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Fashion brands reaffirm support for Pakistan Accord for factory safety

Consultations between over 100 brands, retailers and trade union representatives have led to an extension of the Pakistan Accord, a country-specific agreement within the International Accord. With the new signature, the fashion companies confirm their joint commitment to improved labour and safety standards in the Pakistani supply chain. The...

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UK government lays out plan to tackle PFAS

The UK government is joining a broader effort towards addressing the use of PFAS in consumer products. A PFAS Plan has now been outlined, setting out what the government said is an “evidence-based approach to tackling these persistent chemicals”. The decision to address PFAS, also known as ‘forever chemicals’, comes amid growing concern over...

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Watches of Switzerland sees strong sales growth in Q3, updates guidance

Watches of Switzerland Group experienced continued positive sales growth in both the US and UK markets, driven by a strong holiday season. For the 13 weeks ended January 25, 2026, the company saw sales growth ahead of expectations. Demand for luxury brands remained strong, outpacing supply in both the UK and US. The US market delivered...

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Eurozone: inflation rate falls to lowest level in almost five years

The inflation rate in the Eurozone has continued to fall as expected, reaching its lowest level in almost five years. In January, consumer prices rose by 1.7 percent year-over-year, according to an initial estimate released by the statistical office Eurostat in Luxembourg on Wednesday. Economists had anticipated this on average. This is the...

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G-Star announces ‘strategic restructuring’, 75 jobs to be cut

Dutch fashion brand G-Star is restructuring. With this move, the company aims to anticipate changing market dynamics, according to a press release. This is intended to create a stronger foundation for long-term growth and lasting brand relevance. The brand reports that its business operations will be simplified and that it aims to move faster...

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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...