apparel, sleepwear and accessories alongside men’s sleepwear, underwear, and...

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French kidswear specialist Okaïdi exits administration

Lille - French kidswear retailer Okaïdi has exited administration after a court approved a recovery plan that has resulted in the loss of 244 jobs and the closure of 57 stores in France, the company announced on Tuesday. The brand has also ceased trading outside France, shutting 25 stores in Poland, 17 in Germany and two in Portugal, it told...

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VF Corporation raises revenue forecast after solid first quarter

The US apparel group VF Corporation (VF Corp) experienced a decline in revenue in the first quarter of the 2026/27 fiscal year, but it managed to exceed expectations. The parent company of brands such as The North Face, Vans and Timberland subsequently raised its full-year revenue forecast on Wednesday. In the three months to June 27, group...

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How the new ILO Convention 193 benefits digital platform workers within the fashion industry

Millions of workers worldwide are employed by the digital platform economy, that is economic and social activities conducted on online platforms that connect directly with consumers. According to research by the Harvard Kennedy School, this could be between 154 million and 435 million people, depending on how broadly gig work, ride-hailing,...

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Bally seized; unions demand clear answers

The future of Swiss brand Bally, owned by American fund Regent Lp, looks bleak. According to reports from Ticino online, citing LaRegione, the brand has now been seized by the bankruptcy office. This follows the Lugano court's decision to block its sale to Aare Llc, a US company established last May. The Swiss press reports that these actions...

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Shein under investigation by US watchdog amid Hong Kong IPO process

Shein has confirmed that it is under investigation by US regulators under the Federal Trade Commission (FTC) as it continues to pursue an IPO listing on the Hong Kong Stock Exchange. The Chinese fast fashion giant disclosed the development, which impacts its US business, in a regulatory report filed in connection with its planned IPO, however...

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Hermès boosts half-year sales thanks to second-quarter upswing

French luxury goods group Hermès slightly increased its sales in the first half of the 2026 financial year, exceeding market expectations despite negative currency effects. Its profit remained almost unchanged year-over-year, according to the latest figures released by the company on Wednesday. Group sales for the months of January to June...

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AI glasses help propel EssilorLuxottica sales growth

Sales of AI-enabled eyeglasses, which have nearly doubled since last year, helped EssilorLuxottica accelerate second-quarter growth, the world's largest maker of eyeglasses reported Tuesday. Second quarter sales rose 7.2 percent in the three months to June to 7.7 billion euros (8.8 billion dollars). "AI glasses confirmed their exponential...

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Kering: how Luca de Meo's financial overhaul is giving the luxury group breathing room and time

3.3 billion euros. In a word, as in a number, is Kering's financial trajectory finally changing? By reducing its debt by 4.7 billion euros in just six months, the world's number two luxury group has secured what it needed most: time and capital to complete its turnaround. Presented on July 28, 2026, the half-year results show revenue of 7.22...

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SMCP records strong profitability in H1 driven by strict full-price strategy

French fashion group SMCP announced its consolidated financial results for the first half ended June 30, 2026. The Paris-based parent company of Sandro, Maje, Claudie Pierlot, and Fursac recorded net sales of 597 million euros (680.7 million dollars), representing an organic growth of 0.6 percent compared to 601.10 million euros in the...

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Frasers Group builds 4.16 percent exposure in Burberry

UK retail conglomerate Frasers Group has disclosed a 4.16 percent exposure in luxury fashion label Burberry Group plc (Burberry), according to a regulatory filing released by the London-based company on July 28, 2026. The FTSE 250 retail business, controlled by billionaire Mike Ashley, has steadily expanded its financial position in the luxury...

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How new AI disclosure laws are reshaping fashion advertising

For fashion brands, the question of whether to label AI-generated imagery has stopped being a matter of principle and become a matter of law. In the U.S., New York’s Synthetic Performer Disclosure Law took effect on June 9, requiring any advertisement featuring a “synthetic performer” to include a clear and conspicuous disclosure within the...