Latest Articles in Business

Bimba y Lola profits soar to eight million euros in 2025

Madrid – Galician fashion multinational Bimba y Lola has today reported on the profitability data recorded by the company at the close of its last fiscal year, 2025. These metrics provide a clearer and more complete picture of its actual performance over the past year. They supplement the initial estimated sales figures released by its...

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Sports Direct partners with Zapp for on-demand World Cup merchandise delivery

British sportswear giant Sports Direct has partnered with delivery platform Zapp to offer FIFA World Cup 2026 merchandise to customers across London, with the goal of making products available within 20 minutes. The collaboration will run throughout the tournament and gives football fans access to official merchandise, including shirts and...

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easyGroup expands into e-commerce with marketplace launch

British brand conglomerate easyGroup is entering the online retail sector with the launch of easyShop.com, a new marketplace platform developed in partnership with e-commerce company OnBuy. Scheduled to launch in the fourth quarter of 2026, easyShop will initially operate across 21 European countries and aims to bring retailers together on a...

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Seaweed fabric pioneer Keel Labs files for bankruptcy protection

Keel Labs, the US startup behind the first fabrics made from seaweed, filed for Chapter 11 bankruptcy protection with the North Carolina court on June 5. The company has an estimated ten million dollars in assets and one million dollars in liabilities. To produce Kelsun, biopolymers are extracted from seaweed and converted into threads through a...

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River Island returns to profit as turnaround plan gains momentum

River Island has reportedly returned to profitability following a major restructuring programme, with the retailer posting a pre-tax profit of 11.6 million pounds for 2025. The result marks a significant recovery for the British fashion chain, which recorded an operating loss of 65.3 million pounds in 2024 and only just avoided administration...

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ThredUp expands resale model with peer-to-peer selling launch

Online resale platform ThredUp has launched a new peer-to-peer selling feature, marking an expansion beyond its traditional managed resale model. The new offering, dubbed Direct Listing, is being introduced in open beta and allows users to list individual items for sale directly through ThredUp’s marketplace. The move means sellers can now...

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Shein opens Dublin logistics centre

Fast fashion giant Shein has opened a new e-commerce logistics centre in Dublin, Ireland, as it expands its regional fulfilment network in response to growing demand. The new 16,000 square foot facility is located in Greenogue Business Park in Rathcoole, and will support 30 jobs across warehouse and office roles, RTE reported. In a statement to...

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Counterfeiting proves costly for the fashion sector

European fashion retailers lose over 12 billion euros (13.88 billion dollars) annually on clothing and a further 2.7 billion euros on jewellery and handbags. This is according to research by the European Union Intellectual Property Office (EUIPO), which enforces intellectual property. The EUIPO states that consumers are willing to pay more for ‘...

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Lifestyle Retail Group rebrands to Secret Sales Group amid tech-led shift

Lifestyle Retail Group (LRG) is rebranding as Secret Sales Group to reflect the scale of its off-price retailer, Secret Sales, and an industry shift towards tech-led platforms. The name change will only apply to the group’s corporate identity, with consumer-facing brands to retain their existing names and operations. While Secret Sales itself...

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StockX to launch live shopping feature

StockX is venturing into a new field. The resale platform has announced the launch of a real-time live shopping experience, bringing it into the social commerce space. Due to debut in summer, ‘StockX Live’ will allow buyers to participate in live auctions, giveaways, and live chats enabling direct seller-buyer engagement. Its initial rollout...

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Asics to spin off Onitsuka Tiger business into independent subsidiary from 2027

Asics Corporation has announced plans to spin off its Onitsuka Tiger business. The company's Board of Directors has approved the transfer of the business to OT Group, a wholly owned subsidiary of Asics, through a simplified absorption-type company split. The restructuring is scheduled to take effect on January 1, 2027. Under the new structure,...

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Li-Ning pushes global strategy with Stephen Curry partnership

Chinese sportswear brand Li-Ning is continuing to push its global strategy plans with a new long-term partnership with basketball star Stephen Curry, who parted ways from his previous partner Under Armour last year. In a statement, Li-Ning said the partnership with Curry is built on “long-term brand co-creation,” with a focus on multi-category...