Latest Articles in Business

Frasers Group launches takeover bid for Accent Group

UK retail conglomerate Frasers Group plc has announced an unsolicited all-cash on-market takeover offer to acquire all outstanding ordinary shares in Australian performance and lifestyle footwear retailer Accent Group Limited that it does not already own. The offer is set at 0.65 Australian dollars per share, valuing the remaining 77.10 percent...

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El Corte Inglés boosts profits by +22.6 percent to 628 million euros in 2025

Madrid – Spanish department store group El Corte Inglés reported the results for its last fiscal year 2025 on Monday morning. For the period ending February 28, 2026, the company increased its revenues and profits while continuing to reduce its debt. According to information provided by the Spanish company's management, El Corte Inglés (ECI)...

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Fast fashion law: discussions to resume in parliament

Paris - More than two years after a bill to curb the rise of “fast fashion”, epitomised by the giant Shein, was adopted by the National Assembly, its progress will resume in parliament. A highly anticipated meeting has been scheduled for next week. Adopted by MPs in March 2024 and then by the Senate in June 2025, the bill from Horizons MP Anne-C...

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Trump announces definitive peace agreement with Iran and reopening of Hormuz

Madrid – The president of the United States, Donald J. Trump, has announced that the country has reached a definitive peace agreement with the Islamic Republic of Iran. This will put an end to the armed confrontations between the two countries and will allow for the complete, toll-free reopening of the Strait of Hormuz. The treaty will be...

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How to do it: Brands talk about DPP implementation

The digital product passport (DPP) is currently being rolled out under the EU's Ecodesign for Sustainable Products Regulation (ESPR). From 2027, it will be mandatory for priority product groups, including garments and textiles, and will apply to almost all physical goods sold in the EU, regardless of where the manufacturer is located. For...

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The rise of British farm-to-fashion: 3 Companies spearheading the return to local production

In a fashion landscape defined by increasingly complex supply chains and globalised tensions, the UK’s ‘farm to fashion’ movement has emerged as a stabilising presence. Such setups are not exactly new in the way of localisation, yet the format is being revived and modernised alongside a cross-industry call for a return to “Britishness”. Many of...

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Theker robotics closes 85 million dollar funding round, backed by Inditex and the Arnaults (LVMH)

Madrid – Spanish robotics start-up Theker Robotics has confirmed the closing of its latest funding round of 85 million dollars. The emerging company specialises in the design, production and marketing of robots for industrial process automation. The funds were contributed by a diverse group of investors, both old and new. These include the...

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The story behind World Collective and its DPP-Ready Textile Library

“Our goal is to create an ecosystem, not simply a fabric marketplace,” Jeanine Ballone, co-founder and CEO of World Collective explains when asked what her mission is. Ballone launched the digital sourcing platform in 2022 after years of working across what she described as a fragmented and relatively outdated global supply chain. To address...

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Elliott Advisors reportedly joins race for The Very Group

US investment firm Elliott Advisors is believed to have emerged as a potential bidder for The Very Group as it reportedly mulls a deal that could value the UK retailer at two billion pounds. This is according to Sky News, which had also reported in May that Chinese e-commerce giant JD.com was another interested party, eyeing the group as part of...

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LPP Group: Q1 revenue up 10.5 percent despite sales growth miss

Polish fashion retailer LPP Group has reported a 10.5 percent year-over-year (YoY) increase in revenue for the first quarter of 2026, reaching 5.5 billion Polish zloty (1.50 billion dollars). The growth was primarily driven by the ongoing expansion of the brick and mortar retail chain, particularly the Sinsay brand, alongside an increase in...

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China's Pinduoduo, JD.com among 5 summoned over false advertising

Chinese e-commerce giants Pinduoduo and JD.com were among five major platforms summoned on Thursday for talks over misleading advertising, Beijing's market watchdog said. Social media sites Douyin and RedNote, along with Alibaba-owned e-commerce platform Taobao, were also summoned. The talks with company representatives, held by the Beijing...

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80 retail execs back call for government to tackle youth unemployment

Executives from leading UK retailers have called on the government to address policies believed to be making it harder to hire young people. Over 80 business leaders have signed a letter co-ordinated by the British Retail Consortium (BRC) warning that taxes and red tape are pushing up the cost of entry-level jobs. Chief executive officers from...