Latest Articles in Business

Adeela Hussain Johnson on Béis' next phase: 'We haven't even scratched the surface yet'

Adeela Hussain Johnson has watched her own product move through airports for the better part of a decade, and it has not worn off. "Seeing a Béis bag in an airport still humbles me," the chief executive officer of the American travel and lifestyle brand told FashionUnited, "because I know what it took to build this from nothing." Eight years...

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Zanatta family increases stake in Tecnica Group to 69 percent

On Friday, an agreement was signed for Italmobiliare to sell a 9.09 percent stake in Tecnica Group to Prime Holding , the Zanatta family's controlling holding company for Tecnica Group, for a total of approximately 50 million euros. Tecnica Group owns several major winter sports and outdoor footwear brands, including Blizzard, Lowa, and Moon...

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Tous profits plummet by 60 percent amid rising gold and silver prices

Madrid – On Monday, August 3, 2026, Spanish jewellery company Tous reported its performance during its last full financial year, 2025. The jewellery and lifestyle brand ended the period with a contraction in sales and a significant drop in net profit. This decline was influenced by three factors: exchange rates, a general increase in raw...

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French manufacturer Groupe Lécuyer acquires Moreau Paris

The Paris Commercial Court has approved the acquisition of Moreau Paris, a historic leather goods house, by Cardinal Invest, owner of the French manufacturer Groupe Lécuyer. This transaction marks the beginning of a new chapter for one of the last independent Parisian houses specialising in monogrammed canvas. A historic heritage and commercial...

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Walmart's FY2026 ESG report: climate progress and new sustainability targets

Walmart has fallen short of the 2025 climate target it had approved by the Science Based Targets initiative and has replaced it with a new goal running to 2031, according to the company's FY2026 ESG report published in July. Absolute emissions from Walmart's own operations, covering scopes one and two, fell 7.5 percent year over year to 14.4...

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Munich announces 65 redundancies and the closure of 15 stores in Spain

Madrid – Renowned Barcelona-based brand Munich, which specialises in the design and sale of fashion and footwear, has begun negotiations for a collective redundancy procedure. This will affect approximately 65 employees and involve the closure of 15 stores. The restructuring of its workforce and retail network is a result of the economic...

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The volume shift: How Asian online retailers move from individual parcels to bulk inventory

The landscape of international trade and e-commerce logistics across Europe has undergone a fundamental structural realignment. For years, the European Union’s long-standing low-value customs duty exemption—the de minimis threshold—allowed billions of individual parcels valued under 150 euros to flood into member states from Asian manufacturing...

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EU accuses Temu of hindering raid in Ireland

The European Union on Friday accused Temu of failing to hand over information during an inspection as part of a probe into the Chinese-owned online retailer. The EU's powerful antitrust sheriff said it carried out surprise raids between December 2 and 5, 2025, seeking evidence in an investigation looking at whether Temu received "potentially...

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El Corte Inglés drives Sfera's internationalisation with 28 new stores outside Spain

Madrid – Following its last Annual General Meeting exactly one week ago, the management of El Corte Inglés has now published the financial and non-financial reports for its 2025 financial year. The period ended on February 28, during which the company quietly continued to give a special international boost to Sfera, its fashion and accessories...

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Frasers extends Hugo Boss takeover offer after limited shareholder support

British retail giant Frasers Group has extended the acceptance period for its 2.3 billion pound takeover offer for Hugo Boss after securing backing from just 7.3 percent of independent shareholders by the initial deadline. The retailer's 38 euro-per-share cash offer, which values the stake Frasers does not already hold in the business at 1.7...

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US fashion industry poised for sourcing consolidation and AI integration, study finds

The US fashion industry is facing another year of uncertainty. From the IEEPA tariffs that were ruled unconstitutional by the Supreme Court to the expiring Section 122 tariffs that took their place to the new 301 and 232 tariffs – tariffs remain a top concern for US fashion businesses from brands and retailers to importers. The United States...

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Gordon Brothers submits bid for Harvey Nichols as sale process continues

Gordon Brothers, the US investment firm behind retailers including Laura Ashley and the owner of Poundland, has submitted a bid to acquire luxury department store Harvey Nichols, according to a report by Sky News. The offer was reportedly submitted ahead of this week's bidding deadline, with a further deadline now set for next week as owner Sir...