Latest Articles in Business

Under Armour navigates challenging consumer environment in Q1 2027

US sportswear brand Under Armour, Inc. (Under Armour) recorded net sales decrease of 3 percent to 1.10 billion dollars, or 4 percent on a constant currency basis for the first quarter of fiscal 2027 ended June 30, 2026. The group recorded net income of one million dollars, down from the prior-year period. On an adjusted basis, net income reached...

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QVC Group emerges from bankruptcy with new leadership and five billion dollar debt reduction

QVC Group, Inc., the US parent company of TV and social shopping firm QVC, has emerged from bankruptcy after completing a financial restructuring that reduced debt by five billion dollars. In the announcement, the company said it has also gained access to a new 600 million dollar asset-based lending facility led by funds managed by Strategic...

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Havaianas parent Alpargatas posts 11.3 percent net sales growth in second quarter

Brazilian footwear manufacturer Alpargatas SA (Alpargatas), the parent company of flip-flop label Havaianas, reported its financial results for the second quarter ended June 30, 2026. Consolidated net sales reached 1.23 billion Brazilian reals (0.24 billion dollars), representing an 11.3 percent increase compared to 1.10 billion Brazilian reals...

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From CIO to COO to CEO: What New Look’s leadership change says about its new era

For much of the past two years, New Look has frequently appeared in headlines for the wrong reasons. It closed its Irish business, accelerated UK store closures, cut head office jobs, secured a 30 million pound cash injection to fund digital transformation and was reportedly exploring strategic options after unsolicited takeover approaches. Fast...

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El Corte Inglés's employers' association joins Federation of International Retail Associations (FIRA)

Madrid – La Distribución Anged (Anged), the Spanish business organisation representing the interests of retail companies such as El Corte Inglés, Carrefour, C&A and Pepco, has decided to raise its international influence. It has joined the Federation of International Retail Associations (FIRA) as a new full member. The federation comprises a...

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Ralph Lauren lifts FY27 guidance, China grows more than 40 percent

Summary • Ralph Lauren Corporation exceeded expectations in Q1 FY27 with a 14 percent revenue climb, driven by double-digit growth in Asia and North America, and a 15 percent increase in average unit retail. • Asia was a standout region, with revenue rising 24 percent, led by over 40 percent growth in China, while North America saw a 13 percent...

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Fashion for Good launches industry project to benchmark PFAS alternatives

Fashion for Good, an Amsterdam-based regenerative fashion investment company, has launched Project DW(O)R-X, a collaborative initiative aimed at creating an industry benchmark for durable water- and oil-repellent (DW(O)R) finishes that do not contain PFAS, responding to the increased demand for safer alternatives to the persistent chemicals. The...

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What Reformation's IPO means for women-centric brands and sustainability values

Over the past several years, the presence of fashion IPOs has been noticeably declining following disappointing public debuts from direct-to-consumer brands like Allbirds and Rent the Runway. It is for this reason that when Reformation announced its intention to go public earlier this year, heads began turning towards what had at once been seen...

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BCI supports push to strengthen cotton standards in Uzbekistan

The Better Cotton Initiative (BCI) has partnered with Uzbekistan's Agency for Technical Regulation (Uzstandard) through a new memorandum of understanding to modernise the country’s agricultural standards. By lending its expertise as a global sustainability standard, BCI will support national technical discussions, help integrate its principles...

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Spanish brand Altonadock enters liquidation

Madrid – It appears to be the end of the road for Altonadock's 16-year journey as a specialist menswear brand. The company has filed for voluntary administration. Furthermore, it has been requested and agreed that the process will proceed directly to the liquidation phase. The fashion brand was launched around 2010 by entrepreneur Ángel Ortega,...

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Digital Brands Group receives unsolicited buyout proposal

US apparel and e-commerce business Digital Brands Group, Inc. (DBG) has confirmed receipt of an unsolicited buyout proposal to acquire all outstanding shares of common stock for 77.58 dollars per share in cash. The acquisition offer was submitted by an existing shareholder with a net worth exceeding one billion dollars. The proposal represents a...

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Puig shares rally following Berenberg and Jefferies valuations

Madrid – Despite the initially lacklustre results reported by Puig for the first half of its 2026 financial year, published exactly one week ago, the accounts of the owner of Carolina Herrera, Jean Paul Gaultier and Paco Rabanne appear to have been well-received by the market and analysts. This is evidenced by the latest valuations the Spanish...