Latest Articles in Business

Gordon Brothers acquires British accessories brand Radley

Boston-based asset and brand investment firm Gordon Brothers have acquired British heritage brand Radley and all related intellectual property, for an undisclosed amount. In a statement, Gordon Brothers said it will add Radley to its growing fashion and lifestyle portfolio and plans to pursue a growth strategy focused on expanding Radley’s...

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Philippine's sustainable textiles get boost from banana plantations

The recent establishment of the Natural Textile Fiber Innovation Hub (NTFIH) in Benito Soliven, Isabela, represents a significant leap for the Philippine textile industry. By leveraging the region’s vast banana plantations, which cover approximately 1,200 hectares, the Department of Science and Technology (DOST) is transforming agricultural...

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Okaïdi (IDKIDS) announces 290 job cuts and 60 store closures in France

French children's ready-to-wear brand Okaïdi announced a reorganisation plan this Tuesday, May 26. The plan could lead to up to 290 job cuts in France and the closure of 60 stores. This marks a new stage in the restructuring undertaken by the IDKIDS group since it was placed in receivership last February. According to RTL, citing AFP, the plan...

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Alipay introduces artificial intelligence payment infrastructure

Chinese digital platform Alipay has introduced its full-stack artificial intelligence payment solution to partners across various industries, including traditional retailers and technology firms. The company debuted two new services this week, AI Wallet and Token Pay, to support the rapid growth of the agentic commerce ecosystem. The launch...

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Benetton Group reduces losses by over 65 percent in 2025

Benetton's turnaround plan is starting to bear fruit. The company, led by CEO Claudio Sforza, will close 2025 with losses reduced by over 65 percent. Appointed in June 2024, Sforza immediately initiated a plan to revitalise and streamline the company and its distribution network. Following the reorganisation, the sales network of the company,...

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UFC fighter Ilia Topuria invests in Spanish fashion brand MR. AB

Madrid – Madrid-based menswear brand MR. AB has just confirmed that fighter Ilia Topuria, the Ultimate Fighting Championship (UFC) world champion in the featherweight and lightweight divisions, has joined as a new investing partner. This move sees him join the project led and co-founded by Tomás Laso-Argos and Rafael Medina. First teased on...

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The circular luxury challenge: An inside look at Longchamp’s radical CSR journey

French luxury brand Longchamp has attracted attention in recent months with some unconventional sustainability initiatives, such as its collaboration with the French shipping company Neoline, which has built a state-of-the-art sailing cargo ship. In an interview, Adrien Cassegrain, director of transformation and corporate social responsibility...

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Consumer behavior shift: 88 percent check Vinted before new fashion purchases

Market share indicates who is winning today, but not necessarily what is fundamentally changing. The key figure from Vinted's latest impact report stands out as one of these major signals. In 2025, 88 percent of the platform's members reported checking Vinted before considering the purchase of a new item. This finding calls for a complete...

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Egypt and China to develop decarbonised textile city, signalling industrial shift in North Africa

Egypt has announced the development of a fully carbon-neutral industrial textile city in the Port Said governorate, in partnership with Chinese developer Cloud Chain. According to the Egyptian State Information Service, the project is the first of its kind in the MENA (Middle East and North Africa) region and aims to position the country as a...

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Alo Yoga debuts in France with store openings in the Côte d'Azur

The American brand Alo, positioned in the premium sportswear and “wellness lifestyle” segment, is accelerating its European expansion. It is opening its first boutiques in France and launching a series of immersive experiences on the Côte d'Azur. This strategy illustrates the growing convergence between retail, hospitality and brand experiences...

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JD.com eyes The Very Group acquisition for UK expansion, Sky News reports

Chinese e-commerce company JD.com is evaluating a potential 2 billion pound, or 2.70 billion dollars, acquisition of the British online retail platform The Very Group, according to a report by Sky News on May 22, 2026. The move marks the latest initiative by the Beijing-based firm to expand its footprint within the UK digital commerce sector....

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Shein confirms acquisition of majority stake in Everlane

Speculation over Shein's reported acquisition of a majority stake in American clothing brand Everlane has seemingly been confirmed. According to an internal email seen by Vogue Business from Everlane to its employees, it appears the deal is going ahead, corroborating reports of the acquisition that began circulating earlier this month. Shein is...