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Spinnova losses deepen in 2025, revenue drops 54 percent

Finnish textile technology company Spinnova Plc experienced a decline in revenue and higher losses in the 2025 financial year. The results were revealed in a business report published on Thursday. Revenue for the past year amounted to 344,000 euros (408,890 dollars). This represents a 54 percent decrease compared to 2024. The operating loss...

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Hermès reports 1.72 percent net profit decrease due to exceptional surtax

French luxury group Hermès announced on Thursday, February 12, 2026, a 1.72 percent decrease in its net profit for 2025, which fell to 4.5 billion euros (5.35 billion dollars). This decline was attributed to an exceptional surtax imposed on large companies by the French government to restore public finances. Excluding this exceptional...

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EssilorLuxottica FY25 profit down, revenues rise; sees growth ahead

French ophthalmic company EssilorLuxottica reported Thursday weak profit in fiscal 2025, while revenues were benefited by imporved performance in all regions. Looking ahead, the company expects over the next five years, on average, a solid growth of its total revenue and a broadly aligned growth of the adjusted operating profit at constant...

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Marimekko's 2025 financial results: sales up, net profit unchanged

Finnish textile group Marimekko Corporation (Marimekko) has concluded the 2025 financial year with a further increase in sales. However, profit stagnated compared to the previous year. This was revealed in a recent business report published by the company on Thursday, February 12, 2026. According to the report, sales last year reached 189.6...

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RSWM achieves margin expansion despite revenue decline in Q3

Indian textile manufacturer RSWM has announced its financial results for the third quarter and nine months of the 2025/26 financial year. The company reported a revenue of 10.93 billion rupees for the quarter ending December 31, 2025, a decrease of 5 percent. Management attributed this decline to softer demand conditions and uneven global...

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Business|Interview

Bugatti CBO Florian Wortmann: “We can all be spared for two or three months”

Fashion moves so quickly that pressing the ‘pause button’ seems almost impossible. Taking time off, however, can help one return full of energy and new ideas. Nevertheless, the topic still seems to be a taboo in the industry, especially for executives. Florian Wortmann, chief brand officer at the German brand Bugatti, has taken at least a short...

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Jigsaw to expand retail footprint following sales growth

Premium British fashion brand Jigsaw is celebrating a successful turnaround after delivering what it calls a “standout Christmas trading period,” following a strategic reset of the business in quarter 2 of 2025. In a statement, Jigsaw reports that festive sales were up 26 percent year-on-year, while profit margins increased by 35 percent, driven...

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Professional equality: When Kering turns social responsibility into an intangible asset

As the luxury sector enters a phase of structural rationalisation, performance is no longer measured solely by income statements. Social governance, employer attractiveness and mastery of non-financial criteria are becoming key competitive variables. In this context, Kering's publication of its 2025 Professional Equality Index goes far beyond a...

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Unsold goods: EU bans their destruction, imposing a new model on fashion

A practice long considered a necessary evil in industrial fashion will become illegal from July 19. The EU will prohibit large companies from destroying their unsold clothing, footwear and accessories, ending the annual incineration and landfilling of millions of new items. Enshrined in the Ecodesign for Sustainable Products Regulation (ESPR),...

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Ace & Tate acquires Spanish brand Project Lobster

Dutch eyewear specialist Ace & Tate has made an acquisition. The company has acquired its Spanish counterpart, Project Lobster, as announced in a press release. The financial details of the deal have not been disclosed. Project Lobster has stores in Valencia, Barcelona and Madrid. The brand offers both sunglasses and prescription glasses, but at...

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Saks Global announces store footprint optimisation for profitable growth

Saks Global, the luxury retail entity formed through the acquisition of Neiman Marcus Group, has announced a strategic optimisation of its store footprint and service model to drive profitable growth. Store optimisation to drive growth The first phase of this transformation includes the closure of eight Saks Fifth Avenue locations and one Neiman...

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How can DPPs support OECD due diligence in global fashion supply chains?

The digital product passport (DPP) serves as a structured digital record under the Ecodesign for Sustainable Products Regulation (ESPR). These passports do not replace due diligence but rather act as "structured containers" for the necessary data to support it. This is what Catherine Lomonaco, founder of GoTrace, highlighted at a webinar on 10th...