Latest Articles in Business

Skims enters India through Reliance Brands partnership

Kim Kardashian's Skims is set to embark on a new venture into the Indian market through a partnership with Reliance Brands Limited (RBL), marking the shapewear and lifestyle brand's latest step in its international retail expansion. Under the agreement, RBL will operate Skims across physical stores and digital channels in India, with the brand's...

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Abercrombie reportedly mulling options for China business

US retail giant Abercrombie & Fitch Co. is believed to be exploring strategic options for its China business, including bringing in local partners to support future growth. According to a report by Bloomberg, which cited people familiar with the matter, the fashion retailer is working with an adviser to review its China operations in what could...

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RSWM achieves margin expansion and profit growth in Q1 FY27

Indian textile manufacturer RSWM Limited (RSWM) reported its unaudited financial results for the first quarter ended June 30, 2026. The flagship company of LNJ Bhilwara Group posted revenue from operations of 11.61 billion Indian rupees, representing a 1.7 percent increase quarter-over-quarter. On a year-over-year basis, revenue declined by 0.7...

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Gap Inc. expands GCC presence through Chalhoub Group partnership

US apparel giant Gap Inc. has partnered with Middle East luxury retailer Chalhoub Group to expand Gap, Banana Republic and Athleta across the Gulf Cooperation Council (GCC), with a phased omnichannel rollout beginning later this year. The partnership will launch online stores across the UAE, Saudi Arabia and Kuwait during the second half of...

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Capri Holdings reports revenue decline for first quarter fiscal 2027

US-based fashion group Capri Holdings Limited (Capri) has announced its financial results for the first quarter of fiscal 2027 ended June 27, 2026. The company reported a total revenue of 769 million dollars from continuing operations, representing a 3.5 percent decrease on a reported basis and a 4.1 percent decline in constant currency compared...

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El Corte Inglés reduces emissions, collects over 630 tonnes of textile waste in department stores

Madrid – Spanish department store company El Corte Inglés continued to make solid progress towards its goal of becoming a “Net Zero” company by 2050 during the 2025 financial year. This goal has been approached through a general reduction in its greenhouse gas emissions. The company also continued to enhance the role of its department stores as...

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Manolo Blahnik accelerates DTC strategy as wholesale weighs on 2025 results

Footwear specialist Manolo Blahnik is doubling down on its direct-to-consumer (DTC) strategy after wholesale challenges, particularly linked to Saks Global's bankruptcy, weighed on its 2025 financial performance. According to WWD, the luxury footwear brand reported turnover of 83.5 million euros for the year ended 31 December 2025, down 3...

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Mud Jeans hopes for restart after bankruptcy declaration

Dutch circular denim brand Mud Jeans has been declared bankrupt. CEO Dion Vijgeboom announced this today in a statement on LinkedIn. Vijgeboom writes that the company filed for bankruptcy itself because its debt burden was too heavy. Vijgeboom has been the company's CEO since January. "Today is one of the most difficult days in the history of...

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Lululemon faces California lawsuit over alleged 'phantom discount' pricing

Canadian athleisurewear giant Lululemon has been sued in California over allegations it used misleading reference pricing on products sold through its website. According to Modern Retail, the lawsuit, filed in Los Angeles Superior Court by consumer Annette Cody, claims the activewear retailer displayed "fictitious regular prices" alongside...

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Reliance Retail acquires AI fashion platform Furrl

India-based retail conglomerate Reliance Retail Ventures Limited (RRVL) has acquired the technology assets and intellectual property of Furrl, an artificial intelligence (AI) styling, cataloguing, and fashion discovery platform. The acquisition includes the AI Styling Engine and commerce application of the startup. The transaction forms part of...

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Digital Brands Group initiates review of strategic alternatives to explore potential sale or merger

US apparel conglomerate Digital Brands Group, Inc. (DBG) has announced that it has formally initiated a review of strategic alternatives to explore options to maximize shareholder value. The Austin, Texas-based business operates a portfolio of lifestyle and luxury apparel labels, including Stateside, Sundry, Bailey 44, DSTLD, and AVO Studio. As...

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Safilo Group: sales down 1.9 percent in H1

In the second quarter of 2026, Safilo Group recorded net sales of 239.1 million euros (275.7 million dollars), down 4.5 percent at constant exchange rates. The gross industrial margin was 73.1 percent, up 11.5 percentage points from 61.6 percent. The adjusted EBITDA margin was 20.5 percent, up 9.4 percentage points from 11.1 percent in the same...