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Blumarine management to be taken over by Exelite

The management of Blumarine is swapping hands. Italian firm Exelite has secured a master licensing agreement for the designer label, taking over responsibility for production, promotion, and distribution of all product categories. As of January 1, 2026, Exelite, formerly Eccellenze Italiane Holding, has further agreed with Blumarine’s parent...

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India's textile budget 2026-27: implications for global supply chains

India’s Union Budget was announced on 1st February, summarising estimated revenue and expenditure of the year 2026-27. As it maintains a strong focus on public capital expenditure to support logistics efficiency, urban development and industrial expansion, it has a far reaching effect on many sectors. FashionUnited has summarised the five key...

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Capri Holdings exceeds Q3 expectations despite revenue decline

US fashion group Capri Holdings Limited experienced a decline in sales during the third quarter of the 2025/26 financial year. However, it successfully returned to profitability. The company's latest results, published on Tuesday, surpassed the expectations of both management and analysts. In the most recent quarter, which ended on December 27,...

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Sparxell secures funding to scale plant-based colour technology

Cambridge-based biotech firm Sparxell has raised 5 million US dollars in a pre-series A funding round to scale its 100 percent plant-based, high-performance biodegradable colour technology, as it looks to replace toxic chemicals in the 48 billion US dollar global colourants market. The round was led by SWEN Capital Partners’ Blue Ocean 2 fund,...

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SME Fund 2026 launched to help EU businesses protect intellectual property

The SME Fund 2026 was launched yesterday, February 2, to help businesses protect their intellectual property. The European Union Intellectual Property Office (EUIPO), with the support of the European Commission and the intellectual property offices of the EU member states, has launched a new SME Fund programme for 2026. This initiative is aimed...

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Haelixa raises 2 million euros to scale DNA-based traceability

Swiss-based tech firm Haelixa, which offers DNA-based product traceability, has raised 2 million euros in a pre-series A investment round to support international scale and its long-term strategic growth. The round was led by existing backers Verve Ventures and Zurich Kantonalbank, with participation from impact-focused investor 212 NexT Fund....

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Jane Atelier to “pause” on new collections

British independent womenswear brand Jane Atelier, formerly known as Goat Fashion, founded by designer Jane Lewis in 2001, has announced that it is taking “a break” from the end of February. Lewis left a statement on the brand’s website and social media stating: “I’ve decided to take a break for now. A pause to reimagine new ways to present...

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Saks Global unsecured creditors form committee

In a new phase of Saks Global's Chapter 11 bankruptcy proceedings, the US Trustee's Office has formed an Official Committee of Unsecured Creditors, giving the retail group's partners a voice in the process. A total of 10 members were appointed to the committee last week, including major fashion houses such as Chanel, LVMH, Kering and Ermenegildo...

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JW Anderson achieves profitability amidst revenue dip in 2024

JW Anderson reported a notable turnaround in profitability for the year ended December 31, 2024, despite a slight decrease in overall revenue. According to Companies House documents, total turnover for the year was 28.43 million pounds, a 5 percent decrease from 29.9 million pounds in 2023. The reduction was attributed to the timing of shipments...

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A sigh of relief: What the US-India trade deal means for the textile and garment industry

Not even two months in, and the year 2026 already seems to be a promising one for trade deals. After the ink is barely dry on what observers have called the “mother of all trade deals” - the free trade agreement between the European Union and India signed on 27th January - another one is taking centre stage. Indian prime minister Narendra Modi...

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Brax managing director: “We always see opportunities for growth”

The German brand Brax is prepared for the challenges in the market. It aims to position itself as smarter and more attractive to a new and younger target group through a rebranding. Innovative corduroy themes are set to bring fresh impetus to the autumn/winter 2026/27 collections. Managing director Marc Freyberg discusses growth opportunities in...

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Ermenegildo Zegna closes 2025 with revenues of 1.91 billion euros, down 1.5 percent YoY

The Ermenegildo Zegna Group closed 2025 with revenues of 1.91 billion euros, a decrease of 1.5 percent (+1.1 percent on an organic basis), compared to 1.94 billion in 2024. Fourth-quarter 2025 revenues stood at 591 million euros. This represents a year-over-year (YoY) growth of +0.3 percent and +4.6 percent on an organic basis. The results...