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Amazon founder launches AI venture Project Prometheus, signalling potential shifts for retail and fashion

Jeff Bezos is returning to the chief executive role with a new artificial intelligence venture, Project Prometheus, a move that could reshape how technology flows into sectors including retail and fashion. According to The Times, the early-stage company has secured 6.2 billion dollars in initial funding, placing it among the world’s most...

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US Cotton Trust Protocol reports “measurable” environmental gains in 2025

The US Cotton Trust Protocol, the voluntary sustainability programme for US cotton growers and the traceability platform for all US Cotton, has released its 2024/25 annual sustainability report, which reveals that more than 1,500 grower members have achieved “meaningful gains” across all six of its sustainability metrics against a 2015 baseline....

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Amer Sports beats expectations again in third quarter

Finland-based sporting goods group Amer Sports Inc. has once again exceeded market expectations in the third quarter of its 2025 financial year. In light of this surprisingly strong performance, the parent company of brands including Arc’teryx, Salomon, Wilson and Peak Performance raised its annual forecast again on Tuesday. In the three months...

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Stefano Ricci: Turnover exceeds 152 million euros amid global expansion

Italian menswear specialist Stefano Ricci presented its new AW26/27 collection and, in doing so, also provided insights into current plans and the current financial year. Highlights include a new store in Rome, located on Via Bocca di Leone, and a new store in Washington, D.C., the sixth in the US. The brand has also launched a new equestrian...

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Stylein returns to international wholesale: “We had to build our home market first”

Since its founding in New York in 2001, the Swedish label Stylein has evolved from a young idea into an internationally sought-after brand. Founder Elin Alemdar is responsible not only for the design but also for the strategic direction, collection creation and brand communication. Together with partner Ulrika Fohgelberg Nordén, who has shaped...

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Levi’s Strauss doubles down on AI, introduces services for employees, customers and retail

Denim specialist Levi’s Strauss & Co. has revealed it is developing an artificial intelligence (AI) “orchestration platform” intended to automate and simplify workflows throughout the business. The platform, made in partnership with Microsoft, revolves around a “super-agent” that integrates several AI-powered sub-agents deployed across IT, human...

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Belgian Resortecs raises 6 million to scale up

Belgian innovator Resortecs has secured additional funding to scale its Smart Stitch and Smart Disassembly technology across Europe. The company announced in a statement that it has raised 6 million euros. Resortecs is known for its technologies in the textile and recycling industry that simplify the recycling of items. It has developed a...

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Claire's France: two takeover bids approved by court, half of employees retained

The Paris Commercial Court approved two partial takeover bids for the Claire's brand in France on Friday. The company was placed in administration at the end of July, lawyers for the staff representatives told AFP on Monday. The lawyers detailed that around 450 out of 830 employees will be taken on by two companies. The vast majority will be...

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Helen Kirkum to close studio at the end of 2025

British footwear and accessories designer Helen Kirkum, who became known for her pioneering approach to sustainable footwear by creating bespoke shoes from old trainers, has announced she is closing her studio at the end of the year. In a social media post, Kirkum said: “After eight years, Helen Kirkum Studio is coming to a close at the end of...

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Vinted eyes eight billion euro valuation ahead of share sale

Resale platform Vinted is reportedly eyeing an eight billion euro valuation ahead of a planned share sale potentially worth several hundred million euros. According to sources for the Financial Times (FT), the company is believed to be in preliminary discussions regarding the sale of existing shares in a transaction that could kick off next...

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Vinted faces French probe over porn content

Vinted faces an investigation in France over allegations that some accounts on the second-hand clothes platform are being used to promote pornographic content, the government's child protection commissioner said. French news website L'Informé and other media reported last week how some users are posting advertisements for lingerie or swimwear to...

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Maersk secures 30-year lease for Bangladesh's Chattogram container terminal

On Monday, Bangladesh signed a 30-year lease with Danish global shipping giant Maersk to manage a new container terminal in Chattogram (south-east), the country's largest port. Officials from the Chattogram Port Authority stated that APM Terminals, the Maersk subsidiary involved in the project, will invest approximately 550 million dollars over...