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Esprit 2024 financial results: Focus shifts to licensing after losses

Clothing retailer Esprit Holdings Ltd. released its final results for the 2024 financial year on Monday evening, after a considerable delay. The figures were affected by the ongoing insolvency proceedings of almost all international subsidiaries and the resulting one-off effects. As part of the restructuring efforts and a shift in the business...

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European Commission approves Skechers acquisition by 3G Capital

Investment firm 3G Capital Partners LP (3G Capital) has been granted approval to acquire the American footwear brand Skechers. The European Commission announced this in a press release on Tuesday, July 1. Although both companies operate from the US, their activities in the European market require approval from the European Commission. Skechers...

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Competition authorities give green light: Zalando on the verge of acquiring About You

The Berlin-based online retailer Zalando SE is set to complete its acquisition of competitor About You Holding SE in a matter of days. The e-commerce specialist announced on Tuesday evening that the European Commission had granted "final regulatory approval" for the planned merger of the two companies. Zalando emphasised that "all closing...

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Talon.One raises 135 million US dollars in funding

German enterprise loyalty and promotion software provider Talon.One, which counts H&M, Adidas, Sephora, and Nordstrom as customers, has raised 135 million US dollars in growth funding. The funding comes from new investors Silversmith Capital Partners and Meritech Capital, with the participation of existing investor CRV. Talon.One offers...

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Fashion-tech startup Zilo closes 4.5 million dollars seed round

Zilo, an innovative Indian fashion-tech platform, has successfully raised 4.5 million dollars (over Rs 38 crore) in a seed funding round. The investment was co-led by prominent venture capital firms Info Edge Ventures and Chiratae Ventures, as confirmed by a company statement. This fresh capital is earmarked to significantly bolster Zilo's...

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V-Mart Retail reports 13 percent revenue growth in Q1 2025

V-Mart Retail, a value fashion retailer, has announced a strong performance for the first quarter ended June 30, 2025, with total revenue from operations reaching Rs. 885 crores, marking a 13 percent year-on-year growth compared to the same period last year. The company's provisional figures also indicate a same store sales growth (SSSG) of 1...

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CLO Virtual Fashion acquires digital materials provider Swatchbook

CLO Virtual Fashion, the parent company of 3D fashion design software CLO, has acquired Swatchbook, a digital materials solutions provider. Through the takeover, CLO said it is now positioned “as the largest digital fabric database company in the world”. The deal between the two companies builds on an existing relationship that the duo first...

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Eurozone inflation marginally rises to 2 percent

Eurozone inflation rose slightly in June. The annual inflation rate rose to 2.0 percent, the Eurostat statistics office announced in Luxembourg on Tuesday, according to an initial estimate. In May, the inflation rate had fallen to 1.9 percent. Economists had, on average, expected this slight increase. Inflation in the Eurozone is thus in line...

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Family office invests in Balibaris to write new chapter

"A new chapter is opening for Balibaris," announced Paul Szczerba, president of Balibaris, in a message published on LinkedIn on Tuesday, July 1. The French menswear brand, with its Parisian elegance, formalises the entry of a French family office into its capital. Behind this discreet but eminently strategic operation, founder Szczerba confirms...

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Altri strengthens its expansion in sustainable textiles with acquisition of AeoniQ

Portugal-based Altri, a producer of sustainably certified cellulosic fibres, is making a significant move into the textile industry by acquiring a majority stake in AeoniQ, a Swiss firm backed by the HeiQ group. This acquisition includes a capital increase and marks a decisive step in Altri’s diversification strategy. For several years, Altri...

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Safilo becomes eyewear licensing partner of Victoria Beckham

Italian eyewear group Safilo and Victoria Beckham, creative director and founder of the eponymous fashion label, have signed a new licensing deal. The ten-year agreement covers the development, production and distribution of Victoria Beckham eyewear collections, and runs until the end of December 2035. The entire product line, which includes...

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Moda Management partners with Rept to bring fashion collaborations to athletes

Moda Management Global, the agency specialising in creative fashion talent management, is teaming up with sports management agency Rept, which represents some of the world’s top female footballers to secure fashion partnerships for its roster of athletes. The move will see Moda creating opportunities in fashion for Rept’s roster, which includes...