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First DPP-ready textile library goes live

Brands and retailers that are currently preparing for the EU’s Digital Product Passport (DPP) regulation can start by sourcing verified, compliance-ready textiles directly from a structured, supplier-level data library, which went live on 21st May. The library is the brainchild of World Collective who connects brands with next-generation...

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Vinted: purchasing power, resale and climate at the heart of 2025 impact report

Vinted's 2025 impact report aims to demonstrate that second-hand fashion has become a lever for consumer purchasing power, a tool for economic circularity and a means of reducing fashion's environmental impact. According to Vinted, one of Europe's leading second-hand fashion platforms, users saved 21.6 billion euros (25.07 billion dollars) on...

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Richemont achieves 22.4 billion euros in sales amidst geopolitical shifts

Compagnie Financière Richemont, the Swiss luxury goods group, delivered a solid performance for the financial year ended March 31, 2026, navigating fast-evolving geopolitical and macroeconomic conditions. Group sales reached 22.42 billion euros (26.04 billion dollars), representing an increase of 11 percent at constant exchange rates and 5...

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No merger: Puig and Estée Lauder end negotiations without an agreement

Madrid – After nearly two months of intense negotiations, there will be no merger, acquisition, absorption, or any similar operation leading to the integration of the Spanish fashion and beauty multinational Puig group and the American company The Estée Lauder Companies into a single entity. Both companies have now announced through separate...

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Hoka and Ugg drive Deckers Brands to 5.47 billion dollars in FY26 net sales

US footwear group Deckers Brands has announced its financial results for the fourth fiscal quarter and full fiscal year ended March 31, 2026, delivering record revenue driven by the ongoing momentum of Hoka and Ugg. For the full fiscal year 2026, net sales increased 9.8 percent to 5.47 billion dollars compared to 4.99 billion dollars in the...

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Ponda co-founder Julian Ellis-Brown talks wetland regeneration, BioPuff growth and fashion industry adoption

As fashion continues to search for lower-impact material alternatives, scaling innovations beyond niche applications remains a significant challenge. For UK startup Ponda, the answer lies not only in developing a new insulation material, but in rethinking the agricultural systems behind them. Founded around the concept of paludiculture, Ponda...

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Walmart performs better than expected, but consumer is under pressure

New York - American retail giant Walmart published a higher-than-expected turnover on Thursday for its first quarter, which runs from February to April. Its executives warned that American consumers were being constrained by the return of inflation. Turnover reached 177.8 billion dollars, an increase of 7 percent compared to the same period last...

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Ralph Lauren surpasses 8 billion dollars in annual revenue

Ralph Lauren Corporation, the US-based luxury lifestyle group, has reported its financial results for the fourth quarter and full fiscal year 2026, delivering performance that exceeded market expectations. The company crossed a significant financial milestone as annual revenues surpassed 8 billion dollars for the first time in its history. For...

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Kontoor strikes one billion dollar deal to sell Lee to Authentic Brands Group

US denim specialist Lee Jeans is set to change hands. Parent company Kontoor Brands has confirmed it has signed an agreement with Authentic Brands Group to sell the business for up to one billion dollars. The definitive deal, which has been approved by Kontoor’s board of directors, includes an initial transaction value of 750 million dollars and...

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Primark, H&M and Zalando join industry push for resale and repair tax reform

Major fashion retailers including Primark, H&M Group and Zalando are calling on governments to introduce tax reforms aimed at making resale and repair more commercially available. The move comes as nearly 70 fashion and textile organisations signed a joint statement coordinated by the Ellen MacArthur Foundation, warning that current tax systems...

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West Marine files for bankruptcy, Rocky Brands and Luxottica among top creditors

The bankruptcy filing of US boating retailer West Marine, which recently sought Chapter 11 protection, has implicated several apparel companies. Rocky Brands, Kent Water Sports LLC, and Luxottica of America are listed among the retailer's top 30 unsecured creditors. Other brands sold by West Marine, such as Sperry, are reported to be less...

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French upcycler Losanje receives 6.7 million euro capital injection

French company Losanje, which specialises in textile upcycling, has secured a capital injection of 6.7 million euros (7.79 million dollars). Upcycling involves reusing existing materials to create a new product, such as making a bag from a pair of jeans. This process increases the value of the residual product, turning textile waste into a...