Latest Articles in Business

What Reformation's IPO means for women-centric brands and sustainability values

Over the past several years, the presence of fashion IPOs has been noticeably declining following disappointing public debuts from direct-to-consumer brands like Allbirds and Rent the Runway. It is for this reason that when Reformation announced its intention to go public earlier this year, heads began turning towards what had at once been seen...

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BCI supports push to strengthen cotton standards in Uzbekistan

The Better Cotton Initiative (BCI) has partnered with Uzbekistan's Agency for Technical Regulation (Uzstandard) through a new memorandum of understanding to modernise the country’s agricultural standards. By lending its expertise as a global sustainability standard, BCI will support national technical discussions, help integrate its principles...

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Spanish brand Altonadock enters liquidation

Madrid – It appears to be the end of the road for Altonadock's 16-year journey as a specialist menswear brand. The company has filed for voluntary administration. Furthermore, it has been requested and agreed that the process will proceed directly to the liquidation phase. The fashion brand was launched around 2010 by entrepreneur Ángel Ortega,...

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Digital Brands Group receives unsolicited buyout proposal

US apparel and e-commerce business Digital Brands Group, Inc. (DBG) has confirmed receipt of an unsolicited buyout proposal to acquire all outstanding shares of common stock for 77.58 dollars per share in cash. The acquisition offer was submitted by an existing shareholder with a net worth exceeding one billion dollars. The proposal represents a...

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Puig shares rally following Berenberg and Jefferies valuations

Madrid – Despite the initially lacklustre results reported by Puig for the first half of its 2026 financial year, published exactly one week ago, the accounts of the owner of Carolina Herrera, Jean Paul Gaultier and Paco Rabanne appear to have been well-received by the market and analysts. This is evidenced by the latest valuations the Spanish...

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eBay reports 15 percent revenue expansion for second quarter

US e-commerce giant eBay Inc. (eBay) has reported its financial results for the second quarter ended June 30, 2026. The San Jose-based marketplace generated revenue of 3.10 billion dollars, representing a 15 percent increase on an as-reported basis and a 14 percent rise on a foreign exchange neutral basis. Gross merchandise volume (GMV), reached...

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Canada Goose sells footwear brand Baffin to Royer

Canadian outerwear manufacturer Canada Goose Holdings Inc. (Canada Goose) has entered into a definitive agreement to sell Baffin, a Canadian performance footwear brand, to L.P. Royer Inc. (Royer). Royer is a Canadian manufacturer specializing in work and military footwear. The transaction is expected to close in August 2026, subject to customary...

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Lenzing increases half-year profit despite decline in revenue

Last week, the Austrian fibre manufacturer Lenzing AG presented further drastic reforms and announced the closure of two production sites. On Wednesday, the group presented its results for the first half of the 2026 financial year. According to the report, group revenue from January to June amounted to just under 1.27 billion euros (1.47 billion...

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Skims enters India through Reliance Brands partnership

Kim Kardashian's Skims is set to embark on a new venture into the Indian market through a partnership with Reliance Brands Limited (RBL), marking the shapewear and lifestyle brand's latest step in its international retail expansion. Under the agreement, RBL will operate Skims across physical stores and digital channels in India, with the brand's...

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Abercrombie reportedly mulling options for China business

US retail giant Abercrombie & Fitch Co. is believed to be exploring strategic options for its China business, including bringing in local partners to support future growth. According to a report by Bloomberg, which cited people familiar with the matter, the fashion retailer is working with an adviser to review its China operations in what could...

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RSWM achieves margin expansion and profit growth in Q1 FY27

Indian textile manufacturer RSWM Limited (RSWM) reported its unaudited financial results for the first quarter ended June 30, 2026. The flagship company of LNJ Bhilwara Group posted revenue from operations of 11.61 billion Indian rupees, representing a 1.7 percent increase quarter-over-quarter. On a year-over-year basis, revenue declined by 0.7...

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Gap Inc. expands GCC presence through Chalhoub Group partnership

US apparel giant Gap Inc. has partnered with Middle East luxury retailer Chalhoub Group to expand Gap, Banana Republic and Athleta across the Gulf Cooperation Council (GCC), with a phased omnichannel rollout beginning later this year. The partnership will launch online stores across the UAE, Saudi Arabia and Kuwait during the second half of...