Latest Articles in Business

Tilt raises 26 million dollars with Vinted Ventures

The start-up Tilt, an e-commerce platform specialising in live shopping and live auctions, has reached a key milestone by announcing a 26 million dollar funding round on LinkedIn. While the funding intends to accelerate the platform's technological innovations, the core element of this announcement is the major and highly strategic participation...

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Business|Artificial Intelligence

Spanish startup Flipflow closes a three million euro funding round backed by Puig and Mango

Madrid – Valencia-based startup Flipflow, a market analytics firm specialising in the retail sector, announced this week that it has successfully completed a three million euro funding round. This injection of funds will allow the company to accelerate the technological development of its solutions for the retail industry and its international...

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Business

Aybl founders face legal dispute with Gymshark's Lewis Morgan

British activewear brand Aybl has become embroiled in a legal dispute between its founders and one of its largest shareholders. Lewis Morgan, a co-founder of Gymshark who invested 7 million pounds in Aybl in 2021 in exchange for a 20 percent stake, is reportedly suing brothers Reiss and Kristian Edgerton over his departure from the business,...

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Business

BrandAlley secures rescue deal following administration

Online off-price fashion retailer BrandAlley has been acquired out of administration in a pre-pack sale, allowing the business to continue trading under new ownership. Administrators from BDO were appointed to BrandAlley UK on 29 May before completing an immediate sale of the business and most of its assets to BrandAlley International Limited, a...

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Business

Westminster Council drops legal challenge to Oxford Street pedestrianisation

Westminster City Council has said it will no longer pursue a judicial review of plans to pedestrianise Oxford Street, reducing the potential for a major legal battle over one of London's most significant regeneration projects. The scheme, backed by London mayor Sadiq Khan, will see traffic removed from the area between Orchard Street and Great...

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France fines Shein over 22 million euros for traceability and consumer law violations

France's fraud authority has issued two fines to Shein totalling over 22 million euros (25.56 million dollars), it announced on Wednesday. The authority cited failures related to product traceability, environmental claims, withdrawal periods and delivery times. The institution, which reports to the French Ministry of Finance, has increased the...

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Business

New US tariffs loom for economies failing to prevent forced labour goods

The US has threatened 60 economies with new tariffs for failing to prevent imports of products made with alleged forced labour or for inadequately enforcing existing import bans. The Office of the US Trade Representative announced this late on Tuesday evening (local time). Consequently, the European Union (EU), the UK and Switzerland, as well as...

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Business

Inditex calls annual general meeting for July 7

Madrid – Following the publication of its first quarter 2026 results, Inditex has called its investors to the 2026 Annual General Meeting, scheduled for Tuesday, July 7. During the meeting, the appointment of José Ignacio Goirigolzarri Tellaeche as a new independent director on the Inditex Board of Directors will be proposed. Goirigolzarri is...

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Business

Danish brand Fine Chaos to close

Fine Chaos is closing five years after its launch and will celebrate one last time during Copenhagen Fashion Week. The Danish fashion brand, founded in early 2021 by Ludvig Isaksen and creative director Marc Møllerskov, will cease operations in August. Isaksen announced the news in an email to FashionUnited. “The vision we set for ourselves in...

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Debenhams Group reports return to growth in Q1 2026

UK online retail group Boohoo Group plc, which operates as Debenhams Group, reported a return to growth for its first quarter ended May 31, 2026. The company experienced an acceleration in its multi-year turnaround momentum, with group gross merchandise value, or GMV, increasing by 0.5 percent year-over-year. Trading during May was notably...

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Inditex reports best first quarter in its history with sales of 8.75 billion euros

Madrid – Spanish fashion multinational Inditex group reported its results for the first quarter of 2026 earlier today. The company, which owns chains such as Zara, Bershka and Massimo Dutti, completed the three-month period from February 1 to April 30 by recording its best first-quarter results in its history. According to information submitted...

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How the mould crisis is reshaping fashion supply chains

The “Mould Crisis” of 2026 is a direct byproduct of the extended maritime detour around the Cape of Good Hope, which has become a semi-permanent fixture due to the 2026 Strait of Hormuz (SoH) closure and continued Red Sea instability. What began as a logistical delay has evolved into a quality assurance nightmare, particularly for shipments...