Latest Articles in Business

Shein IPO valuation lowered amid slower growth and regulatory scrutiny

Singapore-headquartered online fast fashion retailer Shein is targeting a market valuation between 25 billion dollars and 28 billion dollars for its upcoming initial public offering (IPO) on the Hong Kong stock market, Reuters reported citing market sources. The target represents a steep decline from earlier expectations of 30 billion dollars to...

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Arc'teryx on growing without alienating a core community

Propelled by the rise of the “gorpcore” movement, which saw technical apparel infiltrate urban fashion, Canadian brand Arc'teryx has become one of the most coveted names in the outdoor industry in just a few seasons. Its newfound visibility is now prompting the brand to consider how to pursue growth without devaluing its image. Moreover, it must...

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Brazilian shopping center company Allos divests São Bernardo Plaza stake

In a market announcement on Thursday evening, August 13, Allos, the largest Brazilian company in the shopping centre sector, reported that it has signed a Memorandum of Understanding (MOU) with XP Malls. The agreement is for the total sale of its 60 percent stake in São Bernardo Plaza Shopping. According to the statement, “the transaction is in...

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Closer to home: How nearshoring is transforming apparel supply chains

Nearshoring in the garment industry has evolved from a defensive reaction and temporary safety net to shipping crises into a permanent, data-driven core strategy. With sweeping US tariff pressures in 2026 and stringent European eco-regulations like the Corporate Sustainability Reporting Directive (CSRD) and the Digital Product Passport (DPP),...

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IoDF rebrands as Patina to build ‘post-consumer purchase’ platform

Fashion tech company IoDF – or the Institute of Digital Fashion – is rebranding as Patina, marking what founders Leanne Elliott Young and Cat Taylor describe as a new chapter for the business after six years of developing technology for the fashion industry. The new London-based company will focus on “post-purchase commerce”, using Digital...

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US footwear brand G.H.Bass expands business in Germany

US heritage footwear brand G.H.Bass will celebrate its 150th anniversary in 2026. At the same time, the brand is looking back on 90 years of the Weejuns loafer. The anniversary coincides with a period of expansion, particularly in the German market. According to the company, sales in Germany increased by 99 percent year-over-year. Digital...

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Swedish jewellery brand Mockberg expands

Swedish jewellery brand Mockberg is expanding its international presence, with a strategic focus on the DACH region and the UK. Alisa Ernst has been appointed managing director for DACH & UK to steer this growth. She will be responsible for establishing and expanding the brand's presence in both markets. Ernst brings industry experience from her...

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Mothercare posts annual loss as Boots exit and Middle East geopolitical tensions weigh on turnover

UK-based specialist parenting and kidswear group Mothercare has reported its full-year financial results for the 52-week period ended March 28, 2026, recording a statutory loss after tax of 5 million pounds. The performance represents a decline from a statutory profit of 6.2 million pounds achieved in the prior financial year ended March 29,...

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Fila-owner Misto Holdings posts 16.6 percent revenue increase in Q2

South Korean apparel group Misto Holdings has reported its financial results for the second quarter of 2026, recording consolidated revenue of 1.4 trillion South Korean won (approximately 988 million dollars), representing a 16.6 percent increase year-over-year (YoY). Consolidated operating profit for the period rose 62.3 percent YoY to 295.2...

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Swarovski reports 6 percent organic growth in first half of 2026

Austrian jewellery and crystal specialist Swarovski has reported continued growth in the first half of 2026, with organic sales up 6 percent year-on-year and like-for-like growth reaching 8 percent. Jewellery remained the strongest-performing area of the business, seeing 11 percent organic growth as the brand continued to benefit from product...

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Asics EMEA revenue increases 32.9 percent in second quarter

Japanese sportswear brand Asics’ European division, Netherlands-based Asics EMEA, has reported its financial results for the second quarter of 2026, recording a revenue increase of 32.9 percent compared to the second quarter of 2025. Excluding Onitsuka Tiger, the performance was driven by profitable growth across all categories. The regional arm...

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Spinnova prepares for US IPO to fund fibre technology scale-up

Finnish materials technology company Spinnova is preparing for a potential US stock market debut, as it looks to raise at least 15 million dollars to support the commercialisation and scale-up of its wood-based textile fibre technology. The company has confidentially submitted a draft registration statement to the US SEC for a proposed initial...