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Dr. Martens reportedly expecting redundancies amid EMEA restructuring

Footwear specialist Dr. Martens is believed to be preparing to cut some roles linked to its Europe, Middle East and Africa (EMEA) business, which is currently undergoing a restructuring. According to Drapers, the company is believed to be reorganising teams at a regional level, with some positions due to move to central group functions, while...

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Putting priorities back into production

How can garment manufacturers enable environmental transformation? And how can they do this in a nationally coordinated, structured and country-specific way? This is why the manufacturer-led ATTI platform (Apparel and Textile Transformation Initiative) was conceived a couple of years ago and officially established as an organisation in 2025. Its...

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Kering 2025: moment of truth for François-Henri Pinault's powerhouse

The luxury sector is no longer smooth sailing, and Kering (Kering) has become its most sensitive barometer. With a 13 percent decline in turnover, compressed profitability, and Gucci still undergoing reconstruction, the French group concludes a 2025 financial year that management describes as transitional. Investors, however, see it primarily as...

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Converse initiates restructuring and layoffs amid slumping sales

Employees at Converse have been instructed to work from home as the Nike Inc. brand begins a restructuring process that includes job cuts. According to a Bloomberg report, the reorganization will involve the creation of new roles and team reassignments for remaining staff. In a memo viewed by Bloomberg News, Converse chief executive officer...

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UK high street administration wave: The 5 retailers facing early 2026 setback

The UK high street has faced an early setback in the new year, with five major retailers already entering administration. Each company cited their respective collapses to rising business costs and cautious consumer spending. It comes despite more positive projections for the year ahead by industry analysts. According to a report by Knight Frank,...

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Eddie Bauer North American retail division enters Chapter 11 for liquidation or sale

Bellevue-based outdoor retailer Eddie Bauer has initiated voluntary Chapter 11 bankruptcy proceedings in the US Bankruptcy Court for the District of New Jersey. The filing is specifically limited to the company's North American brick and mortar operations, which include retail and outlet stores across the US and Canada. The company has entered...

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Fashion label Jott draws 15 takeover bids following bankruptcy filing

Around 15 potential buyers have submitted takeover bids for Jott, the Marseille-France based apparel brand famous for its colourful, lightweight puffer jackets. The company, whose name stands for "Just Over The Top," was placed into receivership by the Marseille Economic Affairs Tribunal in December. Despite its financial struggles, management...

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Under Armour Q3 exceeds expectations despite revenue decline

Sportswear giant Under Armour has reported Q3 adjusted operating results that have “exceeded expectations” as its ongoing transformation strategy picks up. This is despite a decline in revenue, particularly as performance in North America dampened figures. For the quarter ended December 31, 2025, the company saw overall revenue drop 5 percent to...

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Lanvin Group sells Caruso to MondeVita Italy

Raffaele Caruso has completed an ownership transfer from its former shareholder, Lanvin Group, to MondeVita Italy srl. MondeVita Italy srl is part of Mondevo Group, an international investment group backed by private investors with a long-term outlook. Mondevo Group was founded by Hussam Otaibi, founder and chairman, and Fabio Brambilla,...

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US firm Blue Water Venture Partners to acquire Jacadi

Paris, France – The international investment firm Blue Water Venture Partners has announced its intention to acquire children's fashion brand Jacadi Paris. The firm is led by New York-based investor Joseph Hernandez. The news was reported by Les Echos on Thursday. In a statement dated Monday, the investment firm announced it has signed a “letter...

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The Fabricant receives European support for AI project to improve fashion industry

The European Union is providing financial support to the Amsterdam-based fashion-tech company The Fabricant for the development of an AI-driven initiative. In collaboration with the University of the Arts London (UAL), the Image to Pattern project focuses on automating the conversion of design sketches into production-ready patterns, according...

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Coty continues strategic review following successful debt reduction

Paris, France - US cosmetics and fragrance group Coty, which appointed a new interim CEO in January, published mixed results on Thursday. The company reported its “lowest debt in nine years” and is continuing its strategic review. In the second quarter of its fiscal year, from October to December, Coty's turnover increased by 1 percent...