Latest Articles in Business

Women in sporting goods leadership: 'It is not really changing'

Leaders from UEFA, Sport 2000 International, O’Neill and Decathlon took the stage at the ISPO Summit in Amsterdam on Tuesday with a shared message: women’s leadership in sport and sporting goods is moving too slowly. On the panel “Change Management: Leading with Courage in Times of Misalignment” were Laura McAllister, Margit Gosau, Tamara...

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Kontoor Brands lifts annual profit guidance following Lee sale and steady third quarter gains

US apparel group Kontoor Brands (Kontoor), owner of Wrangler and Helly Hansen, reported a 3 percent increase in third quarter revenue from continuing operations to 685.35 million dollars, driven by balanced growth across its core brands. Following the completion of the divestiture of Lee, the Greensboro-based business raised its full year...

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Tapestry raises full-year outlook as Coach sales jump 16 percent

Tapestry, Inc., the owner of Coach and Kate Spade New York, raised its fiscal 2027 outlook after first-quarter revenue rose 11 percent, driven by 16 percent growth at its Coach brand. Net sales for the quarter ended September 26, 2026, increased 11 percent to 1.89 billion dollars from 1.71 billion dollars a year earlier. Excluding Stuart...

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Gildan lowers annual guidance amid demand slowdown

Canadian basic apparel manufacturer Gildan Activewear reported a 61.1 percent increase in third-quarter net sales from continuing operations to 1.47 billion dollars. The growth was driven by the integration of its acquisition of HanesBrands, though results fell short of management projections due to softening consumer demand across both...

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Business|CEO Interview

Canali's CEO Stefano Canali on art, in-house production and the jacket’s 'hidden architecture'

“Much of what makes a Canali jacket exceptional is concealed within it,” Stefano Canali, CEO of the Italian menswear house, told FashionUnited. That idea drives Under the Surface – Shaping the Unseen, a new project in which four contemporary artists, including Los Angeles-based ceramicist Brian Rochefort, respond to the “two hundred sartorial...

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The Platform Group: nine-month revenue rises by 17 percent

Düsseldorf-based e-commerce group The Platform Group SE & Co. KGaA (TPG) has significantly increased its revenue in the first three quarters of the current 2026 financial year. In light of recent developments, management reaffirmed its full-year guidance on Thursday. From January to September, group revenue reached 622.7 million euros (699.4...

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Lenzing reports revenue decline and higher loss

Austrian fibre manufacturer Lenzing AG experienced a decline in revenue and a higher loss during the first nine months of the current 2026 financial year. However, the company simultaneously managed to improve its operating margin due to extensive reforms. This was revealed in an interim report published by the company on Thursday. According to...

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Asos delivers turnaround as FY26 pre-tax profit reaches 24.4 million pounds

UK online fashion retailer Asos has returned to statutory annual profit for the 52 weeks to August 30, 2026, delivering a reported pre-tax profit of 24.4 million pounds compared with a loss of 281.6 million pounds in the prior financial year. The London-based pureplay retailer recorded statutory operating profit of 93.5 million pounds, reversing...

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Foreign trade president: Trump's tariff policy will persist

The Federation of German Wholesale, Foreign Trade and Services (BGA) is dampening hopes that US president Donald Trump will change his tariff policy following the Republican defeat in the midterm elections. “For foreign trade, the results of the US congressional elections initially change nothing,” BGA president Dirk Jandura told the Rheinische...

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Bangladesh: textile workers demanding wage increases return to factories

Dhaka - Textile industry workers in Bangladesh largely returned to their factories on Thursday, the day after an agreement in principle was announced regarding the minimum wage increase they had been demanding on the streets since last week. The number of protesters recorded in the morning in the industrial suburbs of the capital, Dhaka,...

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Spain's Gods focuses on international growth across UK, France, Italy, Netherlands and US

Madrid – Barcelona-based streetwear brand Gods, which is gaining significant traction among younger consumers in Spain, is embarking on an international expansion. The company aims to transcend fleeting trends and domestic borders to establish itself as a solid global project. A decisive turning point will be the opening of its first...

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Shein invests 500 million euros in Poland to expand logistics hub

Shein is expanding its logistics base in Europe. As the Chinese ultra-fast fashion giant announced on Wednesday, it is investing 500 million euros (562 million dollars) this year to expand its European logistics hub in Wrocław, Poland. This brings the company's total investment volume in Poland since 2022 to one billion euros. One million square...