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Authentic partners with Mercado Libre to expand fashion brands in Mexico

Authentic Brands Group has announced a strategic partnership with Mercado Libre to expand its fashion and lifestyle brands across Mexico through the Latin American retailer’s online marketplace platform. The agreement will grow the presence of brands including Reebok, Champion, Aéropostale, Nine West, Nautica and Dockers in the Mexican market....

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Minelli receives half a dozen mostly partial takeover bids

Paris (France) - The administration of footwear brand Minelli has resulted in half a dozen mostly partial takeover bids. These offers often include a few stores or just the brand name without its employees. This was confirmed by the Paris Commercial Court's website, following a report from French digital media outlet l'Informé. Potential buyers...

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Marimekko increases quarterly profit by a quarter

The Finnish textile group Marimekko Corporation achieved a sales increase and significantly boosted its profit in the first quarter of the 2026 financial year, despite challenging conditions. This was primarily due to strong growth in its international business. According to an interim report published on Wednesday, sales in the period from...

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Brazil eases tax burden on cross-border e-commerce ahead of elections

Brazil's president, Luiz Inácio Lula da Silva, repealed a tax on Tuesday on purchases under 50 dollars made through e-commerce platforms such as China's Shein or Temu, a move aimed at consumers just months before seeking re-election. In 2024, Lula had decreed a 20 percent surcharge, known as the "taxa das blusinhas" (blouse tax), on these...

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eBay board rejects unsolicited acquisition proposal from GameStop

The board of directors of US e-commerce leader eBay has formally rejected a non-binding acquisition proposal from US retailer GameStop. Following a comprehensive review conducted with financial and legal advisors, the board determined that the offer did not align with the long-term interests of the company or its shareholders. In a formal...

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Under Armour revenue falls to five billion dollars amid strategic reset

US sportswear group Under Armour has announced its financial results for the fourth quarter and full fiscal year 2026, ending March 31, 2026. The Baltimore-based company reported a total annual revenue of 5 billion dollars, representing a 4 percent decline compared to the previous year, or a 5 percent decrease on a constant currency basis. The...

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Armani brings its residential business to Marbella with Rafa Nadal and Matutes

The Armani Group announced on Monday the launch of Armani Residences Marbella, its first residential project in Spain. The venture is a partnership with Sierra Blanca Estates and Palya Invest, the firm led by athlete Rafael Nadal and Abel Matutes, a Spanish entrepreneur and former politician with long-standing ties to the tourism and hotel...

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Victoria’s Secret ups defence against activist investor campaign

Lingerie giant Victoria’s Secret & Co. has upped efforts to defend its board and leadership strategy against activist investor Brett Blundy, who is continuing a campaign for greater influence over the business. The company filed a supplement to its proxy statement and issued a public letter to shareholders ahead of its June 11 annual meeting,...

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Waste colonialism in the second-hand clothing trade: findings from Fashion for Good's research

Fashion for Good is publishing the initial results of Project Rewear, which was launched in 2024 to analyse second-hand clothing streams, with a view to viable recycling and resale. The non-profit was founded in 2017 with support from the Laudes Foundation (formerly the C&A Foundation). It now collaborates with fashion partners such as Adidas...

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Kitri to cease trading after nine years of business

London-based independent fashion brand Kitri, founded by Haeni Kim in 2017, has announced on social media that she is closing the womenswear brand that became known for its limited-run, vintage-inspired fashion, often with bold colours and playful details. On Instagram, the brand said that it would be closing its doors in the coming weeks, and...

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On raises profit forecast after record quarter

Swiss sportswear provider On Holding AG (On) has continued its growth trajectory in the first quarter of the 2026 financial year. On Tuesday, the company announced record sales and raised its profit forecast. In the period from January to March, sales amounted to 831.9 million Swiss francs (1,065.3 million dollars). This represents an increase...

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The great logistics pivot: How Mexico and Vietnam are reshaping global trade

The global textile and garment industry is currently undergoing its most significant structural transformation in decades, driven by a combination of geopolitical friction and logistical instability. As the US continues its rigorous review of Section 301 tariffs on Chinese imports, the traditional “Made in China” model is being systematically...