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Italy sweatshop probe snares more luxury brands

Italian prosecutors on Thursday named Gucci, Prada, Versace and Yves Saint Laurent as among 13 luxury brands suspected of using subcontractors who exploited migrant workers in Italy, as part of a growing investigation into sweatshop conditions. Milan prosecutor Paolo Storari issued requests for information about alleged abuses by the brands,...

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Watches of Switzerland delivers H1 revenues increase of 10 percent

The Watches of Switzerland Group PLC announced a strong first-half performance for fiscal year 2026, delivering 10 percent growth in Group revenue at constant currency to 845 million pounds, with statutory profit before tax surging 50 percent to 61 million pounds. The primary engine of this growth was the robust U.S. market, where revenue jumped...

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Yoox redundancies significantly reduced following MIMIT agreement

The collective redundancy procedure affecting Yoox employees has been withdrawn after an agreement reached at Italy’s Ministry of Enterprise and Made in Italy (MIMIT), substantially lowering the number of job losses. The settlement has reduced the planned structural redundancies by approximately 70 positions, marking a major improvement over the...

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Capri's post-Versace reset: Michael Kors preps 'modern glamour' revival

Capri Holdings officially offloaded Versace this week, marking a “seminal moment” for a company now seeking to reset and refocus. The US fashion giant has maintained its stance that the divestiture is not a retreat, but a liquidity-backed strategic reboot, positioning Michael Kors as its growth engine. Capri’s outlook post-Versace sale was...

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PVH exceeds third quarter expectations despite profit decline

US fashion group PVH Corporation (PVH Corp) exceeded management targets in the third quarter of the 2025/26 financial year. Consequently, the parent company of Calvin Klein and Tommy Hilfiger adjusted its annual forecasts on Wednesday evening. In the latest quarter, which ended on November 2, group revenue reached approximately 2.29 billion...

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Alpha Modus sues H&M for patent infringement

US company Alpha Modus, specialising in the development of technologies for the retail industry, continues its fierce battle for the protection of its industrial and intellectual property. On this occasion, it has filed a lawsuit against Swedish fashion multinational H&M Group. It comes to light following the lawsuit filed against Spanish...

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Republic Brands Group acquires Joie, Equipment and Current/Elliott

American brand management company Republic Brands Group, which owns and licenses brands in the luxury, fashion, sports, entertainment, beauty and wellness sectors, has acquired fashion brands Joie, Equipment and Current/Elliott, for an undisclosed sum. In a statement, Republic Brands Group said the trio of fashion brands, valued at 36 million US...

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New strategy: Hugo Boss focuses on efficiency and womenswear

Metzingen-based fashion group Hugo Boss AG is driving its reform efforts forward. On Tuesday evening, the company announced a new medium-term programme called “Claim 5 Touchdown”. It continues the “Claim 5” strategy launched by CEO Daniel Grieder after taking office in summer 2021. “Claim 5 was a growth strategy. It was about refreshing the...

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Poland bans fur farming as Europe fast becomes a fur-free zone

Poland, the world’s second-largest fur producer, has banned fur farming, as the president, Karol Nawrocki, amended the Animal Protection Act, approving an eight-year phase-out of the country’s fur farming operations. The move effectively marks the beginning of the end for the European fur trade, as Poland becomes the latest European country to...

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Inditex revives growth as net profit jumps 8.9 percent

Madrid – Inditex group, the owner of fashion brands including Zara, Bershka, Massimo Dutti, Pull&Bear and Oysho, has reported its results for the third quarter of the 2025 fiscal year. During the three-month period ending October 31, the company managed to revive growth to the highest rate of the current financial year despite the ongoing impact...

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Inditex clothing reappears in Russia: permissiveness, stock mismanagement or smuggling?

Madrid – The Spanish fashion multinational is set to present the results for the third quarter of its current 2025 fiscal year this Wednesday, December 3. However, a negative news story regarding both image and operational implications has taken centre stage. This concerns the sale of garments from its Zara, Oysho, Pull&Bear, Bershka,...

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Chinese smart glasses firms eye overseas conquest

In China, AI glasses let the wearer pay in shops with just a glance at a QR code and a voice command, as a growing number of companies look to conquer both growing domestic and overseas markets. Interest in smart eyewear is soaring worldwide after more than a decade of stalled promise, with advances in artificial intelligence sparking a fresh...