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Founders of members-only platform Mile acquire Matches, prepare for 2026 relaunch

After a tenuous period that brought uncertainty to the future of Matches, it appears the ailing British e-tailer may have found a more promising home. Hulcan, a new luxury group created by the co-founders of members-only platform Mile, has stepped up to acquire the company as it prepares for a 2026 relaunch. The deal – financial details of which...

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Etro: Founding family reportedly set to exit; Rams Global among new shareholders

A shareholder restructuring is on the horizon for Etro. According to the newspaper Mff, the founding family is reportedly preparing to sell its stake to new investors. Gefin is therefore set to exit, with plans to sell its stake to Turkish group Rams Global. L Catterton will reduce its holding to 51 percent, whilst a consortium including Mathias...

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Bestseller and John Lewis among Circulose’s latest partners

Recycled textile manufacturer Circulose has announced a slew of new partners as it continues to push forward with its renewed strategic direction focused on securing long-term commitments from brands. The latest additions include Bestseller, John Lewis, C&A, Filippa K, Reformation, Faherty, Bobo Choses and Zero. Their commitment comes on the...

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Lotto to relaunch in North America through new lifestyle apparel license

The parent company of Lotto, WHP Global, has established a new licensing partnership that will see the Italian brand enact its “most significant North American fashion relaunch to date”. The deal was struck with Pure Cotton Global Group, which has been tasked with designing, manufacturing, and distributing a lifestyle apparel line across the US...

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Making structure effective: AI as a cost lever in the fashion industry

However high the cost pressure may be, compromising on quality is not an option in the fashion industry. A reliable planning rhythm, a robust data foundation and practical AI building blocks reduce friction costs along the fashion value chain. Thoughtful governance is key during implementation to ensure that savings potential is realised in...

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Eterna files for self-administration proceedings

Eterna Mode GmbH has filed for insolvency under self-administration at Passau District Court. The aim of the proceedings is to implement the final milestone in the transformation of the Passau-based shirt and blouse specialist. This includes the complete outsourcing of logistics as well as the sale and leaseback of the company premises, Eterna...

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VF Corp’s UK and Ireland arm faces job losses as yearly profit slips

US fashion group VF Corporation has cut almost 100 jobs across its UK and Ireland business as turnover and profit slipped over the year to March 31, 2025. According to a filing with the UK’s Companies House, the company’s Northern European division saw its employee numbers drop from 709 in the year prior to 623. FashionUnited has contacted VF...

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How the FullBeauty and DXL merger reshapes the Big & Tall market

Last week, two major players in the US’ size-inclusive apparel category joined hands. FBB Holdings I, Inc. (FullBeauty) and Destination XL (DXL) announced a major merger in a move that intends to accelerate respective growth plans and scale the presence of a “category-defining retailer for inclusive apparel”. Framed as a “merger of equals”, the...

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Fashion for Good endorses Spinnova’s consortium model

Finnish fibre tech firm Spinnova has found allyship in Fashion for Good, an accelerator and collaboration platform hoping to help contribute to the establishment of an industry ecosystem to scale textile innovation. Fashion for Good’s involvement follows the introduction of Spinnova’s revised strategy earlier this year. The Finland-based firm...

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Re-START Alliance launches Cluster Collective to scale textile recycling in India

The Re-START Alliance, an initiative focused on scaling textile recycling and convened by Laudes Foundation with founding partners Canopy, Fashion For Good, and IDH, launched its first flagship project: the Cluster Collective. This ambitious four-year programme, led and implemented by founding partner IDH, aims to unlock the significant economic...

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Kering monetises Fifth Avenue asset through Ardian partnership

Luxury group Kering and investment firm Ardian have announced the completion of a co-investment agreement, formalised through the creation of a joint venture centred on a real estate asset on Fifth Avenue in New York. The building, located at 715-717 Fifth Avenue, occupies a prime position offering approximately 10,700 square metres of luxury...

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Luxury: 86 percent of Indian consumers plan to increase spending over next 12 months

Nearly two thirds of Indian and Chinese consumers have spent over 20,000 euros on luxury goods in the past 24 months. Additionally, 86 percent of Indian consumers plan to further increase their spending over the next 12 months, the most significant figure among all markets analysed. The data confirms that luxury growth continues, yet drivers and...