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Gucci looks to reignite the flame in its Italian home

Paris, France - Having transitioned from a fashion icon to a thorn in the side of French luxury group Kering, Gucci must now reinvent itself to avoid further weighing on its parent company's accounts. The luxury giant, which also owns Yves Saint Laurent, Bottega Veneta, Kering Eyewear and Boucheron, will present its strategy to investors on...

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Hermès hit in first quarter by Middle East war and exchange rates

French luxury group Hermès reported on Wednesday that its first-quarter sales fell by 1.4 percent year-over-year to 4.1 billion euros (4.83 billion dollars). The results were impacted by exchange rates and the war in the Middle East. At constant exchange rates, the saddler and leather goods maker's revenue grew by 6 percent, with the adverse...

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Kering begins recovery: between stabilising results and “ReconKering”

The verdict came in this Tuesday for Kering. With revenue of 3,568 million euros in the first quarter of 2026, the luxury group finally stabilised its revenue on a comparable basis. Organic growth remains at a standstill. Yet this 0 percent stagnation on a comparable basis marks the end of a freefall period and validates the foundation on which...

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How Prince plans to balance heritage and modern lifestyle in apparel expansion

Prince is making a decisive swing, moving beyond the racquet and into apparel as the convergence of sport and fashion opens up fresh commercial opportunities for heritage performance labels. The shift, overseen by the brand’s parent company Authentic Brands Group, reflects a broader evolution within racquet sports, where on-court credibility is...

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Luxury: Is Dubai's safe haven status coming to an end?

As the giants of the CAC 40 publish their quarterly results, an exclusive analysis by Reuters reveals the scale of the upheaval hitting the Middle East. Long considered the sector's last growth engine, the Gulf is now seeing its sales collapse due to geopolitical tensions with Iran. Until now, major luxury groups like LVMH, Kering, and Hermès...

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Recover partners with China's Prosperity Textile to produce sustainable denim at scale

Madrid – A decisive step forward has been made in popularising circularity and the use of more sustainable fibres, following a strategic agreement between Spain's Recover and China's Prosperity Textile. Under this pact, the companies have agreed to jointly participate in the development, manufacturing and industrial-scale commercialisation of...

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Amazon announces construction of a new distribution centre in France, one of Europe's largest

Amazon announced on Tuesday the construction of a distribution centre in the Haut-Rhin region in France. It will be one of the largest in Europe, representing an investment of over 250 million euros and creating 2,000 jobs. The building, located in the municipality of Ensisheim, will have a floor area of approximately 60,000 square metres and a...

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Strategic inventory investment fuels Rent the Runway's FY25 financial recovery

The US fashion rental platform Rent the Runway has reported a significant expansion of its active subscriber base and a return to net income for the fiscal year 2025 ended January 31, 2026. The company attributed these results to a strategic decision to increase inventory investment, which served as the primary driver for improved customer...

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Ireland launches national circular economy strategy for textile industry

The Irish government has launched a new strategy to overhaul the national textile industry, with the mission of shifting from a linear “take-make-waste” model to a circular economy. With the unveiling of the Whole of Government Economy Strategy 2026-2028 and the first-ever National Policy Statement and Roadmap on Circular Textiles, Ireland is...

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Lululemon under scrutiny for alleged PFAS use and product safety claims

Lululemon is facing an investigation from Texas attorney general Ken Paxton over concerns related to product safety and transparency. According to a press release issued by the attorney general’s office, Paxton has launched a Civil Investigative Demand against Lululemon Athletica as part of a formal inquiry into whether the Canadian activewear...

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Kering: a crucial week to reassure markets and relaunch Gucci

French luxury leader Kering, held back by difficulties at Gucci, is facing a decisive moment. This week, the group will present its new roadmap during a highly anticipated investor day in Florence. All eyes are on the speech by Italian Luca de Meo, the group's chief executive officer, at the Capital Markets Day on Thursday in Gucci's birthplace....

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JOTT: commercial court approves Amoniss' bid, sets sights on relaunch

A commercial court has ruled in favour of Amoniss' proposal in the JOTT case. After being placed into administration, the Marseille commercial court has selected the offer from the Amoniss group to take over JOTT (Just Over The Top), a French brand of lightweight down jackets positioned in the accessible premium segment. The successful bid...