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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...

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Safilo withdraws bid for Inspecs

Safilo does not intend to make a binding offer for British eyewear company, Inspecs. In a statement, Inspecs said that in light of the proposed acquisition by Bidco at a price of 84 pence per share, Safilo Group has confirmed it does not intend to make a binding offer for Inspecs. Bidco is a newly formed company established for the acquisition...

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Cheap clothing imports, high-quality material exports: figures reveal Japan's fashion industry

In recent years, Japan's apparel market has consistently fallen short of the nine trillion yen level seen before Covid-19. One reason for this phenomenon is the labour shortage in the textile industry. The average annual income in the textile sector is 5.81 million yen, which exceeds the wider industry average. However, textile wages remain more...

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Next said to be among suitors for Russell & Bromley takeover

British retailer Next is reportedly among a string of suitors eyeing an acquisition of Russell & Bromley. The family-owned footwear business announced in October that it was seeking external financing as part of the next phase of its ReBoot turnaround plan. Next is said to be among the interested parties, according to sources for Sky News, with...

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Frasers Group reportedly eyeing SilkFred takeover

Frasers Group is said to be mulling a takeover of troubled e-tailer SilkFred. According to sources for Drapers, the British retail giant is one of three parties considering a takeover. SilkFred appointed administrators from Quantuma in November after becoming “another victim of tough trading conditions”, the firm’s managing director, Andrew...

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SuperCircle secures 24 million US dollars to scale textile waste management

Circularity infrastructure start-up SuperCircle, which offers a full-service technology and reverse logistics textile management platform for retail brands, including J.Crew, Guess, and Reformation, has raised 24 million US dollars to scale its AI-powered platform. The Series A funding was led by venture capital firm Foundry, with participation...

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Future Snoops: “AI can become one of the most powerful sustainability tools we have”

“The future isn’t predetermined. The impact of AI depends entirely on how we choose to use it. If we’re intentional, if we design responsibly and act with purpose, AI can become one of the most powerful drivers of sustainability in the decade ahead,” said Emma Grace Bailey, director of sustainability at Future Snoops (FS), during the trend...

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Rent the Runway achieves 15.4 percent revenue growth in Q3 driven by subscriber increase

Rent the Runway, Inc. reported financial results for the fiscal quarter ended October 31, 2025, demonstrating execution on its multi-year transformation plan with significant strategic and operational milestones. Revenue grew 15.4 percent year-over-year to 87.6 million dollars, driven by subscriber growth, with ending active subscribers...

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IKKS Group acquired, many jobs to be cut

French ready-to-wear group IKKS, having been placed in receivership, has found a buyer. The acquisition will see its workforce halved with the loss of approximately 500 jobs, according to the takeover bid approved by the Paris Commercial Court on Friday. 546 direct jobs retained out of 1,094 The offer proposes the retention of 546 direct jobs...

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Business|CEO Interview

Toms' next chapter: CEO Jessica Alsing discusses brand resurgence and global market expansion

Earlier this year, Toms found its new chief executive in Jessica Alsing, the first woman to helm the global footwear brand. Her appointment marked the beginning of a new phase defined by growth, innovation and a renewed take on philanthropic giving, the latter a core pillar in the brand’s legacy. Upon her appointment, Alsing underlined a focus...

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Bioworld Launches an in-house investment platform

Bioworld, a global manufacturer of licensed apparel, accessories, and home goods, known for its pop culture merchandise, is looking to accelerate the next generation of global consumer brands with the launch of its in-house investment platform. The launch of Bioworld Ventures marks a new chapter for the merchandising brand, as it focuses on...

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Taxation of small Chinese parcels: EU moves to practical implementation

Brussels (Belgium) - The principle has been agreed, yet practical details remain to be settled. The 27 member states must find a provisional solution on Friday to tax the mountains of small Chinese parcels imported into the European Union “as soon as possible” in 2026. This move comes without waiting for the initial deadline set for 2028. Some...