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Saks Global advances toward summer emergence after court approval

US luxury retail company Saks Global has received approval from the US Bankruptcy Court for the Southern District of Texas for the disclosure statement accompanying its plan of reorganization. This milestone allows the group to begin soliciting votes on the Plan and maintains its trajectory to emerge from chapter 11 this summer. The Plan is...

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Has luxury underestimated its customers' intelligence? An uncompromising analysis by Alessandro Maria Ferreri

After a period of post-pandemic euphoria driven by a thirst for 'revenge' spending, the luxury industry is now facing a reality check. Caught between price inflation disconnected from product value and a structural creativity crisis, high-fashion houses are at a crossroads. Alessandro Maria Ferreri, founder of The Style Gate and an engineer by...

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Luisa Via Roma: takeover process to be concluded swiftly

The dispute surrounding Luisa Via Roma may be reaching a turning point. A meeting held on Thursday in the Tuscany region to address the conflict at the Florentine fashion company concluded satisfactorily. New owners commit to taking on entire Luisa Via Roma workforce “The most important news is that representatives of the investors were at the...

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Outlook: Zalando expects growth at start of year

Online retailer Zalando is set to present its figures for the first quarter this Wednesday, May 6. What the company expects: Zalando has set its sights on increased revenue and profit for 2026, also leveraging Artificial Intelligence (AI). For the current year, management is targeting growth in Gross Merchandise Volume (GMV) and revenue of 12 to...

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Spanish menswear brand Williot grows by +25 per cent

The Spanish menswear brand Williot has closed the 2025 financial year with a turnover exceeding 2.5 million euros, representing a growth of +25 percent compared to the previous year. This progress confirms the consistency of a business model that has successfully scaled while maintaining its strategic focus on growth without sacrificing brand...

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GameStop proposes $56 billion takeover of eBay to rival Amazon

US video game retailer GameStop made a takeover bid on Sunday to buy eBay for about $55.5 billion in an attempt to turn the online marketplace into a competitor to e-commerce giant Amazon. Gamestop is offering $125 per share in a combination of stock and cash, a 46 percent premium over the average stock price since it began acquiring shares in...

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Claire’s reportedly preparing for return to UK high street this summer

Just days after the closure of its UK and Ireland store estate, the French operator of Claire’s European business has announced plans to potentially bring the jewellery chain back to the region’s high streets. Julien Jarjoura, who oversees the company’s 240 stores in Spain, France, Austria, and Portugal, told the Guardian that he was aiming to...

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Solbari launches US wholesale business

Australian sun protection apparel brand Solbari, known for its UPF 50+ clothing, sun hats and accessories, has launched a wholesale business in the US and appointed Grayson Davis as head of sales in the region to lead its retail growth strategy. In a statement, Melbourne-founded Solbari said the move marks an expansion beyond its...

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Saks Global cuts HQ headcount by 16 percent

Saks Global is cutting its corporate headcount by 16 percent amid the continued rollout of a restructuring plan designed to optimise the luxury retailer’s footprint. Company officials confirmed the news to WWD, which reported that around 640 workers will be impacted, reflecting 4 percent of Saks Global’s total workforce. The layoffs will not...

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Recently acquired footwear retailer André prepares for "a future expansion phase"

Paris, France – Footwear retailer André, acquired in January, is preparing for a "future expansion phase", according to a court ruling seen by AFP. This decision comes despite a challenging consumer environment and the erosion of its workforce and store portfolio over the years. According to the takeover bid, André was placed into receivership...

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Columbia Sportswear surpasses first quarter expectations despite tariff headwinds

The US outdoor and lifestyle group Columbia Sportswear Company has reported financial results for the first quarter ended May 1, 2026, exceeding internal guidance for both net sales and profitability. The performance was supported by early wholesale shipments for the spring/summer 2026 season and robust demand across the US and Europe. Net sales...

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Adolfo Domínguez closes 2025 with an 80.58 percent profit increase

Madrid – Spanish fashion multinational Adolfo Domínguez has reported its results for the close of its 2025 fiscal year. The period, which ended on February 28, 2026, saw the company complete the year on a positive note for both sales and turnover. The company is currently celebrating its 50th anniversary. According to the data presented by the...