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OTB Group teams up with Google to launch AI shopping experiences

OTB Group, the parent company of brands including Diesel, Jil Sander, Maison Margiela, Marni, and Viktor&Rolf, is teaming up with Google Cloud to launch a new AI-enhanced and “hyper-personalised” shopping experience using the technology giant’s virtual try-on API. The initiative aims to bridge physical and digital shopping experiences by...

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Lenzing returns to profitability in Q1 2026 after three negative quarters

Austrian fiber producer Lenzing has reported a positive net result for the first quarter of 2026. This marks a financial recovery for the group following three consecutive negative quarters throughout 2025. The group achieved a net profit of 24 million euros (28.24 million dollars) for the period ending March 31, 2026. While this figure is lower...

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JD Sports FY26 sales rise, North America leads growth

British sports fashion powerhouse JD Sports Fashion has reported a resilient performance for the 52 weeks ended January 31, 2026, despite what it described as a tough global industry backdrop. The group achieved total sales of 12.66 billion pounds (17.22 billion dollars), representing an 11.7 percent increase at constant currency and organic...

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RSWM reports return to profitability in turnaround fiscal year

Indian textile manufacturer RSWM Limited (RSWM) has announced its audited financial results for the fourth quarter and full fiscal year ended March 31, 2026. The flagship company of the LNJ Bhilwara Group reported a transition back to profitability, despite a contraction in total revenue. For the full fiscal year 2026 (FY26), the company...

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Fashion CFO Agenda 2026: Building financial resilience through sustainability

While sustainability is increasingly impacting fashion economics, executive attention is paradoxically dropping. A new report, “Fashion CFO Agenda 2026”, argues that sustainability is no longer just a “high visibility” topic but a core financial discipline essential for long-term company resilience. It has been co-authored by Global Fashion...

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Fashion-Enter Ltd receives King’s Award for Enterprise in sustainable development

Fashion-Enter Ltd (FEL), a British clothing manufacturer and the organiser of Leicester Made & Regions, has been awarded the King’s Award for Enterprise 2026 in the Sustainable Development category. The award recognises the organisation’s efforts in sustainability integration within fashion manufacturing and education, specifically in the...

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Castore secures 90 million pounds in funding to invest in growth and digital capabilities

Sportswear brand Castore has secured a 90 million pound facility with banking partners as it continues to pursue global expansion and rollout a growth strategy. The company said it would use the funding to facilitate new retail openings across the UK, as well as support growth into the Middle East and Asia. In a statement, Mark Rowan, global...

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Steve Madden reports Q1 sales growth, Kurt Geiger drives performance

Steve Madden has reported an 18 percent increase in revenue for the first quarter of 2026, reaching 653.1 million dollars, supported by growth in direct-to-consumer and contributions from Kurt Geiger. Net income rose to 71.8 million dollars, compared to 40.4 million dollars in the same period last year. However, adjusted net income declined to...

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Carlyle seeks to sell its stake in Spain-based Jeanologia

Madrid – Following its initial investment in the Valencia-based company in early 2019, US investment firm Carlyle has reportedly decided to fully divest from Jeanologia. Carlyle also holds investments in other prominent Spanish and fashion sector companies, such as Codorniu and the Italian brand Golden Goose. Jeanologia specialises in...

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Bestseller invests 3 million dollars in regenerative agriculture in South Africa

Danish fashion conglomerate Bestseller has announced it is investing 3 million US dollars in the Regenerative Fund for Nature to support regenerative agriculture projects in South Africa’s Eastern Cape. The funds will be used to support local sheep farmers and shepherds, aiding them with land regeneration and enhancing overall living conditions...

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Irish watchdog launches investigation into Shein over customer data handling

An Ireland-based watchdog has launched an investigation into Infinite Styles Services Co. Ltd., the Irish arm of Shein, over concerns of its handling of EU customer data. The Data Protection Commission (DPC) has opened the investigation under the Data Protection Act 2018, and has said it will examine how Shein Ireland transfers personal data of...

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Mission for Cotton Productivity: India's strategy to revitalize cotton sector

The Union Cabinet of India, chaired by prime minister Narendra Modi, has sanctioned 5,659.22 crore rupees, approximately 598.8 million dollars, for the Mission for Cotton Productivity (MCP). Running from the financial year 2026–27 to 2030–31, the initiative aims to revitalise the national cotton sector by addressing stagnant growth, quality...