Latest Articles in Business

Kizik, Skechers European legal dispute arrives at ruling

Skechers and HandsFree Labs (HFL), the parent company of Kizik, have both claimed victories in a European patent dispute over hands-free footwear, following a ruling by the Unified Patent Court in Munich. Skechers said the court rejected infringement claims concerning three of four shoe styles challenged by Kizik, describing the case as “largely...

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11 Studios launches second collection alongside international growth initiatives

Swedish fashion brand 11 Studios, based in Stockholm, has announced the launch of its second collection alongside four strategic initiatives aimed at scaling its international presence and streamlining operations. Founded in June 2026 by co-founder and chief executive officer Caroline Gunterberg and co-founder and creative director Johan Avedal,...

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Me+Em accelerates US retail expansion as full-year sales reach 190 million pounds

British modern luxury womenswear brand Me+Em has announced its financial results for the year ended January 2026, driven by continued global expansion and accelerating international demand. The Group reported a 29 percent increase in revenues to 190 million pounds (254 million dollars), up from 147.9 million pounds in 2025. Gross profit rose 28...

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Castore reportedly in talks with Anta and Li-Ning over potential deal

British sportswear brand Castore is reportedly in discussions with Chinese sportswear groups Anta and Li-Ning over a potential deal, as investors seek to exit the business. According to the Financial Times, the Manchester-based company has held further talks with US footwear brands as it mulls options for its next phase of growth. No agreement...

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Lenzing completes capital increase to raise 301.2 million euros

Austrian wood-based cellulose fibre producer Lenzing AG (Lenzing) has successfully completed its capital increase against contribution in cash with subscription rights for existing shareholders, raising gross proceeds of approximately 301.2 million euros (338 million dollars). The transaction, which was announced on October 1, 2026, involved the...

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DTC and wearables propel EssilorLuxottica to 7.49 billion euros in Q3

French-Italian eyewear giant EssilorLuxottica announced that consolidated revenue for the third quarter of 2026 reached 7.49 billion euros (8.40 billion dollars). This represents a year-over-year increase of 7.2 percent at constant exchange rates compared to the third quarter of 2025, or 9 percent at current exchange rates. For the first nine...

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Adidas Q3: Tariff refund and full-price sales drive growth

German sportswear brand Adidas has reported record top and bottom-line results for the third quarter of 2026, prompting the company to raise its full-year operating profit guidance. Based on preliminary figures, revenues increased 9 percent to a record 7.25 billion euros (8.14 billion dollars) in the third quarter. In currency-neutral terms,...

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Salvatore Ferragamo reports revenue decline in third quarter

The Italian fashion group Salvatore Ferragamo SpA suffered another revenue decline in the third quarter of the 2026 financial year. This is according to the latest figures released by the company on Tuesday evening. Between July and September, group revenue totalled 207 million euros (232 million dollars). This represents a 6.2 percent decrease...

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Michael Buckley on True Religion’s journey beyond denim and toward 1 billion dollars

True Religion made its name with horseshoe-stitched jeans that sold for hundreds of dollars at department stores in the 2000s. Today, sportswear and accessories make up more than half of its product assortment, and chief executive Michael Buckley no longer calls it a denim brand. “True Religion is an authentic and accessible lifestyle apparel...

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How the recent Strait of Hormuz attacks affect the apparel sector

Since the beginning of the month, at least 21 attacks on vessels in the Strait of Hormuz region have been logged according to the United Kingdom Maritime Trade Operations (UKMTO) Centre. The dramatic surge in military activity and drone strikes targeting commercial cargo vessels in the Strait of Hormuz is in response to US obstructions of...

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2026 most valuable top 100 fashion brands

The FashionUnited Index of Most Valuable Fashion Brands ranks the largest fashion brands in the world by brand value. In 2026 Hermès takes first place for the first time, with a brand value of 45 billion dollars, ahead of Louis Vuitton and Chanel. Together, the ten most valuable brands are worth 222.3 billion dollars, almost half of the 451...

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Western brands under pressure as 'pre-owned' luxury booms in China

With China's economy still struggling to recover from the pandemic, even global fashion icons are beginning to feel the pinch as consumers turn instead to the second-hand market or buy upstart new homegrown brands. Chinese were once massive buyers of luxury Western brands, accounting for around a third of worldwide spending and earning firms...