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Russell & Bromley losses amounted to 12.1 million pounds ahead of administration

A new report by the administrators of Russell & Bromley has detailed the extent of the footwear brand’s distress ahead of its descent into administration. According to the filing made with the UK’s Companies House, the brand’s EBITDA loss amounted to 12.1 million pounds in the 11 months to November 2025, widening from seven million pounds in the...

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DDP prepares for its relaunch with Dutexdor group

The Dutexdor Group announced on Monday, February 16, 2026, a strategic partnership to relaunch the iconic French brand DDP through an exclusive licensing agreement. This collaboration aims to revitalize the cult 1990s label by expanding its footprint across France and Europe with comprehensive apparel, accessory, and luggage collections for men,...

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The Very Group owner injects 150 million pounds into the business

The Very Group, acquired by global investment firm Carlyle in November 2025, has completed a long-term funding deal to extend and renew debt facilities, to position the retail group “for the next stage of its growth”. Owners Carlyle have injected 150 million pounds in financial support into debt-laden The Very Group, which includes digital...

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Debenhams partners with PayPal on AI shopping assistance

Debenhams Group is accelerating its adoption of artificial intelligence (AI) through a new partnership with PayPal. The payment provider will be working with Debenhams on implementing an AI-powered shopping assistant that will allow customers to receive personalised recommendations and check out all through PayPal’s app. Through the partnership,...

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Inditex shares reach new all-time high amid strategic buyback and super bowl visibility

Madrid – Inditex shares experienced a volatile yet ultimately positive trajectory in early 2026, culminating in a historic week driven by strategic financial moves and a landmark cultural moment at the Super Bowl. New all-time high: Inditex hits 58 euros per share After an initial record-breaking start to the year in January, Inditex shares...

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Circulose reopens Sundsvall factory following strategic restructuring

Swedish textile innovator Circulose has announced the restart of its commercial-scale production plant in Ortviken, Sundsvall. The facility, which is the world’s first industrial-scale chemical textile recycling plant, is scheduled to resume the manufacture of its signature recycled pulp in the fourth quarter of 2026. The restart follows a...

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Indian women-led trade mission concludes UK visit following landmark agreement

A delegation of 13 women-led Indian enterprises has concluded a trade mission to the UK, marking a significant milestone in the implementation of the bilateral Comprehensive Economic and Trade Agreement (CETA) signed on July 24, 2025. The mission, focused on the textiles and agrifood sectors, is the first women-centric initiative since the...

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UK MPs debate onshoring amid push for local production: What to know

On Thursday, MPs took to Westminster Hall to debate the case for onshoring in the UK fashion and textiles industry, zoning in on how domestic manufacturing could support economic growth, strengthen supply chain resilience and improve labour and environmental standards. Speakers from across parties explored the balance between cost...

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Fashion’s best kept secret: home-based workers

They trim loose threads, stitch buttons, zippers and hooks and hem garments; they embroider and embellish with beads and sequins; they hand-paint fabrics, knot tassels and fold garments into polybags for shipment; they even do edge-painting or decorative stitching for accessories. There is hardly a supply chain in the textile, garment and...

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In 'an uncertain world', luxury groups wary of 2026

Paris (France) - Following a "turbulent" 2025 and in "an uncertain world", caution is the watchword for 2026 in the luxury sector, where major French groups have published mixed results. "The past year was 'turbulent economically and geopolitically (...) and 2026 will not be very simple either, but one thing at a time'," stated Bernard Arnault,...

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Reju selects Lacq for new French Regeneration Hub

Textile-to-textile regeneration firm Reju has confirmed the location of its new industrial sized Regeneration Hub. Lacq, in the French Pyrénées-Atlantiques, has been selected for the site, which will be located on the Induslacq platform, owned by multi-energy firm TotalEnergies. The project remains subject to a final investment decision by the...

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L'Oréal net profit drops 4.4 percent in 2025 due to currency effects and French tax

The French cosmetics giant L'Oréal announced on Thursday a 4.4 percent decrease in its net profit to 6.13 billion euros (7.27 billion dollars). This was penalised by currency effects and the exceptional surcharge imposed on large companies to restore French public finances. “This increasingly less exceptional tax on large companies (...) costs...