Latest Articles in Business

Frasers Group stands firm on Hugo Boss takeover bid

In the takeover bid for Hugo Boss, major shareholder Frasers Group will not increase its offer. The company announced this in London. The British company has been attempting to take the helm of the German brand since mid-June through a voluntary public offer. It is offering 38 euros per share. Frasers is a retail conglomerate backed by...

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Business

Coach and Quince end trade dress lawsuit over alleged dupes

Coach and Quince have come to a mutual agreement to end their ongoing federal litigation, which saw the lifestyle brand owned by Tapestry, Inc., accuse the online-luxury brand of selling dupes of its handbags. Both companies filed a joint stipulation on June 23 to dismiss all of Coach’s claims of trade dress infringement and unfair competition...

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Business|In Pictures

Cubitts opens new optical manufacturing facility in London

British spectacle maker Cubitts, founded in 2013, has opened a new headquarters and optical manufactory in King’s Cross, London, investing around 500,000 pounds to bring together frame making, lens production, design, repair, consultation, exhibition and training under one roof. The 13,000 square foot ‘The Yard’ marks “a new model for optical...

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Business

Fashion retailer H&M disappoints again in second quarter

Fashion group H&M continued to feel the effects of a weak consumer climate in its second fiscal quarter. In the three months to the end of May, sales fell by 3 percent to 54.8 billion Swedish kronor, the company announced on Thursday. Analysts, however, had expected a smaller decline in revenue. The business was also impacted again by negative...

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Hsg becomes majority shareholder of Golden Goose

Hsg has become the majority shareholder of Golden Goose Group. The international venture capital and private equity firm has completed the acquisition of a majority stake in the company. Marco Bizzarri appointed non-executive chairman with immediate effect Global investment company Temasek and True Light Capital, an asset manager wholly owned by...

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Valentino reports 2025 revenues of 1.12 billion

Valentino, controlled by Qatari fund Mayhoola (70 percent) and with Kering holding a 30 percent stake, has closed 2025 with 1.12 billion euros. According to the balance sheet filed by the fashion house, as reported by Il Sole 24 Ore, revenue stood at 1.12 billion euros. This represents a decrease of 15 percent compared to the previous year. The...

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Chinese giant Alibaba sues Pentagon over US blacklist inclusion

Washington, US, June 24, 2026 (AFP) - Technology giant Alibaba filed a federal lawsuit in the US on Monday against its designation as a “Chinese military company” by the Department of Defense, claiming the classification is arbitrary. The lawsuit, filed in a San Francisco federal court, challenges the Pentagon's determination that Alibaba should...

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The Leisure Collective restructures leadership team

The Leisure Collective (TLC), the Australia-based parent company of surf and coastal lifestyle brands Creatures of Leisure, Otis Eyewear, Sito Shades and Layday, have created a director of brands role as part of a leadership restructuring designed to “fuel next five years of growth”. In a statement, TLC said it was promoting key staff to take...

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Business

Nike names new chief financial officer

Nike has appointed David M. Denton as executive vice president and chief financial officer, as the sportswear giant continues to drive forward with its ‘Win Now’ turnaround strategy. Denton will join Nike on August 17, replacing the American sportswear brand’s current CFO Matthew Friend, who will step down from his role and remain with the...

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Puma shares slump as sales development worries analysts

Puma shares accelerated their decline on Tuesday, at times falling as sharply as they did in January. The drop is thought to have been triggered by subdued analyst comments on second-quarter sales following discussions with management. The sporting goods manufacturer's shares were last down 7.5 percent at 26.02 euros, placing them second to last...

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Seidensticker firms up plans for womenswear wholesale comeback

Seidensticker is bringing its womenswear back to wholesale, starting from the upcoming order season. The blouse specialist has adapted its collection accordingly. Back in January, Seidensticker's CEO Silvia Bentzinger did not rule out a return for womenswear to wholesale, as she mentioned in an interview. She did not want to announce any...

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Business|Artificial Intelligence

Three Spanish entrepreneurs create a platform for generating 'made-to-measure' patterns with AI

Madrid – Under the name "MPattern", Spanish entrepreneurs Iván Royo, José Luis Gonzálvez and Antonio Calero have just launched an innovative solution. They aim to reshape common practices within the fashion industry, once again thanks to artificial intelligence (AI). Their platform automates the process of pattern drafting and fitting. The...