Latest Articles in Business

Fast fashion group Shein reports 50 percent drop in first-half operating profit

Hong Kong - Fast fashion platform Shein announced on Monday that its operating profit, or adjusted earnings before interest and taxes (adjusted EBIT), fell by 50.4 percent in the first half of this year, year-over-year. It amounted to 538 million dollars in the first half, compared to 1.09 billion in the same period of 2025. In the same period,...

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Pepco Group reports strong Q4 performance driving revenue growth

Pepco Group expects full year revenue to exceed 4.5 billion euros (5.11 billion dollars). The UK-registered discount retailer released a pre-close trading update for the 51 weeks to September 20, 2026, ahead of its full year preliminary results scheduled for December 9, 2026. Strong final quarter drives growth The group achieved...

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Primark signs multi-year textile-to-textile recycling agreement with Circ

Budget retailer Primark has signed a long-term purchase agreement with textile-to-textile recycling company Circ to introduce recycled polyester made from textile waste into its clothing from 2029. The agreement marks Primark’s first multi-year offtake deal with a textile-to-textile recycler and is intended to help the value retailer scale its...

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On's football debut with Kylian Mbappé drives 16.22 million dollars in media exposure

On scored 16.22 million dollars in media impact value with the launch of On Football last week, according to a new report from Launchmetrics. Kylian Mbappé, who left Nike after 20 years to lead On’s football, was the brand’s top placement, with his Instagram post announcing the new partnership hitting 1.13 million dollars in MIV — MIV is a...

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Australia's Cue Clothing Co enters administration after failed sale process

Australian womenswear group Cue Clothing Co has entered receivership and voluntary administration after a sale process failed to secure a buyer. The Sydney-based owner of Cue and Veronika Maine has appointed FTI Consulting as receivers and managers, with BDO acting as voluntary administrators. A new going-concern sale process has begun, while...

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Is Capri Holdings up for sale?

US-based fashion giant Capri Holdings could be on the market, with potential buyers understood to be circling the fashion group, according to WWD. The media outlet reported that Capri, which sold Versace to Prada in December 2025 and continues to own Michael Kors and Jimmy Choo, has connected with investors possibly interested in acquiring the...

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Dutch court prohibits Lidl from selling Birkenstock lookalikes

In the legal dispute over imitations of Birkenstock sandals, the Gelderland District Court in Arnhem, the Netherlands, has ruled in favour of the footwear manufacturer. The court has prohibited the food and retail group Lidl from selling certain sandal models. According to the judges, these models infringe on the copyright-protected design of...

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UK council trials pothole repairs made from recycled textile waste

The UK's Maidstone Borough Council is testing whether discarded textiles can be repurposed into pothole repair material as part of a new trial with sustainable materials company Recool. Five potholes across Mote Park and Penenden Heath have been repaired using an experimental low-carbon material developed by Recool and installed with local...

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Speculation over private takeover swirls as H&M founding family increases stake

The family behind H&M is slowly increasing its stake in the Swedish fashion group, sparking speculation that it could eventually take the retailer private amid continued turnaround efforts. The Persson family’s Ramsbury Invest holding company, primarily owned by Sweden’s richest person Stefan Persson, has bought 36.8 million H&M shares so far...

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Marks & Spencer, New Look and Sainsbury’s join Oxfam to build UK textile recycling network

British retail giants Marks & Spencer, New Look and Sainsbury’s have joined UK charity Oxfam in partnering with textile development company Circle-8 to launch The Circuit, an initiative designed to develop circular textile supply chains using clothing collected in the UK. The initiative brings together retailers, textile recovery organisations,...

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US and African countries launch cotton trade partnership

The US-Africa Trade Desk (USATD), alongside the governments of Mauritius, Lesotho and Kenya, has launched the Trans-Atlantic Cotton Partnership (TACP) to strengthen cotton, textile and apparel trade between the US and Africa. Announced during the UN General Assembly in New York, the partnership will connect US-grown cotton with African textile...

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Superstudio acquires a controlling stake in Spring Studios New York

Superstudio Events, a Milan-based group active in the events and production sector, is entering the US market by acquiring a majority stake in Spring Studios New York Llc, the company that manages the Tribeca venue and its events business. "The agreement also includes a defined schedule for Superstudio's acquisition of the remaining minority...