Latest Articles in Business

Very Group sale scrapped as bidders decline two billion pound asking price

The potential sale of British online retailer Very Group is reportedly close to being scrapped after prospective buyers declined to meet the two billion pound asking price. According to Sky News, Carlyle Group, which took control of Very following a financial restructuring last year, is expected to remain the retailer’s owner for the foreseeable...

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Victoria's Secret raises forecasts after strong second quarter growth

US lingerie retailer Victoria’s Secret & Co. achieved significant growth in sales and earnings in the second quarter of the 2026/27 financial year. In light of this recent positive development, management raised its full-year forecast on Thursday. In the 13 weeks to August 1, the parent company of the Victoria’s Secret, Pink and Adore Me brands...

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Innovative Eyewear achieves over 1 million dollars in quarterly revenue

US-based smart eyewear developer Innovative Eyewear Incorporated has announced significant business progress for the third quarter of 2026. The Miami-headquartered developer and manufacturer, known for brands such as Lucyd, Lucyd Armor, Reebok, Nautica and Eddie Bauer, recorded record commercial performance alongside a series of retail...

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Lands' End reports Q2 revenue growth and return to profitability

US clothing retailer Lands’ End Inc. increased its revenue and returned to profitability in the second quarter of the 2026/27 financial year, according to an interim report published on Thursday. Group revenue for the 13 weeks to July 31 amounted to 302.0 million US dollars. This represented an increase of 2.7 percent compared to the same...

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Zegna Group's operating profit rises to 74.5 million in H1

Ermenegildo Zegna reported revenues of 987.3 million euros (1.15 billion dollars) in the first half, up 6 percent year-over-year and 9 percent on an organic basis. The direct-to-consumer channel drove the performance with a growth of 12 percent (+16 percent on an organic basis), accounting for 86 percent of the group's brand revenues. Meanwhile,...

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Poundland owner reportedly launches sale process just year after takeover

Poundland’s owner Gordon Brothers has reportedly launched a formal sale process for the budget retailer and is accelerating the search ahead of the Christmas trading period, a report by Sky News has suggested. Alvarez & Marsal (A&M), which was appointed by Gordon Brothers in August, is said to have begun contact prospective buyers, with initial...

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Watches of Switzerland reiterates guidance following stable trading

UK-based retailer Watches of Switzerland Group (WOSG) has reiterated its full-year guidance for financial year 2027 following a period of consistent trading momentum in the 17 weeks to August 30, 2026. The luxury watch and jewellery retailer reported strong demand in the US market, while the UK demonstrated further signs of recovery. Growth...

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ASA upholds complaint against Sports Direct over RRP claim

The UK’s Advertising Standards Authority (ASA) has upheld a complaint against Sports Direct over the use of a recommended retail price (RRP), as the retailer's parent company Frasers Group continues to challenge the regulator’s approach to price comparisons. The ruling relates to a Puma Women’s Zipped Baselayer Top advertised on the Sports...

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PVH maintains full-year forecast despite second-quarter loss

US apparel group PVH Corporation reported an expected decline in revenue in the second quarter of the 2026/27 financial year. The company also slipped into the red due to high one-off charges. The results, published on Wednesday evening, gave management no reason to change its full-year forecast. In the most recent quarter, which ended on August...

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Gildan under investigation for alleged securities fraud

Canadian apparel manufacturer Gildan Activewear (Gildan) is under investigation for potential securities fraud following allegations of channel stuffing that led to a sharp decline in its share price. Securities litigation firm Bleichmar Fonti & Auld (BFA) initiated the inquiry to determine whether Gildan misled market participants regarding its...

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G-III Q2 net income rises despite sales decline

US fashion group G-III Apparel Group (G-III) has reported its financial results for the second quarter of fiscal year 2027 ended July 31, 2026 with net sales decrease of 10 percent to 554.1 million dollars. Despite the decline in revenue, net income for the quarter reached 20.2 million dollars, or 0.46 dollars per diluted share, up from 10.9...

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Azzas 2154 seals agreement to separate Arezzo&Co and Soma

Following refuted speculation about disagreements between partners Alexandre Birman and Roberto Jatahy, the Brazilian conglomerate Azzas 2154 Group announced an agreement for a corporate reorganisation on September 2. The official statement confirms the separation of both companies. “The Reorganisation aims to segregate the current businesses of...