Latest Articles in Business

Drykorn at 30: Marco Götz on staying independent and growing abroad

When Marco Götz founded Drykorn in Würzburg in 1996, he started with 100 pairs of black wool trousers and no business plan. Three decades later, the label is sold in more than 1,000 multi-brand stores worldwide and has grown into a full contemporary brand for men and women, and it remains independent and owner-run. To mark the anniversary,...

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Spinnova partners with Outlast to develop high-performance temperature-regulating fibres

Finnish materials technology company Spinnova has signed a non-binding letter of intent (LOI) with Germany-based Outlast Technologies (Outlast). The agreement aims to explore the development of high-performance textile materials combining Spinnova fibre with Outlast’s temperature regulation and insulation technologies. The potential...

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The Children’s Place files for chapter 11 bankruptcy to pursue asset sale

US pure-play kidswear retailer The Children’s Place (TCP) has voluntarily filed petitions for chapter 11 relief in the US Bankruptcy Court for the District of New Jersey. The retailer is seeking to sell substantially all of its assets pursuant to section 363 of the US Bankruptcy Code. TCP stated it is in discussions with multiple parties...

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Alpargatas lifts profit as international operations return to positive EBITDA

Brazilian footwear manufacturing group Alpargatas posted an 11.1 percent increase in consolidated net sales to 1.24 billion Brazilian reals (0.22 million dollars) for the third quarter of 2026, supported by volume expansion across its domestic and international footprints. Consolidated gross profit grew 11.5 percent year-over-year to 653.2...

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AI agents or humans? Amazon, Intersport and New Balance weigh in on the future of sports retail

Will sports shoppers trust an AI agent or a human with their next purchase? Executives from Amazon, Intersport and New Balance took on the question at the ISPO Summit in Amsterdam on Tuesday. The panel, “The Future of Retail: Where Consumer Insight Meets Intelligent Commerce”, brought together Avi Samtani, managing director and Europe GM at...

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Under Armour beats profit outlook despite 7 percent sales decline

Under Armour exceeded its operating income outlook in the second quarter of fiscal 2027, even as revenue fell 7 percent to 1.2 billion dollars, the company said in its results release on Friday. The Baltimore-based sportswear company reported operating income of 15 million dollars for the quarter ended September 30, 2026, down from 17 million...

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Superdry announces 70 million pound refinancing to support global retail strategy

British fashion retailer Superdry & Co has agreed a major refinancing package totalling 70 million pounds (93.8 million dollars) to support its next phase of retail expansion and international growth. The arrangement includes a 60 million pounds committed asset-based lending facility alongside a 10 million pounds trade finance facility. The new...

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More than audits - Retraced highlights ten due diligence tools

Due diligence in the garment industry has evolved from voluntary social audits into an enforceable, cross-jurisdictional legal imperative driven by frameworks such as the EU Corporate Sustainability Due Diligence Directive (CSDDD) and strict forced labour import bans. To establish genuine compliance and mitigate existential commercial risks,...

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Inditex surpasses 60 euros per share for first time, reaching 189 billion euros in market capitalisation

Madrid – Neither Inditex shares nor the company itself had ever been worth more on the market until the trading session on Thursday, November 5, 2026. While the market awaits the future trajectory of the Spanish fashion multinational and its stock, the day has already become a historic milestone for the Zara owner. This follows its shares...

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Saysh founder Allyson Felix on why women’s footwear needs more than product: Purpose and representation

Olympic champion Allyson Felix took the stage at the ISPO Summit in Amsterdam on Tuesday to argue that women’s footwear has to offer more than fit. In the Inspiration Talk “Running Her Own Race: Allyson Felix on Legacy, Leadership & Building Something Bigger”, the Saysh founder said building “systems for women” means pairing product with purpose...

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Global Fashion Group: Margin gains carry profitability through soft demand

Hamburg - NuWays AG has issued an update on Global Fashion Group S.A. (GFG), confirming its "BUY" recommendation with an unchanged 12-month target price of 1.00 euro, according to analyst Christian Sandherr. GFG's third-quarter figures show that improved unit economics hold up even as demand softens, with normalised free cash flow remaining...

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Westwing posts 13 percent Q3 revenue growth as international sales accelerate

Hamburg - NuWays AG has published an equity research update on Westwing Group SE (ISIN: DE000A2N4H07), in which analyst Christian Sandherr reiterates a "BUY" recommendation with an unchanged 12-month target price of 23.50 euros. Westwing delivered its fifth consecutive quarter of growth despite a soft consumer backdrop and higher freight costs....