Latest Articles in Business

Missoni remains Italian: FSI fund becomes majority shareholder

Missoni is changing its corporate structure but remains Italian. The brand is losing the Missoni family as shareholders but is continuing its Italian story with Fondo Strategico Italiano (FSI). The fund has chosen to strengthen its commitment by becoming the majority shareholder. FSI first invested in the company's capital in 2018. The...

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Chinese consumers scout lower prices, secondhand goods as spending sputters

In a Shanghai shopping centre, customers browsed racks of used winter coats, $2 trousers and household appliances -- pre-used items that would have been out of place in a major Chinese mall a decade ago. But these days, stagnating wages, youth unemployment and a years-long property crisis are making consumers rethink their spending. China's...

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Van de Velde reports revenue recovery in second half of 2025

Belgian lingerie group Van de Velde (VdV) has reported a positive turnaround in the latter half of its 2025 financial year, following a challenging start to the period. The company realized revenue growth of 1.9 percent in the second half of the year. However, full-year figures remained slightly below the previous year's levels. Comparable...

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Allbirds secures final dismissal in long-running securities fraud battle

On February 26, Allbirds Inc. secured a definitive victory. A federal court in California dismissed a shareholder lawsuit accusing the company and its executives of financial fraud in connection with its November 2021 IPO and subsequent public statements. The court denied the plaintiffs another chance to amend their complaint. The ruling, as...

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Abercrombie & Fitch reports lower profit despite record sales

US apparel group Abercrombie & Fitch Co. set a new sales record in the 2025/26 financial year as expected. Its profit, however, fell short of the previous year's level. The company forecasted a further increase in sales for the current year on Wednesday. Hollister brand remains growth driver In the most recent financial year, which ended on...

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American Eagle Outfitters achieves 1.80 billion dollars in fourth quarter revenue

US-based apparel group American Eagle Outfitters (AEO) has reported record financial results for the fourth quarter of fiscal 2025, supported by a 10 percent increase in total revenue to 1.80 billion dollars. The performance was bolstered by an 8 percent rise in total comparable sales, with the Aerie brand delivering a significant 23 percent...

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Roots begins strategic review, including exploring sale options

Canadian lifestyle brand Roots, which has more than 100 stores across Canada, has announced it is conducting a strategic review to “identify opportunities to maximise value for all shareholders,” including selling the company. Known for its ultra-soft premium fleece loungewear and leather goods, Roots has appointed J.P. Morgan Securities Canada...

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Frank & Eileen founder launches foundation to support female entrepreneurs

Audrey McLoghlin, founder and chief executive of Los Angeles-based womenswear brand Frank & Eileen, has announced the launch of a foundation dedicated to creating more women entrepreneurs by investing in entrepreneurship education. The Frank & Eileen Foundation launches with an initial 1 million US dollar gift from the 100 percent woman-owned, B...

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Kering creates 'industry' and 'client' divisions to boost brand growth

French luxury giant Kering, currently undergoing a major transformation, announced on Monday the creation of two new divisions. These are designed to enhance its operational efficiency and support the growth of its brands, including Gucci, Yves Saint Laurent, and Balenciaga. “The relevant teams within the houses will report functionally to these...

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Strait of Hormuz blockage, an “unprecedented freeze” on global maritime trade

Paris (France) - The blockage of the Strait of Hormuz constitutes an “unprecedented freeze” on global maritime trade, affecting everything from cosmetics and food products to pharmaceuticals, cars and precious marbles. While it primarily impacts petroleum products, it also threatens many other industrial sectors. Importance of the Strait of...

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Adidas to increase sales by two billion euros and extends contract with CEO Bjørn Gulden

Sportswear manufacturer Adidas considers itself well-positioned for the coming years, despite economic and geopolitical turbulence. The company is aiming for further growth in sales and profit by 2028, as it announced on Wednesday in Herzogenaurach. In the current year, currency-neutral sales are expected to increase in the high single-digit...

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M&S strengthens ties to motorsport with Silverstone deal

British retailer Marks & Spencer is becoming an official partner of Silverstone Circuit, the world-renowned motorsport venue in England, which hosts the Formula 1 British Grand Prix. In a statement, M&S said the partnership spans year-round activity at the circuit, including track days, hospitality, fan zones, music, and entertainment, as well...