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Bestseller Group boosts annual turnover and profit for 50th anniversary

Danish clothing retailer Bestseller A/S can look back on a successful financial year for its 50th anniversary. “This was a special year for us. We are celebrating a milestone that none of us could have imagined when the first shop was opened in 1975,” explained owner and CEO Anders Holch Povlsen in a statement on the announcement of the latest...

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Inside Fabletics' European strategy: Executives talk wholesale growth and market challenges

Fabletics is continuing to grow its wholesale business alongside its core digital clothing subscription service. The US athleisure provider is focusing on retailers such as Peek&Cloppenburg. Partnerships with gyms and reality TV star Khloé Kardashian are also boosting the brand's visibility. Mark Ralea, general manager of Fabletics Europe, and...

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Tod’s CEO defends company ethics following labour exploitation allegations

"Made in Italy is one of our country's excellences, recognised worldwide," explained Diego Della Valle last Friday from Tod's headquarters in Milan. The executive's comments came after the city's Public Prosecutor's Office requested judicial administration for the Marche-based company, Tod's SpA, for allegedly negligently facilitating "severe...

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Better Cotton Initiative rebrands and introduces new traceability label

The Better Cotton Initiative (BCI) marked World Cotton Day with a comprehensive rebrand and the launch of a new traceability label, underscoring the organisation’s efforts to enhance transparency and accountability across the cotton supply chain. The move includes a redesigned logo, website, and the reinstatement of its original full name, fter...

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Design Eyewear Group acquires six French brands

Design Eyewear Group, a Danish company that designs, develops and markets a range of eyewear brands worldwide, has acquired six eyewear brands from French company KNCO, as it looks to build an “even more diverse portfolio that reflects the needs of today’s eyewear customers”. In a statement, the Design Eyewear Group said the acquisition includes...

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Jobs saved, factory reopened: Inside the cross-border deal that saved La Perla

Italian luxury brand La Perla is settling into its new ownership structure following a lengthy sale proceedings coordinated between UK and Italian officials, utilising a landmark cross-border insolvency protocol. With this, the lingerie brand’s joint liquidators Andrew Watling and Duncan Beat, managing directors of advisory firm Quantuma, have...

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Vince Holding Corp. to transfer stock listing from NYSE to Nasdaq

Vince Holding Corp., a global contemporary retailer, has announced its voluntary decision to transfer its U.S. stock exchange listing from the New York Stock Exchange (NYSE) to The Nasdaq Stock Market LLC (Nasdaq). The company anticipates that its common stock will cease trading on the NYSE on or around October 20, 2025, and will begin trading...

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Fast Retailing shares: analysis of a global apparel giant’s performance

Tokyo-based Fast Retailing Co., Ltd., a global leader in the apparel retail sector and the parent company of the prominent Uniqlo brand, continues to assert its position as a major force in the global fashion industry. This analysis follows the announcement of the company's fiscal year 2025 results, which marked the fourth consecutive year of...

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Closed acquisition: Germany's Federal Cartel Office gives green light

The acquisition of Closed by the Böck entrepreneurial family and fashion manager Dieter Holzer can now proceed. Germany's Federal Cartel Office has approved the takeover of the insolvent Closed Group by capital-Home GmbH, the authority announced on Friday. Capital-Home GmbH also holds the majority of shares in the Marc O'Polo Group. “Although...

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G-Star rolls out secondhand programme Rewear to Belgium, Germany and France

Denim label G-Star is expanding its online secondhand platform, Rewear, to Belgium, Germany and France. Through the platform, customers can buy and sell secondhand G-Star clothing. The service is part of the brand's Repair–Rewear–Recycle strategy, which aims to make clothing last longer or give it a second life. “Our designs are made to last, so...

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JP Morgan cuts Puig's share value to 12.50 euros, hitting a new stock market low

Madrid – Shares for the Spanish fashion and beauty group Puig hit a new all-time low during trading on Thursday, October 9, plummeting by 6.70 percent. This sharp decline was triggered by a major shift in stance from US investment bank JP Morgan, which reportedly cut its valuation of Puig's share price by 50 percent. The bank drastically lowered...

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India's textile PLI scheme: Investment thresholds cut by half to boost growth

The Ministry of Textiles has announced significant revisions to the Production Linked Incentive (PLI) Scheme for man-made fibre (MMF) apparel, MMF fabrics, and products of technical textiles, aiming to accelerate growth and enhance the ease of doing business in the sector. These amendments are designed to encourage fresh investments and foster...