Latest Articles in Business

London Fashion Week SS27: McQueen’s homecoming, Kane’s Mulberry debut and the new guard takes centre stage

The biggest names may have brought the crowds to London Fashion Week's spring/summer 2027 edition, which ended on Monday, but the season also belonged to the designers rewriting what British fashion can look like now. As McQueen returned to London and Christopher Kane reset Mulberry’s ready-to-wear proposition, a new guard highlighted craft,...

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Italian cosmetics: turnover expected to reach 18.1 billion euros in 2026

With an expected turnover of 18.1 billion euros (20.7 billion dollars) in 2026 and growth over the last ten years at a rate more than six times higher than the national GDP, the cosmetics industry continues to create value, skilled employment and competitiveness for the country. These figures were presented last week at Assolombarda during the...

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On aims for further growth, sets new targets for 2029

Swiss sportswear provider On Holding AG presented its new financial targets for the period up to 2029 on Tuesday, ahead of an investor day. The company also confirmed its current annual forecasts. For the next three years, On is aiming for average annual sales growth in the high teens on a currency-neutral basis. This should bring total sales in...

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Ugg launches 'Born to Feel' brand platform with global pop-up tour

Ugg has introduced Born to Feel, a long-term global brand platform, and will start a related series of consumer events in New York City this weekend. The brand, a division of Deckers Brands, said the platform is built around the comfort associated with its products and is designed to run across product, culture and experience rather than as a...

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Puma is driving performance: How Another Cotton Lab plans to continue its growth

Since its launch in 2023, Another Cotton Lab has grown from a Düsseldorf-based lifestyle label into a company that achieved a double-digit million euro turnover in 2024. The next phase is set to follow, focusing on increased performance, more of its own stores and a stronger international presence. The collaboration with Puma is a gateway into a...

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Donatella Versace's new brand: inside her beauty and fashion venture with Revolve

Donatella Versace is back. The Italian fashion designer and businesswoman, who led Versace as its artistic and creative director from 1997 to 2025, announced on Monday a new independent venture in partnership with Revolve. The project was described in a statement as a new beauty and fashion business centered around how a new generation discovers...

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Esprit Holdings receives statutory demand for almost 4 million dollars

Esprit Holdings Limited is facing a statutory demand for almost 4 million dollars. The Hong Kong-listed company announced on Thursday that it was served a so-called 'Statutory Demand' on September 16. The demand is for 3.99 million US dollars and a further 41,656 Hong Kong dollars. According to Esprit, the claim is related to an arbitration...

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Shein trades 22% below IPO price three weeks after Hong Kong listing

China-founded, Singapore-headquartered fast fashion retailer Shein was changing hands at 37.80 Hong Kong dollars on September 21, 2026, about 22 percent below the 48.56 Hong Kong dollars it charged investors three weeks earlier. Whether the listing counts as a success depends on who is measuring. Shein raised 13.6 billion Hong Kong dollars and...

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Fashion industry linked to almost a third of global farmland, report finds

The fashion industry influences almost a third of the world’s agricultural land when leather and wool are included alongside textile crops, according to a new report from researchers at the University of Oxford’s Smith School of Enterprise and Environment and DIRT Charity. The report suggests that fashion has influence over 30 percent of global...

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Mothercare's financial outlook remains uncertain despite cash injection

Mothercare has provided an update regarding its financial outlook following a cash injection from the liquidation of its former retail subsidiary. The company was notified by the liquidators of Mothercare UK Limited, which entered administration in 2019, that a further 0.8 million pounds (1.07 million dollars) cash dividend will be paid...

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Business|CEO Interview

Jed Berger on Kenneth Cole's next chapter: Europe, women's and staying 'comfortably uncomfortable'

Almost a year after adding chief executive to his title, Jed Berger is pointing Kenneth Cole outward. The brand is scaling into the DACH region first, with a store opening in Austria and roughly 10 planned for Germany in the next six to 12 months, while the UK is scheduled for 2027. "Europe gives us an opportunity for a fresh start, not to...

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LVMH-Hermès affair: Reuters revelations contradict Bernard Arnault's defence

On Thursday, Reuters published an investigation that brought new information to light in one of the luxury sector's most high-profile cases: the acquisition of Hermès shares by the LVMH group. According to the news agency, LVMH made a confidential agreement in 2002 with Éric Freymond, who was the wealth manager for Nicolas Puech, one of the...