Home

News

Business

Latest Articles in Business

Alibaba: AI bet erodes profits

Beijing - Chinese e-commerce giant Alibaba Group Holding Limited (Alibaba) announced on Wednesday an 18 percent drop in its annual net profit. The results were weighed down by a price war in China and ambitious investments in artificial intelligence (AI). The Hangzhou-based group (eastern China) operates some of China's largest online shopping...

Member

Business

Growth across all categories and regions drives Asics Q1 performance

Japanese sportswear company Asics has achieved record financial results for the first quarter and the three months ended March 31, 2026. Net sales increased by 29.7 percent year-over-year (YoY) to reach 270.20 billion yen (1.71 billion dollars). The growth was observed across all categories and regions, with operating profit rising 36.5 percent...

Member

Business

FatFace expands Zalando partnership into 20 new European markets

British lifestyle retailer FatFace has expanded its partnership with Zalando, launching across 20 additional European markets as part of its international growth strategy. The rollout includes key Western European markets such as France, Spain, Italy and the Netherlands, alongside Central and Eastern European countries including Poland, Romania...

Member

Business

Birkenstock reports significant profit decline despite sales growth

German footwear provider Birkenstock achieved solid sales growth in the second quarter of the 2025/26 financial year, despite adverse conditions and negative currency effects. However, profit declined significantly. This was revealed in a recent interim report published on Wednesday by its parent company, Birkenstock Holding plc, which is listed...

Member

Business

Digital Brands Group forecasts revenue growth through collegiate licensing

US apparel and e-commerce company Digital Brands Group (DBG) has announced its financial guidance for 2026, projecting revenue between 55 million dollars and 65 million dollars. The group also expects to generate free cash flow in the range of 2.50 million dollars to 3.50 million dollars for the calendar year. The company provided a further...

Member

Business

BrandAlley appoints advisors to explore potential sale

Off-price premium e-tailer BrandAlley has reportedly appointed advisors from Interpath to explore strategic options for the business, including a potential sale. According to Retail Week, the company is seeking a new investment partner to support its next phase of growth. Management had initially been eyeing a debt raise, but is now said to be...

Member

Business

Safilo signs agreement to acquire Spy+ and Serengeti from Bollé Brands

Yesterday, Safilo Group announced in a statement that it has signed a share and asset purchase agreement (SAPA) with Bollé Brands for the acquisition of Spy+ and Serengeti. The transaction follows the exclusivity agreement announced on April 21. It represents a further step in Safilo's strategy, which is focused on the selective acquisition of...

Member

Business

Authentic partners with Mercado Libre to expand fashion brands in Mexico

Authentic Brands Group has announced a strategic partnership with Mercado Libre to expand its fashion and lifestyle brands across Mexico through the Latin American retailer’s online marketplace platform. The agreement will grow the presence of brands including Reebok, Champion, Aéropostale, Nine West, Nautica and Dockers in the Mexican market....

Member

Business|Updated

Minelli receives half a dozen mostly partial takeover bids

Paris (France) - The administration of footwear brand Minelli has resulted in half a dozen mostly partial takeover bids. These offers often include a few stores or just the brand name without its employees. This was confirmed by the Paris Commercial Court's website, following a report from French digital media outlet l'Informé. Potential buyers...

Member

Business

Marimekko increases quarterly profit by a quarter

The Finnish textile group Marimekko Corporation achieved a sales increase and significantly boosted its profit in the first quarter of the 2026 financial year, despite challenging conditions. This was primarily due to strong growth in its international business. According to an interim report published on Wednesday, sales in the period from...

Member

Business

Brazil eases tax burden on cross-border e-commerce ahead of elections

Brazil's president, Luiz Inácio Lula da Silva, repealed a tax on Tuesday on purchases under 50 dollars made through e-commerce platforms such as China's Shein or Temu, a move aimed at consumers just months before seeking re-election. In 2024, Lula had decreed a 20 percent surcharge, known as the "taxa das blusinhas" (blouse tax), on these...

Member

Business

eBay board rejects unsolicited acquisition proposal from GameStop

The board of directors of US e-commerce leader eBay has formally rejected a non-binding acquisition proposal from US retailer GameStop. Following a comprehensive review conducted with financial and legal advisors, the board determined that the offer did not align with the long-term interests of the company or its shareholders. In a formal...