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California sets deadline for climate data reporting

The California Air Resources Board (CARB) has outlined a reporting deadline for California Greenhouse Gas Reporting (SB 253) after approving the adoption of the bill. Based on stakeholder feedback, the organisation has pin-pointed August 10, 2026, as the first-year reporting deadline. For the inaugural year, companies must include only Scope 1...

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Atelier Athem expands to the UK and opens a London office

Paris-based creative studio, Atelier Athem, which specialises in scenography and experiential installations, is entering the UK market with a dedicated office in London, marking a new phase in the agency’s growth. To lead the London office, Atelier Athem has appointed Louise Hervouët as head of development UK to oversee business development and...

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From sea to shore: How Starboard Group is holistically redefining travel retail experiences

Cruise retail is no longer a niche within a niche. It is a fast-growing global market that fashion brands are starting to take more seriously, and now, it is moving beyond the ship. According to TechSci Research, the global luxury retail market specific to cruise liners was valued at 17 billion dollars in 2025 and is projected to reach 31.88...

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Lululemon founder Chip Wilson seeks board reform amid shareholder value concerns

Chip Wilson, the founder and a significant shareholder of Canadian athletic apparel company Lululemon, has launched a public campaign to reform the company board of directors. In a letter addressed to shareholders on February 27, 2026, Wilson expressed dissatisfaction with the current strategic oversight and the performance of the brand, citing...

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How the West Asia crisis is putting a tax on every garment moving east to west

The garment industry, a sector famously built on the “just-in-time” philosophy and razor-thin margins, is currently navigating one of its most complex periods of structural volatility. The West Asia crisis has evolved quickly from a regional concern into a systemic chokehold on global textile flows. The escalating conflict in the Middle East is...

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OpenAI raises 110 billion dollars in record funding round

OpenAI announced Friday a massive $110 billion funding round valuing the ChatGPT maker at $730 billion, with SoftBank, Nvidia and Amazon each making multi-billion-dollar commitments as the artificial intelligence company races to meet surging global demand. The investment round - one of the largest in Silicon Valley history - includes $30...

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Ebay to cut 800 roles across global workforce to realign structure with goals

Marketplace giant Ebay has said it is slashing around 800 roles across the business, representing 6 percent of its global workforce. The platform confirmed the news in a statement shared with various media outlets, including WSJ, to which it said: “We are taking steps to reinvest across our business and align our structure with our strategic...

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EU-Mercosur trade deal to take effect despite legal hurdles

The free trade agreement between the EU and the South American Mercosur bloc will soon move into provisional application, despite an ongoing review by the European Court of Justice (ECJ). European Commission President Ursula von der Leyen announced the move in Brussels following ratification by Uruguay and Argentina on Thursday. Provisional...

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Textile Exchange continues to rollout membership model with Action Cohort pathway

On the back of its pivot to a membership model, Textile Exchange has now outlined a new Action Cohort to run alongside its Community Cohort, this time with a focus on standardising progress reporting for brands, retailers, and raw material producers. This new cohort is structured around a three-step pathway that the organisation’s chief...

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The RealReal achieves record 2 billion dollar GMV amid luxury resale surge

The US-based luxury resale platform The RealReal reported a transformative fiscal year ended December 31, 2025, surpassing the 2.13 billion dollar mark in gross merchandise value (GMV). This represents a 16 percent increase compared to the previous year, while total annual revenue rose 15 percent to 693 million dollars. Rati Levesque, the...

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Back on the podium: Puma's strategy for a top-tier comeback

In 2025, Puma recorded the highest net loss in its corporate history. The Herzogenaurach-based sporting goods manufacturer is in the midst of a profound strategic shift. This shift is painful in the short term but is intended to enable a return to the top tier in the long run. During a press call on Thursday, CFO Markus Neubrand confirmed the...

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Fashion group SMCP returns to profit in 2025

Paris - Following a significant loss in 2024 and years of shareholder turmoil, the French ready-to-wear group SMCP (Sandro, Maje, Claudie Pierlot and Fursac) generated a net profit of 16.6 million euros (19.62 million dollars) in 2025, it announced on Thursday. “It’s starting to get a little brighter,” said Isabelle Guichot, the group’s chief...