Home

News

Business

Latest Articles in Business

Marks & Spencer taps Zalando’s B2B unit to handle European orders

British department store giant Marks & Spencer (M&S) has extended its partnership with Zalando, tapping the multibrand platform’s B2B logistics unit to operate its orders across continental Europe. Zalando’s Zeos division will now handle M&S’ online direct-to-consumer business in the region, delivering orders across 21 markets. The latest...

Member

Business

Victoria’s Secret faces renewed pressure from billionaire investor

Victoria’s Secret is facing heightened pressure from billionaire investor Brett Blundy, who is continuing to pursue a place on the lingerie giant’s board. Blundy – chairman of BBRC International Pte Limited (BBRC), which owns a 12.9 percent stake in Victoria’s Secret – is accusing the brand and its leadership team of shutting him off from being...

Member

Business

SilkFred falls into administration amid tough trading

Independent brand platform SilkFred has become yet another victim to challenging trading conditions in the UK, where it has now filed for administration. The “majority” of SilkFred’s 14 employees have been made redundant as a result. Andrew Watling and Duncan Beat, managing directors at advisory firm Quantuma, were appointed joint administrators...

Member

Business

Paris urges Brussels to take action against Asian platform Shein

Paris, November 6, 2025 (AFP) - The European Commission “must take action” and sanction the online platform Shein, which is “clearly in breach of European regulations,” urged the French minister of foreign affairs on Thursday. “It has been three years since the regulations were adopted; the European Commission must take action,” stated Jean-Noël...

Member

Business

Safilo: net sales up 2.2 percent in nine months, reaching 758.4 million

Safilo has reported a third quarter of resilient sales growth at constant exchange rates, amid a still uncertain environment impacted by currency fluctuations. Net sales stood at 220.8 million, up 2.1 percent at constant exchange rates, in the three-month period. In the first nine months, net sales reached 758.4 million, up 2.2 percent at...

Member

Business

Lenzing reports resilient performance in first nine months of 2025

Lenzing AG recorded a resilient performance in the first nine months of 2025, marked by a modest 0.7 percent rise in revenue to 1.97 billion euros and a 29.1 percent surge in EBITDA to 340.4 million euros, driven partly by the sale of surplus emission allowances. This strong profitability was achieved despite a volatile third quarter impacted by...

FeaturedMember

Business

Zalando: About You acquisition boosts quarterly revenue

On Thursday, the Berlin-based online fashion retailer Zalando SE presented its results for the third quarter of the 2025 financial year. The latest figures include contributions from About You for the first time, following the completion of the competitor's acquisition in July. Group revenue increases by 26.5 percent In the period from July to...

Member

Business

France suspends operations of online platform Shein

France has temporarily suspended the operations of the low-cost online platform Shein. At the direction of prime minister Sébastien Lecornu, the government has initiated proceedings to suspend Shein's site until the platform can demonstrate to the authorities that all its content complies with French laws and regulations, the Ministry of Economy...

Member

Business

Pandora reports profit decline in third quarter despite sales growth

Danish jewellery company Pandora A/S continued to increase its sales in the third quarter of the 2025 financial year, despite challenging conditions. Its profit, however, fell short of the previous year's level. This was announced in an interim report published by the company on Wednesday. In the period from July to September, group sales...

FeaturedMember

Business

JoyBuy arrives in France: JD.com's risky bet on a saturated European e-commerce market

Chinese giant JD.com is relaunching its JoyBuy marketplace in France, with the ambition of competing against AliExpress, Temu and Shein. After an initial failure in 2015, the group is returning with a more structured offering. The saturated and demanding European market will not forgive any logistical inaccuracies or vague positioning. Behind...

FeaturedMember

Business

Capri Holdings slips into red in second quarter

US fashion group Capri Holdings Limited slipped into the red during the second quarter of its 2025/26 financial year. The company also experienced a decline in revenue. However, the results, published on Tuesday, exceeded management's expectations. In the most recent quarter, which ended on September 27, revenue from continuing operations...

Member

Business

AB Foods considers separating Primark and food business

British conglomerate AB Foods is considering separating its textile discounter Primark and its food business as part of a corporate restructuring. “Within ABF, the company has two great business divisions,” said chief executive George Weston, the grandson of the company's founder, at the presentation of annual figures on Tuesday. He noted that...